New GL – Document Splitting

So this is called parallel ledgers. Parallelly, we are maintaining 0L ledger, D1, D2. So like this, any number of ledgers you can post. And at the time of posting, you can choose. So enter General Posting for Ledger Group. So what you can do, you can choose any ledger group. Whatever you want, [...]

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New GL

Next is New GL.  New GL is one of the very, very important topic, and this is going to be the last and final topic. Here in case of new GL, what is meant by new GL, that is the purpose of new GL, all those things we’ll see. Let us have an introduction of […]

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CO – Profit Center Accounting 2

So yesterday, we have created profit center and profit center group. Go to change KCH2. DRCA is our controlling area. So we have created bulk drug product 1, bulk drug product 2, pharma product 1, pharma product 2.  And similarly, Cost Center Accounting, Master Data, Cost Center Group, Change. [...]

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CO – Profit Center Accounting 1

So Budget supplement.  So if I want to increase the budget, what I can do? Go to KO24 – Change.  Now previously, we have already done for 2013, 1 lakh budget is given. And now what I can do is, I can increase the budget. Say for example, 25,000 I want to increase.  See, it […]

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Controlling

So under controlling, these are the major topics that we are going to see: Basic Settings in CO. Cost Element Accounting  Cost Center Accounting.  Assessment and Distribution Internal orders Profit center accounting  Product Costing (overview) Profitability Analysis (overview) So these are the [...]

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Bank Reconciliation Statement 2

So we were going through the EBS, electronic bank statement settings for Chart of accounts, DRCA. So, with reference to that, we have created certain accounting symbols.  See, we have created certain account symbols. These are all account symbols: DRLB bank charges, DRLB cheque issued out, [...]

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Bank Reconciliation Statement 1

Now next, we’ll take up bank reconciliation statement. Again, bank reconciliation statement I think most of us have studied it in BCom long back. We don’t even remember the the full form of the BRS also. So BRS means bank reconciliation statement. First of all, my first question is, [...]

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Foreign Currency Valuation 3

So now whatever the foreign currency valuation that we are going to take up, so foreign currency valuation, we have to do it with the help of an execution cycle.  So the path for that is Accounting, Financial Accounting, General Ledger, Periodic Processing, Closing, Valuate, FAGL_FC_VAL – [...]

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Foreign Currency Valuation 2

So this is a document which we have seen yesterday: So on 01.10.2013, imagine that we have purchased raw material on 45 days credit term. So at the time, the exchange rate is going to be 60 rupees against 1 USD. So raw material account return to vendor account when you purchase material. So 100 [...]

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Foreign Currency Valuation 1

So loss on foreign currency valuation unrealized account return to balance sheet adjustment account. So this balance sheet adjustment account is nothing but that will be nullified. And, because now since there is a increase in the exchange rate, I need to book this expenditure because I need to [...]

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