freight revenue

[Former Member]

Hi,

In a business freight can be collected as revenue,where as if it is consider as expeses for business then how it can define & assign in G/L account,please give me solution.

Thanks,

MIku

[Former Member · Accepted solution]

Hi,

Create a anothe account key and assign it in price procedure

Tell FI consultant create one G/L and include that G/L at liabilities side

Then flow the values to COPA at cost side.

Kapil

[Former Member]

Hai,

The standard account keys are

ERL - SALES REVENUES

ERS - SALES DEDUCTIONS

ERF - FREIGHT REVENUES

Now you can customise according to your requirement ,keeping the + & -ve sign in the condition type ,and then with respective account key ,and then take the appropriate GL Account from FI people ,then go to VKOA and there you assign Account key and GL Account according to the required access sequence.

Please revert for any

Kalyan

[Former Member]

Hi,

In the case of expense the condition class should be Discount or surcharge and the plus/minus indicator has to be negative if it is expense and the a/c key in the procedure should be like ERS or any of custom defined such as ZRS since it is expense and for the tracking purpose you can post it in the different G/L especially for Freight Paid expenses.

Regards,

Gopal.

Edited by: Gopalakrishnan S on Feb 23, 2010 12:04 PM