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author's profile photo Former Member
Former Member

Create G/L accounts

Dear sir.

Now, I have to setup a chart of accounts (COA), and my problem is that: my COA has 2 types: parents accounts and children accounts

E.g. parents accounts: 111100, children accounts: 111110 and detailed children accounts: 111111 and 111112

I want to ask you the way to setup these accounts so that all data from detailed children accounts ared posted automatically to children accounts from which parents accounts are also posted automatically

E.g. I enter accounts 111111: 1200USD, and 111112: 1000USD, accounts 111110 is posted automatically: 2200USD



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  • author's profile photo Former Member
    Former Member
    Posted on Feb 22, 2008 at 04:01 AM

    If I understood correctly your requirement,

    You can use reconciliation account.

    For Example :

    You have G/L Account : 111110 and then define the "111111 and 111112" as subledger (let say the reconciliation account type = vendor account.). So every time you post value to vendor accounts ("111111 and 111112") , they will automatically update the G/L account : 111110.

    If the reconcilliation account can be used for your requirement, you can define the reconcilliation account type for each G/L account in FSS0.

    Hope it helps.

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