V12.4.24 - GL Distribution

 

 

 

 

 

 

 

‘GL Distribution’ is the automatic allocation to GL accounts codes based on %.

 

 

In this example when you post to 9100/09 it will separate the posting as shown by % i.e. if you post $100 to GL 9100/09 Magix will ‘distribute’ $10 to 9100/01, $15 to 9100/02, $20 to 9100/05 etc.

 

Notes

 

•      To setup a GL Account for Distribution use Admin-GL-GL Chart-GL Distribution.

 

•      You can use the GL Account code in the Distribution list (in this case GL Account Code 9100/09 has a GL Distribution of 30%).

 

•      When posting a GL Journal Magix will ask you if you want to ‘Apply GL Distribution’.

 

•      When posting Sundry Invoices, Cash Payments, Cash Receipts or Confirming Purchase Orders Magix will automatically apply ‘GL Distribution’.

 

•      Magix will not apply GL Distribution during any other accounting process, for example parts and service batching.

 

•      If the GL Distribution setup on a GL Account does not equal 100%, Magix will not attempt to ‘Apply GL Distribution’.