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Understanding of GL [message #209530] Fri, 15 December 2006 06:39 Go to next message
prashant_pathak
Messages: 263
Registered: February 2006
Location: California,US
Senior Member
Hi All,

I am new to GL though i have some basic idea but fundamental is not
strong as finance person.
I just wanted to GL setup related functionality.

Generally basic setup for Accounting flexfield starts with value set
and various step as follows.

1) Value Set
2) Key Flex field (segments)
3) Segment Values
4) Entering Account Combination
5) Account Alias
6) Security Rules.

In Step 2, at time we are creating segment we have to set Flexfield
qualifier for accounting flexfield.I know the literal meaning of this
too but wanted some example how to assign qualifier to each segment
functional. Like company -> Balancing?

What is the basic brainstorming goes behind this?

Thanks in advance
Prashant Pathak
Re: Understanding of GL [message #209812 is a reply to message #209530] Sun, 17 December 2006 23:57 Go to previous messageGo to next message
vin_odks
Messages: 153
Registered: July 2006
Location: -
Senior Member
Hi,

After deriving you structure, it is necessary to add functionality or in other words assign little bit of intelligence to them.


Suppose.,there is an entity in your organization where the reporting is to be done on on the highest level..
How do we classify them ??

Suppose., there is an entity in you organization where the recording and reporting is to be done for the cost department
How do we classify them ??

Suppose.,we need to record transaction based on its activities
like (liability account or asset account)
How do we classify them ??


This process of organizing and classifying various entities is derived by the flexfield qualifier and segment qualifier

Hope it gives some insight!!

Regards
Vinod
Re: Understanding of GL [message #209872 is a reply to message #209812] Mon, 18 December 2006 04:14 Go to previous messageGo to next message
sridhar_6735
Messages: 5
Registered: April 2006
Junior Member
Hi

download my book from www.erpstuff.com from documents section. its free and will give you idea of all financials module.

sridhar
Re: Understanding of GL [message #209915 is a reply to message #209872] Mon, 18 December 2006 08:11 Go to previous messageGo to next message
prashant_pathak
Messages: 263
Registered: February 2006
Location: California,US
Senior Member
Thanks a lot for the reply
Re: Understanding of GL [message #210061 is a reply to message #209812] Tue, 19 December 2006 03:03 Go to previous message
hitenm
Messages: 18
Registered: November 2006
Location: Mumbai
Junior Member

Very Well Put, Vinod.
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