Reg:Special GL Indicator Control

[Former Member]

HI Gurus,

What is the user of Special GL Indicators and what it control?

regards

JK Rao

[Former Member]

Hi Janardhan Rao,

Special GL indicator will be in use for Special transactions

Like Advance payment from Customers and Advance paymetn to vendors

if you post normally system will post credit side of Accoutns receivable

adn debit side of Accounts Payabale.

It will setoff with other line item.

But actually this advance should treat as a current assset (Vendor Adavances)

and Current Liabilites (Customer Advances)

so when ever you are posting the entries with adavance F-27 with special GL indiacator system will posts in advance account

Same with Vendor Adavances

Bills of exchange

Best Regards

Ashish Jain

[former_member1095384]

You can use the special G/L indicator for e.g. prepayment and bad debts.

Postings made with a sp G/L indicator can be assigned to special reconcilliation accounts. You can maintain the settings for sp G/L indicators via OBXJ and OBXT.

[Former Member]

Hi,

Special GL are not the normal transactions. SP GL transactions are Down Payments , Bills of Exchange Etc,

We have speacial Indicators as A for Downpayments and W for BOEwhich are mainly used to differenciate it from normal transactions.

Regards

Balaji