Dear All
Its urgent requirement from our client we need to replace the accounts in FA module option. Presently we have two accounts one is for Gain & one is for loss. we want to keep one account for both. If we Replace these accounts what will be the impact on Accounting ?
urgent reply plz
replace of accounts in FA Options
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Hi,
There won't be any major impact in accounting, the only difference will be that you won't be able to get balances for gain/loss differently .....what you will get is the net balance i.e total gain or loss due to entries passed.
Actually you can also get individual gain/loss by summing the net cr or net dr
There won't be any major impact in accounting, the only difference will be that you won't be able to get balances for gain/loss differently .....what you will get is the net balance i.e total gain or loss due to entries passed.
Actually you can also get individual gain/loss by summing the net cr or net dr
You can very well have both gain and loss as same account. The next time when you create accounting, system will post the gain/loss in retirment to this account. If you want to have different account for gain nad loss, you can do so anytime. This will not have any effect on the closed FA periods.
Cheers,
Saravanan TG
Cheers,
Saravanan TG
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