why we need reconciliation account in SAP for AP and AR plz give em ...
Example: Customer a/c in AP is a sub ledger and Sundry Debtor is a G/L So, reconcile ledger creates a link to update G/L through Sub ledger. when you post any transaction to a subledger it updates G/L …
What is field status group, what does it control? - ALLInterview
In otherwords, this maintains the subledger. These fields can be made supress,display,required and optional. Priority being S,D,R,O. 4. Vendor group field status: Controls fields of master records of …
What is the difference between SL and GL - ALLInterview
What is the difference between SL and GL ?Answer / murali krishna A subledger is a ledger containing all of a detailed sub-set of transactions. The total of the transactions in the subledger roll up into the …
what is drill down in oracle apps r12? What is GL Drilldown?
Answer / tgs100 When the accounting entries are created in the subledger module and transferred to GL, link is established between the GL journal line and the corresponding subledger transaction. …
How is sub ledger linked to GL? - ALLInterview
Answer / anil naidu Reconciliation is the bridge between the main gl and sub ledgers, so by using this reconaccount we can get the consolidated report. one more thing is we can not do direct postings in …
What is the difference between Secondar ledger and ... - ALLInterview
COA,Calendar,Subledger Accounting methods or Ledger options other than what you have for your primary ledger. For example if you are implementing business for Europe region where the IFRS is …
WHAT IS ACCOUNTING CONVENTION, WHY WILL WE USE IT
Answer / arjun Accounting Convention method is nothing but a accounting method it is a new feature in the R12, based on this method the accounting will be derived for subledger transactios.
What is sub ledger? How is it linked to GL? - ALLInterview
What is sub ledger? How is it linked to GL?Answer / brian mcvicker A sub ledger is used for tracking individual items and transactions separate to the General Ledger (GL). Sub- ledgers may exist for, …
What is reconciliation account; can you directly enter documents in ...
What is reconciliation account; can you directly enter documents in that a/c?Answer / syed gouhr ali Recon accounts of customer and vendor are the GL accounts. The purpose of these recon accounts …
what is finalisation of accounts ? what are finalisation of accounts ...
Answer / prashant amrapuri Finalisation of accounts is the process of following points: Recording all remaing entries Payment and provision of taxes payables Raising of reserves and provisions. …