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Additional Accounting Line based on custom SLA

edited Apr 19, 2024 9:17AM in Subledger Accounting & Accounting Hub 1 comment

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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