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author's profile photo Former Member
Former Member

Link Between AP,AR,GL

Hai Guru's

How do you give the link between ar, ap to gl a/c

Regards

Rams

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4 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Dec 17, 2008 at 09:20 AM

    AP (Vendor masters) & AR (Customer masters) are linked to GL through reconciliation accounts in GL.

    Other links are established through account determination/account keys from the respective module.

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 17, 2008 at 09:22 AM

    Hii.

    AR & AP are linked to GL through Reconciliation a/c.

    Regards,

    Aakash

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 17, 2008 at 11:38 AM

    Dear friend,

    let me tell you the link between G/L,AR,AP & AA.

    We need to specify the Reconciliation account in the master data of Vendor and customer this is the link between G/L AR, AP, without specifying it also we can create master records,but system won't allow you to make business transactions with vendor or customer. Reconciliation a/c is nothing but the link between Main ledger and sub ledger here the main ledger is rec. a/c and sub ledger is ven. or cus. master, means whenever a transaction takes place with this ven. or cus. system automatically posts the value in the reconciliation account that you have specified in the master record. One thing we need to keep in our mind is while creating the Rec. a/c dont select line item display check box, because system needs additional data storage. If you want to know the line items directly we can call up the Ven. or Cust. line item reports.

    When comes to Asset Accounting, Account Determination is the link between G/L and AA. Under Account determination also called as Account allocation key we specify g/l accounts with respect to that asset class.All transactons with respect to an asset are posted to these g/l accounts.

    Cheers....,,,,

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 18, 2008 at 06:42 AM

    thanks

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