how accounting transactions in AP module??
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Answer / srinivask
Invoice entry:
Invoice AP accrual a/c debit
AP liability a/c credit
Invoice payment:
AP liability a/c debit
cash/bank a/c credit
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / srikanth
In the Case of client using Cash Management
Invoice Entry:
AP Accural a/c to AP Liability
Cash Management:
AP Liability Ac to Cash Clearing A/C.
Invoice Payments:
Cash Clearing Ac to Cash
With out Cash Management
AP Accural Ac to Liability Ac
Liability Ac to Cash Ac
| Is This Answer Correct ? | 5 Yes | 1 No |
Can any one please tell me when and how the a/cing entries will be generated from various modules when the transactions are generated Please help me in this matter Thanks KNRao
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