Billing Document's Accounting entry

[Former Member]

Hi Experts,

During the generation of Accounting document for Billing document of SD Module which include Discount, I am getting an error saying ' Maintain CO object for gl acct : ...."

Now the G/L Account that it is showing in error is of expense with a cost element category 1 - Primary Cost.

I want entry to be passed as:

Cr. Revenue

Dr: Discount

Dr. Debtor

Now for such entry do we need to have 2 different GL's:

1 for revenue and 1 for discount.

or is there any setting in SD or FI for such entry.

Thanks,

Sonali.

[Former Member]

Question not answered, but closing it so that I can post other questions.

[Former Member]

Hi sonali,

Bill discount entries normal package & SAP:

Normal A/C:

a. Sales  Customer A/C Dr

To sales A/C

b. Bill of exchange payment:

No Entry

c. Bill discounting

Bank current A/C Dr

Interest A/C Dr

To Bank bill discount

d) Report to view customer wise, Bill wise due data wise and bank wise out standing available in SAP

e) Contingent liability

Bank bill discount A/C Dr

To Customer A/C

SAP:

a) Customer A/C Dr

Sundry Debtors A/C Dr

To Sales A/C

b) Customer special G/L (W) A/C Dr (Bill of Exchange)

To Customer with clearing A/C

(Sundry Debtors)

Bank A/C Dr

Interest A/C Dr

To Bank Bill discount A/C

The above 2 entries together

Bank Bill Discount Dr (with clearing)

To customer special (w) with clearing

(Sundry Debtors bill of exchange)

May be this information is useful toyou

Regards

Surya

[Former Member]

Check the field status group of the GL accounts which are hit. This will have the cost oject as a mandatory field. For resolving the issue you need to maintain an entry in OKB9 configuration.

[Former Member]

Hi,

PLease assign one cost object (Cost center/project/internal order) to your existing GL accounts.

Regards,

Satish Muvva.

[Former Member]

Hye

Assign default cost centre for the discount gl account/element through OKB9 transaction.

[Former Member]

Hi,

Assign cost object to account. Check which account is required compulsory cost object.

Warm Regards