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sort method and adjustment account for Regrouping Receivable / Payables

Oct 31, 2016 at 09:53 PM

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Hello

For this configuration, I have see and reviewed answers but not a single one is complete and clear. could anybody please clearly tell me what accounts and how many should be created.

Let us say that under Sort Method Receivables, I have 2 criteria <= 6 months and > 6 months. And the same under Sort method Payables, I have 2 criteria <= 6 months and > 6 months.

With that said, I know that I need 2 recon a/c one each for Customer and Vendor.

questions:

1) For Receivables, <= 6mths, Customer is checked?

2) For Receivables, > 6mths, Customer and Vendor is checked?

3) Do we need to create 1 separate adjustment a/c and 1 separate target a/c for each line?.

which means 2 adjustment a/cs and 2 target a/cs for Receivables <= 6 mths and

2 adjustment a/cs and 2 target a/cs for Receivables > 6 mths

4) Will I have to create new separate a/cs for adjustment and Target under Payables <= 6 months and Payables >= 6 months?.

which means 2 adjustment a/cs and 2 target a/cs for payables <= 6 mths and

2 adjustment a/cs and 2 target a/cs for payables > 6 mths

Is this set up correct – a total of 8 adjustment accounts and 8 target accounts?

Thank you for your help.

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