Why do we need account determination?

Hello,
why do we need account determinations and how can i create them for the COA?
Thanks,
-S

Hi
To create accruals and post payables, the system must first of all determine the correct G/L accounts for posting in FI.
Before the system can determine the G/L accounts, certain settings must be made in Customizing. In the IMG, select: Logistics Execution -> Transportation-> Shipment costs -> Settlement -> Automatic G/L account determination. The settings required are described in detail here.
G/L account determination is carried out automatically. The following parameters are used for determination:
Chart of accounts
Valuation grouping code
Transaction key
Account grouping
Valuation class
G/L account determination can be carried out at shipment cost item level or you can have the system carry out posting at delivery or delivery item level for a more detailed process.
Nagesh

Similar Messages

Why do we need account key in SD revenue account determination?

Hi,
Why do we need account keys in SD pricing procedure and revenue account determination? If we dont use account keys wht will be the problem in priding procedure and revenue account determination?

hello, friend.
account keys allow you more flexibility in assigning revenues, costs and other financial data to different GL accounts.
let us take, for example, surcharges and discounts. surcharges are extras charged to the customer for maybe freight, penalties and other services. discounts could be header or item related, and can take many forms (volume discounts, customer discounts, customer group discounts, etc.).
in SAP standard, condition types in pricing procedures that are surcharges (i.e. freight) are assigned to account key ERF. discounts are assigned ERS. when you do account determination, it can look like this:
condition type KF00 (freight), account key ERF, post to GL account 600010.
condition type K007 (discount), account key ERS, post to GL account 700010.
however, your company might want the different surcharges to be posted to different GL accounts. let us say your company wants you to define additional freight surcharges KF01 and KF02. the company also wants you to post these to separate GL accounts. so now, you define additional account keys ZF1 and ZF2. you then assign these to the condition types in the pricing procedure, and then do account determination as follow:
condition type KF01, account key ZF1, post to GL account 600020.
condition type KF02, account key ZF2, post to GL account 600030.
these are just some impact of account keys.
hope this helped you.
regards.

Why do you need Account Det. Procedure in GL Account Determination ..?

Guys, I need following clarification for GL Account Determination....
While doing "Revenue Account Determination", one has to do "Define and Assign Account Determination Procedure". Now what I understand that in Acc. Determination Procedure, you can add more than one "Account Determination Types", which basically (if fully implemented) will bring back (via access seq) more than one GL Accounts. My question is, can you post one particular pricing condition type, in one billing line of a specific billing document, to more than one Revenue GL Account in FI. If yes, what that scenario would be?
I do understand that one can maintain just one Determination Type in each Acc Det Procedure, where you can have just one GL Account, however, since Procedure can handle more than one Determination Types (and hence GL Account), I was wondering that in which scenario it would fit.
Thanks
Edited by: SR on Jan 8, 2009 5:17 PM

HI SR
The major difference between the KOFI & KOFK condition types are as follows
In standard accounting procedure there we have 2 condition types .They are as follows :
condition type                  Reqt
KOFI                               3
KOFK                             2
Usage of KOFI condition type
We will be using KOFK for generating controlling document
We wil be using KOFK when we go for Make to Order (MTO) process.
If you want to assign the KOFK to generate controlling document then you should assign the cost center , to your G/L accounts also
When the controlling document generate then for FI consultants it will be helpful to generate the report as per the requirement
Usage of KOFI condition type
We will be using KOFI for normal sales cycle only .
So the Stock whatever we deliver it will be a Make to stock (MTS)
Regards
Srinath

Sales order - KOFK account determination - incompletion procedure

Hi Gurus,
i am a little bit confused and need help!
When I am creating a sales order (free of charge) and assign a WBS Element i get the message in the imcompletion routine that the account for type KOFK is missing.
I know where to maintain this but I am confused, because if i don't assign a WBS Element there is no account determination!!
Why is there an account determination when i use WBS Elements and no account determination when using no WBS Elements. This is in the sales order only.
I also want to deactivate the account determination for WBS Elements in Sales Order.
Can someone help me?
Thanks in advance

Hi Yoganand,
sorry for writting so late - i was in vacation the last 2 weeks
I had a lot of discussion about this with an FI/CO Consultant - first he also didn't know, but after some more discussion he could remember from a former project that this is standard when there is a planing relevanz for the wbs-element.
An WBS-Element can not only cause costs (through orders, etc.) which are planned, it can also cause proceeds (through sales orders) which also have to be planned.
And thats why the account determination for KOFK is active in the sales order when typing in a WBS element. So the whole accounting procedure is due to the planning of costs/proceeds within the element. For reporting purposes you need both costs and proceeds.
Georg

Why do we need retained earnings account in income statement?

hi,
as far as i am concerned we need a retained earnings account only in a balance sheet statement. however i dont understand why do we need a retained earnings account in the income statement. can someone explain?

Hi
The account nothing but contains the accumulated profits which are divisible to the shareholders carry forward from the P&L account.
we define Retained earnings a/c in OB53.
Most companies use one retained earnings account. For this reason, X can be used as the key.
In the chart of accounts you enter X in the P+L statement account type field, and for account determination you enter the retained earnings account under the key X
assign points if useful

Why do I need to log into google to use feedly? And, when I do, it wants me to give access to my to my account.

Is this safe, why should I have to sign in with my google account? And why do I need to give access to my account?

What does that mean. I'm just asking how to use one of the products that I was encouraged to use by a Mozilla email. I was worried about the issue of safety and privacy of having to sign in with another companies account (Google) and give access to that account.

Why do I need to open an Adobe account to open attacnments now that I have a new printer?

Why do I need to open an Adobe account in order to open attachments?

The message: "Adobe Reader could not open {file name here} because it is either not a supported file or because the file wasn't correctly decoded" appears whenever I try to open a downloaded file. Then I get information on how to open an Adobe account for $7 or $8 bucks a month. This annoying disruption on service only occured sence I installed an Epson printer. They deny any knowlage of working with or association with Adobe. However my computer is severly effected by the recent installation.

Why do we need more than one retained earnings accounts & what is the use?

Hi FI Experts,
Why do we need more than one retained earnings accounts, what is the precise use of two?
I know the retained earnings account is used to carry forward the balances during the year end to the balance sheet and there by making the p&L A/cs balances as zero.
I guess the second one is used for different valueations for example as depreciation accounts for different valuations will have different retained earnings accounts.
Kindly correct me if I am wrong and eloborate on the use having more than one retained earnings accounts.
with regards
Ramesh Y

Hi,
Well, separate retained earnings accounts are used for parallel financial reporting, it means when you need to report in accordance with, for example, local GAAP and IFRS or US GAAP at the same time. Several retained earnings accounts are necessary when the company chooses account based approach for parallel reporting. (GL accounts are broken down into several groups, for example you use different accounts for IFRS valuation, for local GAAP and they are also shared accounts common for both principles.)
m.

Why do I need a TITLE to create an account?

Why, why, why do I need a title to create an account with a billing address? Is this really industry-standard encryption? BS on that! I never needed a title to obtain the credit card in the first place. This isn't security, it is mindlessness. I don't need a title in any aspect of my life, nor do I use one. I'm sure this sort of namby pamby bureaucratic inanity of being name police must have Steve spinning in his grave. My apologies, I meant Mr. Jobs. Get with the 21st century Apple, I mean a title, come on! Oh, and the choices are: Mr., Mrs., Ms., and Dr.. I guess Sir Paul McCartney can't use iTunes. If I used some title I'd be signing in as my parents and, God rest their souls, they are unable to provide me their credit card anymore (they never liked my music anyway). Hey Apple, I've got the money to spend baby, what concern is it of yours what I am called.

Have you created an iCloud account? This is not the account or ID you use for iTunes. And where exactly are you turning on notes? In what area within settings of your devices?

Why do I need a snapfish account?

why do i need a snapfish account?

Odlavso,
Welcome to the HP Forum.
You do not need a Snapfish account.
If you have a printer that is ePrint capable and you want to use ePrint, you do need to register for an HP Connected account.
Sign In - HP Connected
Reference:
HP Connected support
Click the Kudos Thumbs-Up to show appreciation and say Thanks.
Although I strive to reflect HP's best practices, I do not work for HP.
HP provides Administrative and Moderation services for the HP Forum.
Kind Regards,
Dragon-Fur

Why do I need an iCloud account when I only use my gmail account?

Why do I need an iCloud email account with I only use my gmail account?

i have this problem, too. Newly added Chase Freedom on my iPad, but it happens on the iPhone, too. At this point, I don't even know who to contact - Apple or Chase.

Why Apple do need to verify my account ? I didn't have any problems. So sudden.

Why Apple do need to verify my account ? I didn't have any problems. So sudden.

these is the message which I got from Apple and that's why asking.
Dear Client
We've noticed that some of your account information appears to be missing or incorrect We need to verify your account information in order to continue using your Apple ID, Please Verify your account information by clicking on the link below
Click here to Verify your ID
Thanks for choosing Apple,
Apple Team

I am switching accounts with my brother (long story why) but I need to remove my emails from the Mail application. I removed my Gmail account but when I try to remove my iCloud email it still keeps the emails. Does anyone know to remove a iCloud email?

I am switching accounts with my brother (long story why) but I need to remove my emails from the Mail application. I removed my Gmail account but when I try to remove my iCloud email it still keeps the emails. Does anyone know to remove a iCloud email?

Hi, how are you seeing these eMails if the account is removed?

Tcode needed for account determination

Hi
I need the tcode for account determination for sales accounts, please help
Partha

Hi
In IMG screen, you can go to Additional information and select an option, so that a display tree on the side of the IMG will appear, many settings has a tcode assigned to it.

What is the user exit for automatic account determination in PO

Hi Experts
I ned to know what is the user exit for automatic account determination in PO
my client needs the document type to defines Account Assignment Category.
choosen a document type Account Assignment Category is defined automatically. you can't choose
a wrong Account Assignment Category from the drop down list.
thanks form you help.

If this is the case than why don't you use the Transaction variant
SHD0: http://www.mortenhjorthnielsen.dk/Security/transactionvariants.htm
If you have knowledge of Transaction variant then you can use SHD0 tcode and generate the transaction using default type and give that transaction to user instead of ME21N so they will not have the issue.
The exact solution for your problem is as follows
Go to Tcode SHD0 and enter the transaction variant
In T code field enter ME21N and then enter the ZXXXX or the name you want to keep in transaction variant field and hit create button
This will take you to ME21N transaction and here you just enter the data but make sure you enter the A/c which you want to default.
Once you finish system will save this one as a variant
Every time you hit or enter the pop up screen comes here you just hit enter and whichever data you want to default that you have to select in the Popup by checking the Box
W content and output only for your case the field XXXXXXXX should be selected for W content and output only
Make sure you have value 1 in contents field
If not then restart the variant again and on the ME21Nscreen reselect the invoice field
Later exit and save (save in the object which you can transport)
Then from SHD0 transaction select GOTO create variant transaction and here you careate the tcode and use that tcode for ME21N (e.g ZTRAN - For specifix sto)

Why do we need account determination?

Similar Messages

Maybe you are looking for