payables (Automatic Offset)

[karthik]

Hi,

Any one can answer me wat is mean by Automatic offset in payables,and if we enable this option where we can see the effect ?

[sniffing]

If You enable Automatic Offsets using the Balancing method, and your Accounting Flex field structure is Balancing Segment-Cost Center-Account. Your default liability account for supplier site ABC is 000-000-2300. You enter an invoice for supplier site ABC and distribute it as follows:
DR Expense 101-100-4500 $60
DR Expense 200-201-4610 $40
Payables records the following liability account offsets:
CR Liability 101-000-2300 $60
CR Liability 200-000-2300 $40
Example. You enable Automatic Offsets using the Account method, and your Accounting Flex field structure is Balancing Segment-Cost Center-Account. Your default liability account for supplier site ABC is 000-000-2300. You enter an invoice for supplier site ABC and distribute it as follows:
DR Expense 101-100-4500 $60
DR Expense 200-201-4610 $40
Payables records the following liability account offsets automatically when you account for the invoice:
CR Liability 101-100-2300 $60
CR Liability 200-201-2300 $40
Hope this helps.

Thanks,
Kiran

[anu_uma]

Hi,
If you change the automatic offset ( balancing, automatic or none) and you can see the effect in the Accounting entries...

Check in the test instance or in vision instance.

<font color="blue">If you enable Automatic Offsets, you cannot use any of the following Payables options:
</font id="blue">
Allow Adjustments to Paid Invoices Setup=>Options=>Payables=>Invoice Region)
Allow Reconciliation Accounting (Setup=>Options=>Payables=> Accounting Region)
Automatic Withholding Tax (Setup=>Options=>Payables=>Withholding Tax)


Regards

[karthik]

Thnx kiran