Executing of Down Payments for the Procurement of Goods

Defining Account Determination

Objective

After completing this lesson, you will be able to define the down payment account determination

Special G/L Account Determination

Kevin checks the option of defining reconciliation accounts for the special G/L transactions.

The figure depicts a screenshot from Automatic Account Determination, specifically for defining alternative reconciliation accounts for special G/L transactions within Financial Accounting. The interface is divided into three sections: Area, Parameters, and Account Assignments. In the Area section, the user has selected Financial Accounting, Accounts Receivable and Accounts Payable, and the process for defining alternative reconciliation accounts. The Parameters section includes options for the Chart of Accounts (YCOA), Account Type (K - Vendors), and Special G/L (A - Down Payments, Current Assets). The Account Assignments section lists five items with fields for Reconciliation Account, Special G/L Account, Planning Level, and Input Tax Clearing, allowing users to specify detailed account assignments.

You can define the alternative reconciliation accounts for down payment requests and down payments in the Implementation Activities app under SAP Business Configuration→Accounting→General Ledger→Account Determination→Account Determination in General Ledger→Automatic Account Determination.

After Kevin studied automatic account determination, specifically for defining alternative reconciliation accounts for special G/L transactions within Financial Accounting. Note the following:

Note

The alternative reconciliation account can be different for each reconciliation account that is defined in the master record of the vendor.

The alternative reconciliation account is assigned using the following levels:

Chart of account→account type (vendor or customer)→special G/L indicator→reconciliation account

Summary

Define alternative reconciliation accounts for down payments.
Use chart of account, account type, special G/L indicator, reconciliation account.
Assign alternative accounts in vendor master records.

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