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Reply from Jhie_beluso on Oct 15 at 2:18 AM Hi Ritesh,
If you a referring to inventory Purchase Orders. Generally would have the below. Hope this helps.
Upon Goods Receipts
Inventory Account - B/S Accounts
GRIR Clearing - B/S Accounts
PPV - Depending on the Accounting Design this can go P&L directly or Balance Sheet. Also depending on if the company wants to segregate different PPV based on product grouping ie. VCC or not
Upon Invoice Receipts
GRIR Clearing - B/S Accounts
AP - B/S Accounts
| | | ---------------Original Message---------------
From: rithesh_a
Sent: Tuesday, October 13, 2015 12:56 AM
Subject: How Many General Ledgers Do We Have to Configure
HI Team,
This regarding PO Invoice. While configuring in SAP how many GL we have to create and where we have to create. Is it under P&l Or Balance sheet?
For example do we need to create GR IR Account. Is it Under balance sheet or P&L?
Can you please clear my doubts? |
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