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Former Member
Feb 10, 2009 at 06:49 PM

Profit Center wise balance sheet and Profit and Loss account

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Hi Experts,

I will explain my scenario

The is cleint having Head Office for handling procurement of goods for all branches(8) and the physical delivery happens for goods at the requested branch and GR and IR also makin at the branch level.

And we are treated each branch as profit center apart from HO(profit center).But the vendor payment should be happen from HO(prfoit center) so and they are not using automatic payment programme.

My question is

1.While doing the vendor (Branch)payment from Cash/Bank GL (HO) how the balances will be tallied ?

2.If I am using the document splitting and zero balance document clearing will it tally at the profit center level ?

3.At the period end if I will do the 1KEK T Code to transfer the payables to the profit center which profit center system will take for posting ?

Please advice me in this and I will give good points with correct answer.