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AP Invoice (Cash Advance) Accounting Issue — Cloud Customer Connect
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AP Invoice (Cash Advance) Accounting Issue

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edited Jan 30, 2019 4:31PM in Subledger Accounting & Accounting Hub 2 comments

Summary

AP Invoice (Cash Advance) Accounting Issue

Content

Setup : Manage Chart of Account Value Set Values

Account : 2XXXXXX
Account type : Liability
Third party control account : Third Party Control Account
Financial category: Accounts Payable

Problem summary:
Created Cash Advance in Expense Management module
Approved by Supervisor
Approved by Auditor
Processed reimbursement request which generated the Payable Invoice
Invoice Validated in Payable Module
While Creating Accounting Entries (Post to Ledger) for this Invoice it gives following Error.

Error :-"The Account 1XXXX.00000.00000.2XXXXXX.00000.0000.00000.000000 is a third party control account but third party information is not present for the journal line.

We need to enable the Receivables and Liability accounts as third party control account for customer and supplier. This is required in order to run the reconciliation process for Liability and Receivables.

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