Define distribution sets to account for your non-invoice related receipts. These receipts can include refunds, revenue from the sale of stock, as well as interest and investment income. Receipts that are not related to an invoice are known as miscellaneous receipts in Receivables.

Distribution sets are predefined groups of general ledger accounting codes that determine the credit accounts for positive miscellaneous receipt amounts and the debit accounts for negative receipt amounts. Distribution sets also let you speed your receivables accounting by reducing time spent on data entry. You can also use distribution sets to apply percentages of other receipts to different accounts.

You can create an unlimited number of distribution set lines for each distribution set. The total distribution lines must equal 100% before you can save your distribution set.

Receivables displays active distribution sets as list of values choices in the Transactions and Receivables Activities windows.

You can make a distribution set inactive by unchecking the Active check box, and then saving your work.

Prerequisites

• Define accounts

To define a distribution set:

1. Navigate to the Distribution Sets window.

2. Select an operating unit.

3. Enter the Name for this distribution set.

4. Enter a Description of this distribution set (optional).

5. Enter the receipt percentage to allocate to this distribution set account.

6. Enter the Account segments for each distribution set account you create for your distribution set. Receivables generates general ledger distributions using the account information you assign here.

7. Enter a Description for this distribution set account (optional).