What are the Distribution Type while entering the Invoice?
Answers were Sorted based on User's Feedback
Answer / sudha
Distribution set contains the information about the expense
heads and the ratio in which each of the expense head
should be debited.
2 types-
1. Full - Expense accounts & Ratios
2. Skeleton - Only Expense accounts
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / mahesh .gudeti
Distribution types:
It is used to Allocate the invoice amount accross the lines based on the percentage is called as a distributin set.
there are two types:
1. Full distribution set
2. Skeliton distribution set
1. Full distribution set: here we know the amount,account
and percentage.
percentage should be 100%.
for example : room rent
2. Skeliton distribution set: here we know the account
but we donot know the amount and percentage
here percentage is 0%
for example : eletricity bill.
Note : finally depends on situation we have to use above destribution sets.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / mallikharjuna reddy nossam
Distribution set is to automatically distribute invoice amount into the different gl account code combination.
we have 2 full distribution sets such as
1.full distribution set
2.skelton distribution set
1.full distribution : means we know the exact percentage and we know the exact account code combination
2.skelton distribution: where as in skelton distribution we dont the percentage but we know the exact account code combination. but percentage should not be entered here.
| Is This Answer Correct ? | 0 Yes | 0 No |
HI, once we create the standard invoice then we can get journal entry item expense a/c-dr to liability a.c then item it will reflect through inventory, but liability a/c . it will reflect from GL , it is possible .
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