Hi Yogesh I hope I understand the situation clearly now. So axapta system you wish to run is located in the US or India? and the subsidiary is under separate company account or not?
Under the same data, you want to have: -Sales report based on "real payment" -Sales report based on "proforma invoice" -I might think of sales report based on "delivery of services" If the requirements is only for creating different report I guess we still can do some workaround using the same data in axapta... with some report customisation which I believe not too much. just my view regards HArdi --- In Axapta-Knowledge-Village@yahoogroups.com, yogesh kasat <[EMAIL PROTECTED]> wrote: > > Hi Hardi, > > Thanks for your reply. > > Our Client in India & has subsidiary in USA. Main > business area of client is providing different > services. > > For subsidiary in USA, > > They need to submit reports on the basis of Cash > system to - IRS (USA) > > At the same time, they need to submit reports on the > basis of Accrual system to reporting authorities in > India. (for the same subsidiary in USA). > > They don't want any difference in posting of invoices, > payments etc. > Their current system can generate different reports > for Cash system & Accrual system from same data. > > To implement this we are trying to find some solution. > But it seems it will involve lot of customization. > > > > Thank you, > > Yogesh Kasat > > > > > --- Hardi <[EMAIL PROTECTED]> wrote: > > > Hi Yogesh > > officially what is the rule, should it be entered > > into journal based > > on accrual or cash basis? maybe you can check with > > the auditor for > > this; you have to be careful if you are dealing with > > ledger posting > > because it will subject to be audited by the > > government authorities > > usually. > > > > One hint maybe you can also utilize ledger settings > > in the itemgroup > > to set up accounts to capture delivered but not > > invoiced amounts. Of > > course this approach need deeper analysis on the > > client's detailed > > process. (i.e. are cash basis transactions only > > occurs on SERVICES > > only or both item and service, etc). By doing this > > you can also get > > information on "accrual" or "cash". But we have to > > prioritize the > > solution first to comply with the legal > > requirements. > > > > Best regards > > > > Hardi Tirtakusuma > > > > > > --- In Axapta-Knowledge-Village@yahoogroups.com, > > yogesh kasat > > <yrkasat2k@> wrote: > > > > > > Hi, > > > > > > But by doing this we will not able to get reports > > on > > > basis of accrual system of accounting. > > > > > > Our client want reports generated on the basis of > > Cash > > > system of accounting as additional feature to meet > > few > > > regulatory reporting fomalities. > > > > > > Client's current software (Quick books) supports > > > generating both kind of reports from same data. > > > > > > Thank you, > > > > > > Yogesh Kasat > > > > > > --- Hardi <htk@> wrote: > > > > > > > Hi, > > > > I am thinking of utilizing "Proforma Invoice" in > > > > standard Axapta, but > > > > of course need some report modifications since > > the > > > > INVOICE NUMBER is > > > > not there during proforma invoice generation. > > > > I might think of adding one field connected to > > > > number sequence to > > > > achieve this. > > > > > > > > After the real payment comes in then axapta is > > > > intended to update > > > > invoice. > > > > > > > > just my view > > > > > > > > --- In Axapta-Knowledge-Village@yahoogroups.com, > > > > Vivek Sinha > > > > <vcsinha@> wrote: > > > > > > > > > > > > > > > Hi, > > > > > > > > > > You are looking for a feature update after > > entry > > > > in > > > > > Axapta. Essentially this feature shows the > > effects > > > > in > > > > > books of account even without posting. I do > > not > > > > know > > > > > whether Axapta has this. > > > > > > > > > > > > > > > Regards, > > > > > > > > > > Vivek Sinha > > > > > --- yogesh kasat <yrkasat2k@> wrote: > > > > > > > > > > > Hi Sam, > > > > > > > > > > > > Thanks for your email. > > > > > > > > > > > > In Cash system of accounting we consider > > figures > > > > > > which > > > > > > are realized or paid. We don't consider > > figures > > > > > > which > > > > > > are accrued or incurred. > > > > > > > > > > > > e.g. If we have provided some services to > > client > > > > & > > > > > > raised invoice for it of amount $10k on > > > > 1-Mar-05. > > > > > > We receive payment for this invoice on > > 2-Apr-05. > > > > > > > > > > > > > > > > > > If we are following cash system of > > accounting, > > > > > > This $10k will not be part of revenue untill > > its > > > > > > received, even though we have raised the > > > > invoice. > > > > > > It will be part of revenue when its > > received. > > > > > > > > > > > > In above example, $10k is reveue for date > > > > 2-Apr-05 > > > > > > not > > > > > > 1-Mar-05. > > > > > > > > > > > > If you want any more information, please get > > > > back to > > > > > > me. > > > > > > > > > > > > Thank you, > > > > > > > > > > > > Yogesh Kasat > > > > > > > > > > > > --- sam axapta <sam_axapta@> wrote: > > > > > > > > > > > > > Hi Yogesh, > > > > > > > could u send a example for "CASH SYSTEM > > OF > > > > > > > ACCOUNTING" > > > > > > > i mean whats yr exactly requirement. > > > > > > > > > > > > > > sam > > > > > > > > > > > > > > > > > > > > > yogesh kasat <yrkasat2k@> wrote: > > > > > > > Hi Group, > > > > > > > > > > > > > > Is there any way to create financial > > reports > > > > in > > > > > > > Axapta > > > > > > > like Balance sheet / P & L on the basis of > > > > "CASH > > > > > > > system of accounting". > > > > > > > > > > > > > > Reports created by default are generated > > > > according > > > > > > > to > > > > > > > "Accrual" system / "merchantise" system of > > > > > > > accounting. > > > > > > > > > > > > > > Thank you, > > > > > > > > > > > > > > Yogesh Kasat > > > > > > > > > > > > > > > > > > > > __________________________________________________ > > > > > > > Do You Yahoo!? > > > > > > > Tired of spam? Yahoo! Mail has the best > > spam > > > > > > > protection around > > > > > > > http://mail.yahoo.com > > > > > > > > > > > > > > > > > > > > > Sharing the knowledge on Axapta. > > > > > > > Visit www.frappr.com/axapta for axapta > > > > friends. > > > > > > > > > > > > > > > > > > > > > > > > > > > > --------------------------------- > > > > > > > YAHOO! GROUPS LINKS > > > > > > > > > > > > > > > > > > > > > Visit your group > > > > "Axapta-Knowledge-Village" on > > > > > > > the web. > > > > > > > > > > > > > > To unsubscribe from this group, send > > an > > > > email > > > > > > > to: > > > > > > > > > > === message truncated === > > > __________________________________________________ > Do You Yahoo!? > Tired of spam? Yahoo! Mail has the best spam protection around > http://mail.yahoo.com > Sharing the knowledge on Axapta. Visit www.frappr.com/axapta for axapta friends. Yahoo! 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