account determination issue VKOA

[Former Member]

Hi,

In VKOA there are two columns one is for revenue account and another is for defferred revenue account.

Now i want is while raising credit memo it should pick the accounts fo second column i.e.defferred revenue accounts.

What all configuration do i need to do?

Thanx in advance,

Regards,

Satya

[Former Member]

Hi,

In VKOA there are two columns for G/L account: one is for revenue/discount/surcharge and another for accurals (accumulating the values for Rebate processing).

In credit memo first columns is used for reversal & subsequently credit to customer.

[Former Member]

Hi,

We have two contract type one is value based contract where we are using service based revenue recognition method and other is quantity contract where we are using standard reveneue recognition method.While raising invoice for Value based contract it is debiting Customer a/c and crediting unbillied or unearned or both which is fine and for quantity contract it is debiting customer and crediting revenue account which is also fine.

But when we raise the credit memo for qunatity contract it is crediting customer a/c and debiting revenue a/c which is as per the invoice entry

.But for value based contract invoice it is credting customer account and debiting revenue account instead of unearned or unbilled or both.

So how shd i configured the system so that while raising credit memo for both the contracts it hit the respective accounts according to its respective invoice?

Regards,

Satya