on 12-20-2017 11:05 AM
A customer wants to change the expense account used during revenue recognition run from Expenses - Services (Internal) to Cost of Goods Sold. To make this change, the GL Account type of the Cost of Goods Sold needs to change from Cost fo Sales to Allocated Costs.
Is this the right way of doing it? Would this not affect other account determinations using this GL Account? If so, what is the best way of doing this?
Thanks
Hi Pierre,
Be it from any account type where the GL Account belongs to, but if you want to assign to the original expense account or replace a GL account resulting from revenue recognition then
the account type is Allocated Costs.
Note: if there are any postings that are already done, then you will not be able to change the account type of the gl account.
You can change the account type for a G/L account under the following conditions:
This information is documented in the help document < Display and Edit Chart of Accounts > from this help document click on the link for <Account Type>
Thanks
Lokesh Sharma
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