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Account Entry-

HI Experts,


our client as service based process




we would like bring to your notice that the ledger accounts should be mapped as given below.

For Ex:

Revenue Rs. 100 - Revenue Ledger – under income head

Discount Rs. 10 - Discount allowed – under expenses head.

  1. i.e the revenue account should reflect Rs. 100 & Rs. 10 should reflect in expenses head instead of adjusting in the revenue account.

Thanks

Dineshkumar kannan,

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1 Answer

  • author's profile photo Former Member
    Former Member
    Posted on Jun 03, 2014 at 01:21 PM

    Hi Dineshkhumar Kannan

    This is not possible in SAP Business One as it works on net sales and does not cater for a splitting of the discount to a separate G/L account when using the discount % column function. What you can do is to look at adding 2 freight columns, 1 to increase sales and the second to post to the discount account.

    The result will be as follows:

    Row Total = 90, Freight1 = +10 and Freight2 = -10

    The total will still be 90 as the Freight1 & Freight2 cancel each other out on the line.

    Your G/L Posting will be:

    Row Total = Revenue Account CR 90

    Freight1 = Revenue Account CR 10

    Freight2 = Discount Account DR 10

    You would need to put FMS on the Freight columns to calculate as necessary.

    Hope this helps

    Kind regards

    Peter Juby

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