on 03-29-2008 9:11 AM
Hi all,
What is the difference between G/L Account determination and Revenue Account determination?
How to configure them?
Regards,
Ajit
hello, friend.
GL account determination is more general. you make assignment as to which GL accounts your revenue, sales deductions, surcharges and taxes are posted (they are posted separately, of course).
revenue account determination is more specific. most likely, you will be delaing with account key ERL (standard) and EVV (standard for cash transactions). it is possible for revenue to be posted to different accounts depending on factors such as customer and material account assignments, sales organizations, etc.
regards.
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hi
the main purpose of revenue account determination is to assign the correct gl account
when a sale is posted in SAP the system must find out to which GL account this sale must go to
we will maintain seperate GL accounts for Revenues, Discounts, Taxes etc
in short both are same
regards
ravi
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Hi,
The account keys ERL , ERS, DIFF which are related to revenue and sales deduction in your pricing procedure are defined in transaction VKOA. Here the account key, chart of accounts, your sales organization and G/L accnt combination are maintained.
Whereas all the tax codes G/L accounts get picked from transaction OB40 , So in your pricing procedure where ever you see tax account keys, make sure you go to OB40, input your tax code and then you will see all the G/L accounts against each respective account key. This is nothing but the calculation of tax on sales / purchases.
Alternatively you can check transaction FTXP based on chart of accounts and tax code which proposes automatic G/L accounts configured by FI consultants
Hope this will solve your query.
If it does, please dont forget to reward points for contribution.
Regards
Ravi
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Dear Ajit,
We will define the account determination procedure in the step Define and assign account determination procedure in the same step the defined account determination procedure will be assigned to the Billing type.
So through the billing type the Account determination procedure will be determined.
I hope it will help you
Regards,
Murali.
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