what is the difference between balance, account, none
(automatic offset methods)?
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Answer Posted / 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.
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