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Hi Katherine
Please correct me if I am wrong. General Ledger Account Items capable of
appearing the Profit and Loss Account ( viz. Expenses and Revenues ) are
expressed in terms of Cost and Revenue elements since costs and revenues
belong to the P & L account. Even Depreciation (essentially expensing out a
fixed asset in the balance sheet ) is also treated as a cost element only
when such depreciation occurs in the P & L Account.
Regards
VidhyaDhar
| | | ---------------Original Message---------------
From: KatherineP
Sent: Wednesday, March 09, 2011 2:40 PM
Subject: Balance sheet GL to be able to have a cost element
I have a balance sheet account they want to have a cost element so they can track which plants are using the reserves and write off gl's. I know balance sheet accounts can't have cost elements but is there a way to get them to have cost elements? |
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