Answer: These are example transaction that will auto generated when user had set Automated Accounting setting for Finance module. Refer table below :  


No.

Module

Action(s) Required

Accounting Transactions

1

Finance – Claims (without Advance)

Approve Claims     (Final Level Approval)

Ct Staff’s Claims
Dt Overhead - Expense

2

Finance – Claims with Advance

Approve Claims     (Final Level Approval)

There are 2 transactions that will be generated at the same time.

Transaction 1:

Ct Staff’s Claims
Dt Overhead – Expense

Transaction 2 (Advance Repayment):

Ct Staff’s Advance
Dt Staff’s Claims

3

Finance – Payment Voucher

Approve Payment Voucher (Final Level Approval)

Ct Bank Account
Dt Staff’s Claims (if item is Claims)
Dt Staff’s Advance (if item is Advance)
Dt Overhead – Expense (if item is Payment Requisition item or Others)

4

Finance – Payment Voucher (Import from Payroll)

Approve Payment Voucher (Final Level Approval)

Ct Bank Account
Dt Staff’s Wages Payable

5

Finance – Petty Cash Voucher

Approve Petty Cash Voucher (Final Level Approval)

Ct Cash Account
Dt Staff’s Claims (if item is Claims)
Dt Staff’s Advance (if item is Advance)
Dt Overhead – Expense (if item is Payment Requisition item or Others)