Answer Posted / hannah
Hi,
Customer and vendor accounts are sub ledger G/L's. We will
have to create two reconciliation G/Ls in viz.
Reconciliation G/L for Customer and Vendor in chart of accounts.
After, while creating customer and vendor master records, we
have to mention respective reconciliation G/L in their
company code segment details. This reconciliation a/c will
show you the net balances in G/L for customer and vendor a/cs.
Without creating Vendor you can still create individual G/L
for each customer and vendor , but then
1) Your list of G/L's in chart of account will be very lengthy.
2) Duplication of work as SD/ MM people are also required to
create their own list.
3) Cross company code consolidation will not be possible as
the chart of accounts will be different.
4) Very difficult to keep track of individual customer/
vendor a/cs.
5) Not advisable even in real time accounting system i.e.
manual book keeping.
Thank You.
Is This Answer Correct ? | 9 Yes | 5 No |
Post New Answer View All Answers
What is a quotation? : fi- accounts payable
what is child order
What is an intermediate bank? : fi- general ledger accounting
Explain ‘controlling (co)’ in sap?
What is an asset explorer? : fi- asset accounting
What do you mean by operation scrap and how is it maintained in sap?
How do you create tasks? What is the max number of tasks you created in your previous projects ?
What is gl master record? How is the field status of gl master record maintained?
What is apc?
What is a functional area in sap ?
What is a mixed cost? : co- cost center accounting
How do you generate reports in treasury? What format are they generated in?
how to delte g/l if transaction are updated. :- hi expertise how to delete the g/l a/c if the transaction are updated in. whether any possibility to delete. let me know. thanks in advance
Can one chart of accounts be assigned to several company codes?
1.how can we convert VAT Return Filing in SAP? 2.How can we configure Form "C" report in SAP ?