We all know SLA is rule driven to derive accounts for create accounting process. If you are not using standard (seeded) accounting rules, but have created a new one with a new application accounting method for a specific application, how create accounting program uses these rules to derive correct accounting? We talked about SLA earlier […]
Before going into any detail, let me take you into accounting world for a brief moment. Fundamentally accounting is based on two methods : Cash Basis or Accrual Basis. Accrual Basis Accounting Under the accrual basis accounting, revenues and expenses are recognized as follows: AR: Revenue recognition: Revenue is recognized when both of the following […]
Back in 2009, I needed WIP completion transaction also be part of the Asset Creation process for depreciable items in Asset Tracking. The base was either R12.0.4 or R12.0.6, i don’t remember. But traditionally, for depreciable items, following transactions are supported to create an asset in FA while the asset is still in Inventory. Miscellaneous Receipt […]
One of many cool features in SLA is creating manual journal entries. Many times we have a need to pass manual entries to reverse the entries happened a source transaction because the account is wrong or date is wrong or even the value is wrong. All sub ledgers give you a way to reverse the […]
As discussed in the earlier article Asset Tracking is all about two kinds of items: Depreciable and Normal Items. I already discussed normal items with simple inventory transactions earlier. Let us discuss depreciable items in this article. This is very peculiar situation where you will be receiving items into inventory and at the same time […]
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