Inventory data G/L account

[Former Member]

i want to know how to use the set G/L account by WAREHOUSE,ITEMS GROUP and ITEM LEVEL in item master data->inventory tab.

n how it work's??

and what is the effect of that in the particular item?????

help me

[Former Member]

Hello Sachet,

Configuration of G/L account totally based on how we going to represent ledger balance on balance sheet,Trail Balance and profit & losses statement.

suppose let we take example of Current stock of Row Materials.

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Set G/L account by ITEMS GROUP----

If your client want to show ledger amount group wise(Raw Materials,Semi finished Materials And Finished Goods in balance sheet or SAP financial report.

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Set G/L account by ITEMS Level----

Client want to show ledger amount Item Wise( Finished Goods1,Finished Goods2 and Finished Goods3 or same raw materials) in balance sheet or SAP financial report.

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Set G/L account by Warehouse wise l----

Client want to show ledger amount warehouse Wise(Store,Finished good and other location warehouse) in balance sheet or SAP financial report.

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And whenever you make transaction(Inventory Movement) on the particular item then first SAP check which type of configuration(Set G/L account ) is set according this SAP pick those ledger for auto posting on the transaction.

For Account mapping you should discuss company accountant or CA then it will easy for you

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Hope this will help

Thanks

Manvendra

[Former Member]

Hi,

Check this:

Thanks,

Gordon

[Former Member]

can u please explain i didn't get any thing.

[Former Member]

Try this then: