Warning
Product support for the Creative Solutions Accounting platform ended on September 30, 2020.
Help & How-To Center content for the Creative Solutions Accounting platform may be outdated and is used at your own risk.
- Choose Setup > Automatic Journal Entries.
- Enter a reference and description and then select a journal from the drop-down list.
- Click the Percentage tab.
- In the Calculate from grid, enter the beginning and ending account numbers for the range of accounts that make up your client's sales accounts. Select Current In the YTD/Current column.
- Click the Credit option since sales accounts usually carry a credit balance.
- On the first line of the Distribute to grid, enter the client's cost of sales account(s) and the percentage, and choose Debit.
- On the next line, enter the client's inventory account number(s) and the percentage, and choose Credit.
- Press ENTER to save the record.
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