Hi All ,
AX has the accural schemes functionality . I am clear about why we need to use the Accural Schemes funcitonality . But i have some questions , could any one help me .
a) In Accural schemes setup , there are two fields called Credit account and Debit account ?
what is the credit account and debit account ( either Prepaid insurance or Insurance expense )
b) After setup i need to create the Journal for accural schemes here what is the account Number i need to select ( Prepaid insurance or Insurance expense ).
C) After posting the Accural schemes system would create many entries , by mistake if i post the wrong amount or wrong date i need to reverse those all entries . So How to reverse those all posted entries for a Accural scheme ?
A detailed explanation is expecting for my understanding.