Showing posts with label vendors. Show all posts
Showing posts with label vendors. Show all posts

Sunday, 20 March 2016

Head Office and Branch concept demostrated for both Vendors & Customers

Head Office and Branch Accounts

In some industries,branches of a company sell their goods independently but the accounting for these sales is performed centrally (at the head office). You can represent this type of organizational structure in the R/3 System by using head office and branch accounts.

First you need to create head office and branch accounts. The sales orders are managed in the branchaccount. The sales and transaction figures, however, are not posted to this account but rather automatically to the head office account. Payments are cleared centrally by the head office, meaning that outgoing payments can be made for several branches in one step, using the head office account.

SAP FICO Material and Certifications