Saturday, May 21, 2011

What is the difference between Account Assignment Model [AAM], recurring entries, and sample documents

AAM: - A reference for document entry that provides default values for posting business transactions. An AAM can contain any number of G/L account items and can be changed or supplemented at any time. Unlike sample documents, the G/L account items for AAMs may be incomplete.

Recurring Entries: A Periodically recurring posting will be made by the recurring entry program on the basis of recurring entry original documents. The procedure is comparable to a standing order by which banks are authorized to debit rent payments, payment contributions, or loan repayments.

Sample Documents: A sample document is a special type of reference document. Data from this document is used to create default entries on the accounting document entry screen. Unlike an accounting document, a sample document does not update transaction figures but merely serves as a data source for an accounting document.

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