account determination

[Former Member]

hi friends,

what is the difference between revenue a/c determination and reconciliation a/c determination???

what is the use of reconciliation account determination??

thanks

raj

[former_member217082 · Accepted solution]

Hi Raj

Difference between Revenue Account Determination & Reconciliation Account Determination

Revenue Account determination --- It is done so that what ever condition types we maintain in our pricing procedure and for that condition types we will be assigning the account keys ,so for that account keys we will be assigning the G/L accounts . Those account keys could be freight , sales deductions , tax .etc So we will be assigning different types of G/L accounts to the account keys telling that this G/L account is related to e freight , sales deductions , tax .etc

Re-Conciliation Account Determination -

---

This determination we will be doing because we will be assigning in our CMR one reconciliation G/L account in company code data. So we have to make sure that the customers balances has to be updated in that reconciliation G/L account assigned to our company code , that is the reason we do reconciliation account determination

Regards

Srinath

[Former Member · Accepted solution]

thanks for replies,,

tell me the configuration steps about Reconciliation a/c determination???

thanks

raj

[Former Member · Accepted solution]

Dear Raj,

FS00 is the tcode to create G/L / Reconcilliation account- Foreign / Domestic. Once you created this you assign the same in Customer Master

Regards

Deepu Pillai

[Former Member · Accepted solution]

Hi

VKOA is the revenue a/c determination

OV64 is the reconciliation a/c determination

regards

srini

[Former Member · Accepted solution]

Hi,

Configuration of Reconciliation A/c determination:

Menu path: SPRO - Sales & Distribution - Basic Functions - Accoount assignment/costing - Reconciliation A/c determination.

1. Maintain Condition Table(OV62)

2. Maintain Access Sequence (OV67)

3. Maintain Condition type (OV66)

4. Maintain Account determination procedure (OV65)

5. Assign account determination Procedure (ov64)

Regards,

Abhee.

[Former Member]

Dear Raj,

Revenue Account

It is for Sales Revenue and is determined by SD-FI integration , which is linked in pricing procedure by Account key and other combinations as defined in Tcode VKOA. So sales revenue account is updated every time when billing document is posted.

Reconciliation account

A customer master record in SD is also an A/R (accounts receivables) in FI. When you create a customer master record you also have to specify the reconciliation account. Account in G/L accounting, to which automatic entries are posted during a business activity. It is generally the case that several sub ledger accounts post to a common reconciliation account.

This ensures that the developments in the sub ledger accounts are accurately reflected in the general ledger (i.e. in line with balance sheet conventions). You can set up a reconciliation account for, say, all overseas customers.

Regards,

Abhee.