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Reply from tomevans866 on Oct 14 at 8:03 AM Ritesh,
Your questions would be better for the SAP Accounting Group. A major portion of setting up SAP FI is the Chart of Accounts, especially the General Ledger.
SAP provides standard charts of accounts for most countries. If this is a new business, you can start with one for the country of operation. Existing companies compare their existing charts to those in SAP to decide on the best set-up.
I think every SAP chart has the GR/IR account. That is standard for the SAP Procure-to-Pay process. I will let accountant speak to the Bal. Sheet or P&L question.
Tom
| | | ---------------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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