General Ledger Codes for Rental Textbooks Partnership 1
If your store has PrismCore General Ledger, GL codes for rentals must be established. It’s recommended to set up separate GL codes for new and used. Having separate codes makes auditing rental activity easier than using the same codes for new and used.
All GL codes are entered in PrismCore Admin, with one exception. The GL code for the NBC Rental Rebate is set in the Rental Maintenance Module in ICS.
You will need the GL codes for the following:
Used For | Description | Type |
|---|---|---|
NBC Partnership 1 and Store Managed | Rental Not Returned Revenue New | Income/Revenue |
NBC Partnership 1 and Store Managed | Rental Not Returned Revenue Used | Income/Revenue |
NBC Partnership 1 and Store Managed | Rental Penalty | Income/Revenue |
NBC Partnership 1 | Rental Rebate | Liability |
In PrismCore Admin, entering and maintaining general ledger codes can be done in General Ledger Accounts <Ctrl+ J 221> or in GL Code Maintenance <Ctrl+1091>. While they have different names and jump sequences, they are the same module. Consult with appropriate personnel and follow normal procedures to create the codes, if they do not already exist in your chart of accounts.