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Former Member
Oct 27, 2012 at 03:38 AM

PnL account in Investment Mamagement

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Hi

my client has specific requirements of capital planning, budgeting, depriciation forecast, and some Z reports to be developed on that basis. To assress this I am implementing Investment management. The transaction process will be as under -

1. Cerate Internal order (as investment measure) and AUC with it.

2. Create PO with Internal order assignment

I have a problem at the time of GRN with respect to the GL account -

The accountin entry at the time of GRN is -

Expense DR (P&L) - This is also cerated as a cost element

GR/IR CR

The user wants to use a balanse sheet account instead of expense. My understanding of the system says that we cannot use a balanse sheet account, firstly because the system will not allow creation of balance sheet item as cost element (except in some cases like asset recon account) secondly i think the solution design is like that so we need to have the PL account.

The entries that the client wants at GR is -

Balance Sheet DR

GR/IR CR

Please share your views and also let me know is there are any possibilities of cerating the GL acount BS account and using the Investment Management Solution.

Thanks a lot