What is Auto Accounting in Receivables?
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Answer / srinibas
Auto accounting is an functionality in receivable which
creates accounting code combination automatically when we
compete an transaction in receivable,
It create code combination for revenue /ac,
receivablea/c,tax,unbilled receivable,unearened revenue
etc .for this we have to set up auto accounting all of
these accounts to define from which source these account
will extract value for eac segment
Is This Answer Correct ? | 21 Yes | 1 No |
Auto accounting creates accounting code combination while
entering txns.
For this you have to define Auto accounting for
receivables,revenue,un billed receivables etc.
Receivables:
SET UP-TRANSACTION-AUTO ACCOUNTING
SELECT OPERATING UNIT,SELECT TYPE AS RECEIVABLES,REVENUE ETC
SELECT SEGMENT NAME,TABLE NAME OR CONSTANT
EX: COMPANY AS SEGMENT NAME ,CONSTANT MEANS SELECT COMPANY
CODE (EX:::01 FOR OPERATIONS)
IN THE SAME WAY SELECT DEPARTMENT,ACCOUNT(RECEIVABLE
A/C),FUTURE VALUE.
AND SAVE IT
Is This Answer Correct ? | 1 Yes | 0 No |
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