When trying to save a delivery order, I am getting this error: Expense or Difference account is mandatory for Item XXX as it impacts overall stock value
What does this mean and what do I need to do? Of course the selling price of the item is higher than the price we paid for it on the purchase invoice.
-You can set default expense account in item master (i.e Your Item Record). It will automatically fetched in delivery note.
-You can define global default expense account in Company as well. If no default expense account mentioned in item, global one is fetched automatically.
- While creating Delivery Note, Inside “Item’” table grid there is “Expense Account” field .you can select your respective Account . and submit Delivery Note.
- And this will be affect in your Ledger (Accounting Part), Profit and Loss
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