Hi,
Can anyone please clarify what the item category does in case of new GL accounting.
Suppose we have various item categories 20000, 30000,01000. What is the fucntion of each item category.
Suppose for revenue account, if I assign item category 20000(expense) what is the impact. Suppose for balance sheet accounts if I assign 30000(revenue), what is the impact.
Please let me know.
Thanks
Aravind