| Paybles_set of Books [message #218150] |
Wed, 07 February 2007 00:25  |
mgkgsg
Messages: 31
Registered: December 2006
Location: INDIA
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1.Why we choose set of books in payables again when we already attached it by profile options?
2. in which other modules we have to follow same procedure of opting SOB again?
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| Re: Paybles_set of Books [message #218485 is a reply to message #218150] |
Thu, 08 February 2007 06:45  |
sujatha_mu
Messages: 55
Registered: October 2006
Location: pune
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Hi,
1.Why we choose set of books in payables again when we already attached it by profile options?
-- This setup part is done in payable options - accounting methods region - specify your primary Accouting Method and primary SOB, also specify your Secondary Accounting Method and secondary SOB.
--Choose set of books in payables - Your organization uses account structure, accounting calendar, and functional currency to record transactions in Payables
2. in which other modules we have to follow same procedure of opting SOB again?
--Also in receivables in the setup of system options u have to specify your SOB and accounting methods of your organization.
Regards
Sujatha
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| Re: Paybles_set of Books [message #218492 is a reply to message #218490] |
Thu, 08 February 2007 07:16 |
sujatha_mu
Messages: 55
Registered: October 2006
Location: pune
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For ex:- if your primary accounting is accrual basis of accounting and secondary accounting is cash basic of accouting
Payable options -You have to choose two things
1. Primary Accounting of your org - accrual basis of accounting
2. Secondary Accounting of your organization - cash basis of accouting
For this attach SOB
primary accounting attach primary SOB - for ex:- Cust SOB
secondary accounting attach primary SOB -for ex:- Cust one SOB.
Now u choose SOB for your payables which is one time setup.
Based on this SOB (calendar,currency,accouring flexfield str)transactions in payables gets recorded.
Regards
Sujata.
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