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author's profile photo Former Member
Former Member

special gl indicator

Hi Gurus,

1) the reason to have spl gl indicator is because we cannot post to customer or vendor gl recon account yet when certain transaction done with customer or vendor as the amount not yet recognised so must post to another recon account which is this special gl account. then later only offset from special gl account to customer or vendor recon account. correct?

if my understanding correct, maybe can help to rephrase my sentence.

2) spl gl indicator only for subledger customer and vendor only, right?

thanks

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 24, 2007 at 02:58 AM

    Special purpose GL is used when you want to track a amount at vendor level or customer level for amount which is different from the regular transaction.

    example if company want to track down payment made to vendor at vendor level . you would use SP GL to do it.

    note SP GL is linked to a reconciliation account. no entry can be posted to it directly.

    Special GL can be used only AP,AR

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    • Former Member Former Member

      Special Gl ledger is also called as alternative recon a/c.

      This is linked to Recon a/c of cusomer or vendor

      This Spl gl is used for Down paymet(Advance) from cusomers or for vendors and Bill of Exachange etc.

      Whenver invoce raised then the Spl gl balence is transferd aginst such invoice to normal a/c.

      In Bills of Exchange when the bill is honoured then it clears the bank liability.

      Assign points if usefull.

      Regs,

      NSB

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