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Reply from Nikki Klein on Oct 14 at 1:15 PM Hi
Tom is right. You're also asking a very broad question!
The Goods Receipt posting will DR Inventory (or an Expense account, if this is not an inventory purchase) and CR the GRIR account. The GRIR account is a balance sheet account and typically is in the Liabilities section.
The Invoice Receipt posting will CR Vendor (and behind the scenes, the AP Recon account which is also a Balance Sheet account an in the Liabilities section) and DR the GRIR account.
Nikki
| | | ---------------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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