Wht is Contra

[MMRAPPS]

Hi,

Can any one explain me wht is Contra. Whn we use this.

I have Mr.X as my supplier and Customer. Is is possible to have same person has my Customer and Supplier.

If I want to see his balances in AR wht is the program I need to run? If I want to see his balances in AP wht is the program I need to run?

If I want to see both his balance at a time wht is the process? which program I need to run for this?

Pls help me out.

Rgds,
Raj

[ahsan.global]

Hi,

yes you can define and see customer and supplier with the same legal entity.

regards

Ahsan

[AmanKhan]

Hi Raj,

You can define same person as supplier and customer in AP & AR respectively.

You can either view the balance of supplier or customer in separate inquiry in AP or AP, but you cannot view the adjusted balance of same person in one inquiry from AP or AR.

There is feature AP/AR netting or Supplier Customer Netting in AP but i am not sure about that feature.... Can anyone explain it ?

thanks,

AmAn