Use of automatic offset method?
Answers were Sorted based on User's Feedback
automatic off set method you can create multiple liability lines ,that away all balancing segments should be debit equal to credit ,
we have 3 types is there, such as
like 1.none 2.account 3. balance------these options there will show payable options is there
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / cnubandi
If you enter an invoice for expenses or asset purchases for
more than one balancing segment, you might want to use
automatic offset method to keep your payables transaction
accounting entries balanced.
If we enable balancing as a automatic offset, payable
builds the offset GL account by taking the balancing
segment value from the invoice distribution and overlaying
it on to the appropriate GL account, i.e liability account
from the supplier site.
If we enable account as automatic offset, it takes the
opposite approach with one segment being retained from the
default GL account and all other segments being retained
from the invoice distribution
| Is This Answer Correct ? | 1 Yes | 2 No |
How can FSG be generated to provide dynamic report i.e. current month, previous month and 2 months before balances for a given period?
If parent Co. is India & subsdy at USA and need reporting for all the branhces trail balance in one report. how the chart of account should design.? is there need for consolidation?
I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thank you in advance for your help.
8. what is AIM document
How can I get the Profit & Loss (P/L) report of a period in GL ? plz tell me the parameter name if it required me to submit a new request ?
What is profitability? How do you map 'segment wise profitability' in Oracle?
Why should we run "Replicate seed data" program??
what is the difference between conversion,customization,inbound and outbound programs ?
how accounting transactions in AP module??
What is use Security list maintain program
Define Requition?
Grouping Rules and Line Ordering Rules