Additional Accounting Line based on custom SLA
Summary:
The client's primary ledger has the Standard Accrual accounting method and now customizing the same. The client wants to record the additional journal line based on collection to recognize the revenue based on cash collection.
Note below example - Budget Group 8 for Accrual Accounting and Budget Group 1 for Cash Accounting
So, the standard SLA is generating accounting for collection as
Bank Account.Budget Group 1 | Debit |
---|---|
Receivable Accounting.Budget Group 1 | Credit |
After customization it should generate additional below lines along with Standard line as
Revenue Account.Budget Group 8 | Debit |
---|---|
Revenue Account.Budget Group 1 | Credit |
Receivable Account.Budget Group 8 | Credit |
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