on 04-07-2024 3:51 AM
in sap business one. I have created an account under Asset drawer. how does the journal entry
will identify the new account whether it was debit (Asset account) or a credit account (Liability). was it the drawer that grant this information to the new account or something hard-coded behind the scene. I didn't get it. am not an accountant but am trying to learn what goin on in the proper way.
Just to add to my previous reply
There is no differentiation on technical side and for B1, between Account Type 'liability' and 'asset'.
The differentiation is between Accounts that belong to Balance Sheet , and apart, Accounts related to Profit and Loss (the Expenses and Sales). Serving to either the Balance Sheet or The Profit and Loss Report
The behavior on the automatic posting in debit or credit, in positive or negative sign, when applicable, will not be affected by the position in one or another drawer, it depends on the GL Account Determination set for the Business Partner, Item, Warehouse, etc when used in a certain Business Process (a Purchase, a Sales, etc).
When you create a Manual Journal Entry outside any business process for which there is a GL Account Determination, you can select any GL account (Balance, Sales, Expenses) or even a subledger account, and post in positive or negative sign, in credit or in debit at user discretion.
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