Hi,
What can be different business requirements under which one will go for Balancing or Account offset method?
Also, how is automatic offset linked with intercompany?
Elaborate explanation will be apreciated.
Regards,
Dnyanesh
Automatic Offset Business requirement
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Hai
In Payables Whenever we record an invoice by default liability
account is defaulted from Supplier site level. If distributions are done for
multiple balancing segments then liability account has to charged
separately between all the balancing segments. Henceforth we set the
automatic balancing offset method. For cost center distributions we set
automatic account offset method. this is done for invoice level.
Regarding Payments enable Pooled account inorder distribute funds
between cost centers and balancing segments
Reference:
www.oracle.anilpassi.com (financial articles)
rajasekhar.
In Payables Whenever we record an invoice by default liability
account is defaulted from Supplier site level. If distributions are done for
multiple balancing segments then liability account has to charged
separately between all the balancing segments. Henceforth we set the
automatic balancing offset method. For cost center distributions we set
automatic account offset method. this is done for invoice level.
Regarding Payments enable Pooled account inorder distribute funds
between cost centers and balancing segments
Reference:
www.oracle.anilpassi.com (financial articles)
rajasekhar.
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