Multiple GAAP requirements

[former_member209616]

Hello,

Was just wondering if there was any way deal with a scenario as below:

A vendor supplies projects to various customers. Now in the Germany GAAP the revenue is recognised once the goods are shipped but the same is not so for US GAAP.

So the option that is there is to track the sales order item which is sent to a further away location and thereby accordingly book revenue.

Can anyone suggest any other method.

[former_member209616]

I fail to understand. How can I post a manual journal entry when the sales cycle has been initiated in the form of a sales order

[cgilberg]

Hello Chetan,

I agree with Ravi. Journal is the way to persue, I do not see an automated solution.

Regards,

Christoph

[former_member182098]

It can be used for journals

Use FB50L and enter the ledger group.

If you enter only single ledger group it only goes to that ledger group. If you leave it blank then it would be posted to all