GDC Types

This Article describes the different GDC Transaction Types.

General Ledger

These transactions are linked to General Ledger Account Numbers

Transfer

This transaction type is used for Transfers between two bank accounts. These transactions are posted to the Transfer Account Number (clearing account) as defined in the Company Setup of the Cashbook Utility.

If a transfer of R1000 was done from account A to account B the transactions will be a payment of R1000 in account A to the Transfer Account and a receipt of R1000 in account B to the Transfer Account. Once both bank accounts have been updated the balance of Transfer Account will be Zero.

Customer

These transactions are linked to Customers

Supplier

These transactions are linked to Suppliers