on 10-21-2008 12:45 PM
Hi All
While posting customer invoice (FB70) why system asks for G/L account? As per accounting rules customer is debited and Customer reconciliation a/c is credited that ends double entry book keeping rule. Why one more G/L account on top of Recon a/c, which is posted automatically
Hai
Entry gets posted to Customer a/c through reconciliation account. You have to give a GL a/c for revenue.
Your entry would be
Customer (Reconciliation a/c) Dr
To Revenue Cr
Reconciliation is a fictious entry so you cannot consider as an entry to be entered by the user. This rule is derived from the fact that 'we cannot enter/post directly to RECON account'.
That is why system needs a GL account to make the account balance as zero. Manual entry could be:
Customer a/c Dr
To Domestic Sales a/c
(Sales invoiced posted)
Recon entry is automatically made once you post this entry since you have configured your RECON in the IMG.
Regards
Raghavendra.M
SAP-Practice
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Hi
Customers a/c are in sub ledger and as group they will be in GL account through recon account.
System asks another GL account for mapping.
Cheers
Srinivas
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