General ledger (GL) and subledger Modern accounting software is designed to allow both journal entries and automated subledger entries to automatically populate the general ledger, allowing CFOs and controllers to have a real-time view of their financial data. ...
When the goods are received, the expense account in SAP is debited (charged), and the GR/IR account is credited. But, when an invoice is entered, the GR/IR account is debited, and the provider's/vendor's payables account (liability account) is credited. When the quantities on the recei...
A general ledger, or GL, is a record of your company’s financial transactions, summarizing all accounts in one place. It’s a good idea to use general ledger software to manage the data as it can be quite complex to do so manually. The GL typically includes five account types: Assets...
When inventory is received or sold, ERP systems can automatically update inventory levels and generate corresponding accounting entries. For instance, when goods are received into inventory, the system increases the inventory asset account and records the corresponding accounts payable entry. Fixed Asset ...
Change the value of “G/L Account Not Used” to “No”. The account will now be included in the open BCP. Please also recheck the “Blocked for Posting” field as it is automatically also set to “Yes” when you set the “G/L Account Not Used” flag via the G/L account ...
What is the Incoterm “Free on Board” (FOB)? Free on Board (FOB) is an Incoterm which dictates the shared responsibility between buyer and seller. A standard FOB arrangement states that the responsibility for the goods remains with the seller as far as the port selected for shipping. At...
Workflow managers can delegate workflow tasks, and thesaaccount can delegate workflow tasks. Vendor approval enhancements The vendor approval workflow has changed for you to submit to workflow if the vendor hold status is changed, or when the document attach status is updated for the vendor. ...
Procure to pay is a process, not a technology, though software can handle the entire procure-to-pay process or components of it, such as invoicing.
Is there a bypass or another method?" Do we have a way to distribute the Authenticator App for such situations? Best, Chris
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