Automatic Journal Entries > Overdraft tab

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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Help & How-To Center content for the Creative Solutions Accounting platform may be outdated and is used at your own risk.

Use the Overdraft tab of the Setup > Automatic Journal Entries dialog to set up automatic journal entries that calculate based on account balances. This can be used to affect the presentation of financial statements. For example, you can create an automatic journal entry that will post a credit balance of a cash account to a liability account and then reverse the entry in the next period. If the account has a debit balance, it prints to one section of the statement, and if it has a credit balance, it prints in a different section.

Choose Automatic Journal Entries from the Setup menu and then click the Overdraft tab.

Note: By definition, the Reversing checkbox on the Overdraft tab is always marked and cannot be unmarked.

See also: Automatic Journal Entries [Setup menu]

Special information

  • For additional information and examples, see Automatic Journal Entries in Write-Up CS (PDF).
  • If multiple automatic journal entries have been set up for the client, the application completes the calculations in the following order: (1) percentage; (2) inventory; (3) state tax; (4) federal tax; (5) overdraft.

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