AP AR Netting - Netting Control account - HandsonERP - Oracle E-Business Suite Training

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TOPIC: AP AR Netting - Netting Control account

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#3592

Charlie (User)

Gold Boarder

Posts: 284

AP AR Netting - Netting Control account 11 Years, 8 Months ago

Hello Hasan,

In you AP AR Netting video regarding setup, you mentioned that...the Netting Control account is a Balance Sheet account. You stated that this account is
.
"Usually created as a Liability account."
.
I am a bit confused. I would have thought it would be defined as an Asset account, only because it is supposed to resemble a CASH account.
Netting Control is a kind of replacement for the CASH account.
.
Can you explain WHY it's usually classified as a Liability account instead of an Asset account.

Thank-you
Charlie

ps. I was just curious. Trying to clear up some confusion.

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