The Paid Out Code Entry allows the Paid Out amount to be coded to a specific General Ledger Account.

The Paid Out Code may be up to five characters.

The General Ledger Account is the account to post the Paid Out.

The General Ledger Cash Account allows you to override the Cash Account listed in “Accounts Receivable Setup” (10.2.2.1 field 3) for the Paid Out Code. If this field is left blank, the default is the Cash Account listed in the AR Setup.

Paid Outs must be Posted in “Post Paid Outs to Accounting” in ACCOUNTS RECEIVABLE 6.14.2). It is recommended that you print a “Paid Out Report” (6.14.1) before posting.