what is the difference between balance, account, none
(automatic offset methods)?
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Answer / harish gupta
1)If you enable "Balance": It will replace the Balancing
Segment level only while generating an accounting entry for
distributing the invoice. For example, you have raised an
invoice to purchase stationary for company two (02)and your
default liability account is 01.000.000.1241 where is 1241
is a liability account. Now in distribution line you have
given the accounting code combination as 02.111.111.1300
where 1300 is a expenditure account. Now an entry will be
generated in GL as follows:
02.111.111.1300 Dr.
02.000.000.1241 Cr. That means this option will
automatically offset the Balancing segment from the default
segment 01 to 02 in your liability account.
2)If you enbale "Account" the entry will be as follows for
the above example:
02.111.111.1300 Dr.
02.111.111.1241 Cr. That means this option will
automatically offset the all other segments alongwith the
balancing segment in the accounting code combination
without effecting the account head.
3)If you enable "None" then the accounting entry for the
above example will be as follows:
02.111.111.1300 Dr.
01.000.000.1241 Cr That means nothing will be offseted at
any segment in the accounting code combination.Then this
will be an inter-company transaction.
| Is This Answer Correct ? | 24 Yes | 1 No |
Answer / shishir arora
Balnce : Only balncing segment will be copy by Dr. side &
rest will be copy by Financial option.
Account: only account will be copy by Financial option &
rest will be copy by Dr. Side
| Is This Answer Correct ? | 5 Yes | 0 No |
Automatic offset method:
If you enter invoices for expenses or Asset purchases for
more than one balancing segment, you might want to use
aotomatic offset method to keep your payables transactions
accounting entries balances.
Balance : The liabilty account for balancing segment value
take from invoice distribution & rest segment values will
take from invoice header
Account: The libility account for account segment value
takem from invoce header & rest segment values will take
from invoice distribution.
None : The liability account for all segment values take
from invoice header.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / mahamaya
automatic offset method is used to determine how to offset
liability account while creating accouning for invoices.
if the offset method is none while creating accounting for
the invoices which are distributed with multiple balancing
segments will offset with the liability account which is
mapped at supplier site level and later add intercompany
accounts to balance the journal entries.
if the offset method is balancing while offsetting liability
account only balancing segment is derived from the invoice
distribution and remaining all the segments are going to
come from supplier site.
if the offset method is account while offsetting liability
account all the segments are derived from invoice
distribution and the natural account segment is inherited
from supplier site.
| Is This Answer Correct ? | 0 Yes | 0 No |
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