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Separating Contra Account Booking Details

← Booking Account Allocation

In double-entry bookkeeping, every entry to an account requires a corresponding opposite entry to a contra account (also known as offsetting account), which is credited to offset a debit or debited to offset a credit. To support this scenario, JustOn Billing & Invoice Management can set the contra account number in the Booking Detail field Contra Booking Account.

Some accounting systems are unable to process booking details that specify both an account number and a contra account number. To support these systems, you can set up JustOn Billing & Invoice Management to split booking details on the basis of AccountNo and BpAccountNo, creating separate booking details for the account and the contra account. For details, see Contra Account Split.

In order to enable the creation of separate bookkeeping data for contra accounts, the feature must be activated in the global settings.

  1. Click to enter Setup, then open Custom Settings.

    In Salesforce Lightning, navigate to Custom Code > Custom Settings.

    In Salesforce Classic, navigate to Develop > Custom Settings.

  2. Click Manage in the row of Global Settings.

  3. Click Edit in the Default row.
  4. Select the checkbox Separate Contra Account Booking Details.
  5. Click Save.

Info

With respect to the booking detail separation, be aware of the following:

  • JustOn Billing & Invoice Management creates separate booking details for the account and the contra account when creating new booking details only. That is, booking details that already exist are not split subsequently.
  • The software aggregates the booking details for the contra account along invoice number, booking date and G/L account number (except if they are not linked to an invoice or if they originate from a balance).
  • Booking details created for cancellations cannot be split.
  • Booking details that have been specifically created for contra accounts cannot be split along centers.
  • JustOn Billing & Invoice Management does not generate contra account booking details for unbilled revenue.