<< Click to Display Table of Contents >> Navigation:  Accounting > Accounting Terms > Accounting the General Flow > Accounting Floor Plan Curtailment is Paid

 

 

 

 

 

The default credit is set to 1010 Cash in House in Misc-1-8,Accounting.  The dealer can change to another account if preferred.  

 

The G/L Impact is a debit to 2110 Notes Payable, a debit to 8050 Floor Plan Costs and a credit to the account designated in Misc-1-8,Accounting “Enter account for how you will pay your floor plan costs:”.