You apply general ledger entries to justify ledger balances on asset and liability accounts. For example, you can apply transactions on the bill of exchange accounts to get a clear picture of which bills make up the balance of the account.
This effectuates the application by setting the Letter and Letter Date fields.
Applied entries can be identified by having the same three-letter combination and the same date.
Unapply General Ledger Entries
Apply Vendor Payments Manually
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