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Create G/L Account to Projetc Stock

Former Member
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Hi all,

I need to create a G/L account to Project Stock, but I don't know how to do this.

I have some doubts:

- This G/L account should be Balance Sheet Account?

- This account is reconciliation account? If so, is Assets, Customer, Vendor, or contract accounts receivable?

- Is there any specific field status group for this G/L account type?

After create the G/L account, I must to create a cost element, ok?

Thanks in advance,

Osmar Tardivo.

Accepted Solutions (0)

Answers (2)

Answers (2)

Former Member
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This message was moderated.

Former Member
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Hi Paulo,

I was able to create the cost element from the G/L account. Firstly, it was needed to assigned the G/L account into the valuation class in the table OBYC.

Thanks.

Paulo_Vitoriano
Active Contributor
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- This G/L account should be Balance Sheet Account?

A: Yes, it is a BS account.

- This account is reconciliation account? If so, is Assets, Customer, Vendor, or contract accounts receivable?

A: No, it is a material account, so talk to the MM person to set up account determination from MM.

- Is there any specific field status group for this G/L account type?

A: Check with the FI GL person who is maintaining CoA.

- After create the G/L account, I must to create a cost element, ok?

A: Yes, cost element category 90 will be created.

Former Member
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Hi Paulo,

I followed the instructions, but when I try to create the cost element the system show me the error message:

G/L account 1103010046 is a balance sheet account.

Balance sheet accounts cannot be created as cost elements in cost accounting, except for:

Asset reconciliation accounts

Material stock accounts for valuated sales order stock for sales orders or projects.

How do I get to create the cost element for this G/L account?

Thanks.

Paulo_Vitoriano
Active Contributor
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That was my answer for your second question! Talk to MM person to set up this account properly in the MM configuration, so that the system will recognise it as Material Stock account.

Cumprimentos,

Paulo

Former Member
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Hi Paulo,

What should be done in MM to the system recoginize this account as Material stock account?

Thanks.