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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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