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This revenue/billing company option is rarely used; default settings should be NO (break out by owner # only).  This feature is used when client wants to pay each partnership out of a separate cash account within one cycle.

 

When changed to Yes (break out partnerships separately) you will be able to get separate bank codes for each A/R account instead of one bank code for the cycle. To designate the appropriate bank code to each partnership, you must edit via F11 – Account Maintenance.

 

Normally you have your A/R account set to an Asset account which does not allow you to attach a bank code to it. You will have to change your A/R account to a Payable account, add the bank code, save and then change it back to an Asset account so that it will not show up on the Accounts payable look up when you go to write checks. This will lock the bank code to this A/R account behind the scenes.

 

You will then be able to write your revenue checks for each partnership as designated by the assigned bank codes. You can have multiple A/R accounts (partnerships) in your cycle with different bank codes.

 

The account that it is paid from is determined by the DOI A/R account. On the owner column you will see the A/R account – the owner code.