Hi,
Can anyone please help me with one doubt that I have regarding accrual scheme functionality.
I have done accrual scheme setup for 12 months.
Now in my case we are using internal project type and are creating PO for services. In some cases PO created for the entire year are being received at the start of the year as the entire amount need to be paid together(ex: license fees). So the product receipt is being done at the start of the year and the cost is being charged to the account code.
So in this case we pass the journal from account code to prepaid expenses & then amortise such expenses on monthly basis. For amortising we are trying to use accrual scheme functionality.
Now we are creating general journal with Project 1 & category account ......dr
Prepaid expense a/c cr
So after applying accrual scheme when I am trying to post the journal I am receiving the below mentioned error -
"Account number for transaction type Ledger journal does not exist."
I have checked the posting profile for the selected project id and category combination.
Doubt which i have is that system does not allow to post journal with 'project' account type. Can anyone confirm this ??
Or suggest a better approach to handle this kind of scenario.
