on 03-21-2008 5:56 AM
Dear all,
I don't know the purpose of Accounts for Automatic Offsetting Entry.
Please give me a detail example. Anh tell me how to configure and choose transaction to this bussiness
step by step
Thank in advance
Minhtb
Hello
Certain G/L items are created automatically. This reduces the manual entries required.
During clearing, items for cash discount, payment differences, revenues from charges, exchange rates differences, and any necessary tax adjustments are amended automatically
With all business transactions containing cross-company code documents, offsetting entries representing receivables and payables between the company codes involved are amended automatically.
When posting down payments, you may have to post the tax from a general ledger viewpoint. No special line items for tax and tax clearing are generated for this in Contract Accounts Receivable and Payable. Only the tax code, tax amount, and account numbers for the tax account and tax clearing account are noted in the open item for the down payment. This information is sufficient for updating the general ledger.
The accounts to be posted to must be defined in Customizing for the line items to be created automatically IMG structure for Contract Accounts Receivable and Payable ® Basic Functions ® Postings and Documents ® Document ® Define Account Assignments for Automatic Postings
Reg
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Hello,
I'd like to ask the purpose of this configuration
Financial Accounting (New) -> Accounts Receivable and Accounts Payable ->Business Transactions ->Postings with Alternative Reconciliation Account -> Other Special G/L Transactions -> Define Accounts for Automatic Offsetting Entry
Give me a detail example in business and choose transaction to excute
Thank in advance
Minhtb
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