Totaling is a concept in modern accounting techniques that facilities grouping and more advanced setup for Accounts as it enables the accountant to hit more than one account in a single Accounting Leg
For example for the below accounting entry
CR 11110 150 USD
DR 11120 150 USD
If for the case, the parent GL for (11110) GL is (10110) and
parent GL for (11120) GL is (10120) then the above AE will translated into
CR 11110 150 USD
DR 11120 150 USD
CR 10110 150 USD
DR 10120 150 USD
However there is some constrains
1- The Parent GL should be the same type of the GL, for example if the (11110) is Income, then (10110) should be Income account also.
2- A Balanced Totaling is required also, for example a CR leg is a corresponding for DR leg, also the Sum of Total CR should equal the total DR
3- Number of affected Parent GL should be equal unless this is for Account, for example the below AE is not accepted
CR 11110 150 USD has Parent GL
DR 11120 150 USD doesn’t has Parent GL
But the below AE is accepted
After meeting with Mr Magdy, its more related to the Setup of the GL
lakani
commented
3 years ago
Totaling is a concept in modern accounting techniques that facilities grouping and more advanced setup for Accounts as it enables the accountant to hit more than one account in a single Accounting Leg
For example for the below accounting entry CR 11110 150 USD DR 11120 150 USD
If for the case, the parent GL for (11110) GL is (10110) and parent GL for (11120) GL is (10120) then the above AE will translated into CR 11110 150 USD DR 11120 150 USD CR 10110 150 USD DR 10120 150 USD
However there is some constrains 1- The Parent GL should be the same type of the GL, for example if the (11110) is Income, then (10110) should be Income account also. 2- A Balanced Totaling is required also, for example a CR leg is a corresponding for DR leg, also the Sum of Total CR should equal the total DR 3- Number of affected Parent GL should be equal unless this is for Account, for example the below AE is not accepted
CR 11110 150 USD has Parent GL DR 11120 150 USD doesn’t has Parent GL
But the below AE is accepted
After meeting with Mr Magdy, its more related to the Setup of the GL