===== Control Accounting =====

Every financial transaction (and almost every other thing that modifies data in Control) results in the creation of an Activity. From an accounting point of view, an activity corresponds to a discrete financial transaction, or General Ledger Journal Batch Entry. For this reason, activites are also referred to as Journal Entries.

A typical Activity to post a payment on an order might contain the following information (and some more):

  * Journal ID #9999
  * Description: Payment on Order 1234
  * Entry Date: 4/1/2008 3:15 pm
  * Amount: $2340.00
  * GL Entries:

|**Account** ||**Debit** ||**Credit** ||
|Checking||$ 2340.00||   ||
|Accounts \\ Receivable||   ||$ 2340.00||

Important information to note about every Activity:

  * It must balance (Debits + Credits $0.00)
  * It (normally) only has one date and time.
  * It can link to Transactions and Companies.
  * It supports [[:divisions|Divisions]] (if enabled).
  * Most activities can be edited, but none may be deleted.

More Information

  * [[:creating_a_journal_entry|Creating a Journal Entry]]
  * [[:viewing_activities_on_transactions|Viewing Activities on Transactions]]
  * [[:viewing_activities_on_companies|Viewing Activities on Companies]]
  * [[:customer_credits|]]
  * [[:vendor_credits|]]
  * [[:multi-division_accounting|]]
  * [[:direct_costs_from_bills_assigned_to_orders|]]

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