Register now or log in to join your professional community.
• They are predetermined by the ERP software vendor and companies must adopt their GL structure.
• All entries go into a suspense account that an accountant must code correctly at month end.
• All possibilities for entry are mapped to specific codes during the implementation phase.
• Each user must be trained in general ledger coding conventions and manually enter them for each transaction.
All possibilities for entry are mapped to specific codes during the implementation phase
Hi. During the implementation phase a mapping of codes which pre-define the general ledger entries (Dr and Cr) has to be made by the Systems Analyst/ Accountant. Thereafter, depending on the transaction type, the system would follow this pre-defined path for all future transactions.
• All possibilities for entry are mapped to specific codes during the implementation phase.
The mapping of entries can be done as per requirement during implementation phase for inventory, sales, purchases etc.
How does the ERP system know which general ledger accounts to credit and debit based on the type of entry made into the system?
• All possibilities for entry are mapped to specific codes during the implementation phase.
It's developed by ERP experts including team of Software experts, Accounting experts & other departments modules which are developed
Accounting experts i.e. SAP Consultants in FI, CO & etc...,
They provide their blue print before preparing coding for software development
Also, they test these codes several instances before implementing ERP in day-to-day activities.
• Each user must be trained in general ledger coding conventions and manually enter them for each transaction.
• All possibilities for entry are mapped to specific codes during the implementation phase.
Third Option is the right one.
It depend upon operator who should enter exact code besides punching data nature
