Accounting key cash allocation

[former_member720197]

Hi Gurus,

In the Billing document controls we have field "Acc.key-cash alloc" which my client is using for is one of the business process and i would like to what is the use of this field and also the other settings made for this field.

Regards,

Babs

[former_member720197]

thanx to all replies

[Former Member]

Hi,

this is purely used for only cash saels for below purpose:

account key that causes the system to post to a G/L account rather than to a receivables account. You can enter G/L accounts for the key entered in account assignment. (Account determination can be found in Basic Functions).

You can use this to allow cash transactions to be carried out directly for the customer rather than receivables being created.

generally for credit sales debit is given to customer and credit to sales revenue.

here in cash saels debit is given to cash account directly instead of customer a/c (bcz in accounting basics we know we dont have customer name in cash sales) and credit is given to sales revenue.

hope u got it now

regards,

sadanandam kasarla

[Former Member]

Hi,

This field is used during the deterimination of G/L account for direct cash settelement,if this field is active then the billing document will not post direct debit side. This is used in Cash sales scenario.In Cash sales customer will pay the amount immediately once billing generated,That means standard cash account determination procedure will be assinged.

Regards,

Hari Challa.