What is the On-Account credit.?

[rajendra.kandula]

hi

This is Rajendra. Can anybody tellme the answers of the below 2 questions?

1) In Receivables: What is the On-Account credit.? and tell me in details what is main purpose of Transactions types? what is diff b/w Transactions sources and Transactions types.?

2) In FA: What is Prorate Conventions how it will effect in FA?

Regards,
Rajendra.

[hbabhu]

Hi,

Transaction type is group of invoice, without transaction type u can't able to create a invoice in receivables....

transaction sources is determine the sequence numbering of invoice whether it's manual numbering or automatic in invoice

two type of sources is aviable one is manual another one is automatic

Manual type it's used only in manual type invoice only it's not support to import invoice from feeder sys...But another type is used for during auto invoice process..

Prorate conversation:

this is used for calculating the depreciation of assets...in FA module..

i hope now u got some ideas ...

[anusha_rao]

hi
let me simplify this on account generically,
suppose you are a regular customer purchasing several goods at a shop.
in a month you paid extra amount or excess invoiced.the excess amount is adjusted to wards any good you purchase in future
rao
senior apps consultant
chennai