Useful - For All those who are responsible for creating new customer codes or change the master data of existing customer.

Dear All,

It is being observed that while creating/changing a new/existing customers the Financial mapping given for accounting is some of the new debtors is not correct which creates complication while accounting of Invoicing and later on Financials preparation and MIS reporting to HO in Kuwait.

Please note below screen shot for your reference and note following:

While creating/ changing a new/existing customer it is to be ensured that the Account Determination Mapping is correct. There are four categories in this which are explained as follows and should be used accordingly:

• Related Parties (Foreign) – For related parties outside Oman irrespective of the currency of transaction (for eg: Boubyan Petrochemicals/ Boubyan Plastics etc.)
• Related Parties (Local) - For related parties inside Oman irrespective of the currency of transaction ( for eg: MNPI/MNLLC/Boubyan Downstream etc.)
• Trade Debtors (Local) – For all other customers inside Oman irrespective of the currency of transaction
• Trade Debtors (Foreign) – For all other customers outside Oman irrespective of the currency of transaction

We expect immediately going forward that:

• Necessary precautions are taken while creating a new customer.
• Wherever required make necessary changes in the existing data base.

Please circulate to all the concerned in your team.

In case if you still feel any difficult please contact Parimal Roy/Lakshman before proceeding further.

Thanks & Regards

Piyush Agarwal