Objective
After completing this lesson, you will be able to set up account determination
Areas of Account Determination
Using Account Determination
The following figure provides an overview of account determination:
When data is transferred from the billing document to Financial Accounting, general ledger (G/L) accounts for posting sales revenue, sales deductions, and value-added tax (VAT) are determined automatically.
When processing cash sales, you must set a G/L account in the document for cash settlement (no posting to customer account).
The system can determine a reconciliation account that is different from the account that is entered in the payer master record.
When using payment cards, you also need to post to different G/L accounts.
Account Assignment Criteria
Account Assignment Criteria in Billing
Note
See the following video to learn more about the account assignment criteria used when creating a billing document:
Revenue Account Determination
Revenue Account Determination Using the Condition Technique
Note
See the following video to learn more about revenue account determination using the condition technique:
Hint
The account for posting VAT is not determined in account determination in Sales and Distribution. The relevant assignment is stored in Customizing for Financial Accounting under Financial Accounting Global Settings → Tax on Sales/Purchases → Posting → Define Tax Accounts.
Set Up Account Determination
This is part 1 of the exercise:
This is part 2 of the exercise:
This is part 3 of the exercise:
