Financials for India - EBS (MOSC)

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GST accounting of Ship only sales in GST

edited Jun 29, 2017 5:00AM in Financials for India - EBS (MOSC) 1 commentAnswered

Hi,

We have scenarios, where we are creating ship only sales order for sending materials for Sampling and other scenarios. When we do ship confirmation we have an accounting entry getting created like Supense account debit and liability credit. The GST functionality as we understand, this suspense account will get closed when we create AR invoice. If the sales order is ship only, then how does the suspense account get closed since there will not be any AR invoice.

Should this be closed manually in GL ??

Thanks,

Ram

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