Setting Up Account Determination

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:

The areas of account determination are G/L accounts for sales revenues, sales deductions, payment cards and cash settlement. And also the determination of the reconciliation accounts.

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:

ExerciseStart Exercise

This is part 2 of the exercise:

ExerciseStart Exercise

This is part 3 of the exercise:

ExerciseStart Exercise

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