Off cycle component posting to vendor account

[Former Member]

Hi experts

I have a offcycle components Food coupon reimbursement. The employees will apply through ESS monthly. HR will give list of employees requested for coupon to third party. Third party will issue coupons to the employees.

Now, it is possible to do posting by debiting the expenses to GL account and credit to vendor account as no payment will be done to the employees.

If possible what should be account assignment type for this wage type.

With regards

K.Vijayaraghavan

[Former Member · Accepted solution]

Hi Vijayaraghavan,

Hope you have created a wagetype which is not marked with cumulation classes 1 or 10 (Neither payment nor deductions). Now for the posting part, please create two symbolic accounts : one with Account assignment type C-Posting to Expense Account and another with account assignment K-Post to personal vendor account.

Assign these 2 symbolic accounts to your wagetype in transaction OH02 as two line items. The expense account with a posting charecteristics of Posting positive amounts in Debit and the vendor symbolic account with a posting charecteristics of Posting positive amounts in Credit.

Hope this will solve your requirement.

Best Regards

Raviiiiiiiii

[Former Member]

Hi Raghav,

You need to create one GL account and one Vendor Account on the same.

GL account with F show it in bothe sides. and maintain in vendor acount also.