Same G/L account and Same currency in diferent Cash Journal

[Former Member]

Dear All,

i am in Implementation project, my client is constraction com. they have no. of sites they want deferent "Cash Journal" means (site wise Cash Journal )

can i use same G/L account with same currency for all the sites. same time we maintain Site wise Profit Center in my configuration.

Please let me know................ if any farther problems........

Regards

radha

[Former Member · Accepted solution]

Hi,

You are going to maintain different Cash Journal for different sites and for clarity it will be better if you maintain different GL accounts in current assets otherwise, the reconciliation will be a problem in future.

Best regards,

Sadashivan

[Former Member · Accepted solution]

This message was moderated.

[sanilbhandari · Accepted solution]

Hi

The issues:

1. What would happen in case there is a site audit by the tax authorities. In such a case, they would look at the ledger ang not only at details for a particular penter.

2. even if you restrict the user to a profit center, there could be a chance of forgetting some user for restriction and that user posts to a particular profit center. If such a scenario happens, how would you tally the cash

The ideal way is to have a seperate GL for each site cash book and that is a normally accepted busines spractice

Regards

Sanil Bhandari

[Former Member]

Dear All,

I used def. GL account for each Cash Journal (Site wise)

Regards

Radha

[Former Member]

Hi,

Its better to have different GLs than having different profict centers for the same GL.

That way recon would be easy and tracking opening balance, closing balance and current balance would be easy.

There is no point maintaining profit centers just for this purpose as if these are used elsewhere, that would be a problem again.

Caio

Raghu

[Former Member]

Hi,

Yes, you can use the same GL account with same currency but you will have to maintain seperate cash journal id for each site.

But I would suggest that you have seperate GL account as there will be a better control. The cash in hand for a site will be reflected in the GL account specific to a cash journal. If you have a common GL account, tallying cash in hand for each site will be difficult. you will have to refer to individual cash journal for it.

Thanks and Regards,

Anit

[gradicopoulos]

Hi all, there is not a standard SAP way that provide the opportunity to populate the cash journal codification in FI journal entry?

[gradicopoulos]

Hi all, there is not a standard SAP way that provide the opportunity to populate the cash journal codification in FI journal entry? by this way we will have the opportunity to have only 1 G/L account and by the different dimensions (cash journal codifications)