sap business one account nature

[esammo]

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.

[Maya_Shiff]

In addition to @Joselito 's answer, I can also recommend chapter 3: "The Basics of Financial Accounting" in SAP Business One To Go manual

[Joselito]

The existence of different Drawers in the Chart of Accounts of SAP Business One is the way to organize and provide sums and subtotals of the General Ledger Accounts in the Financial Report Templates. The reports are presented according to the accounting practices to present Balance Sheet, and Profit and Loss

Depending on the localization, The company comes already with a preset Chart of Accounts.

I recommend to review the Training 'B1_FinSetup_LM_EN_10_01' in Learning Hub, see 'Chart of Accounts Concepts'. For a detailed explanation.

Hope this helps

 

[gonzalogomez]

The system does not understand natures or origins, it depends on where you locate the account and in what transactions you parameterize or use it.

[Joselito]

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.

[esammo]

thanks for ur time Joselito. I would like to mention that am talking about an account that has nothing to do with the determination. and as I know there are accounts with a debit and credit nature under Asset drawer. I didn't find anything that helps me to identity the nature of my new account whether I want it as a debit nature or credit.