1 / 23

Configuring Automatic Account Determination

Configuring Automatic Account Determination. What is Automatic Account Determination?. There are many FI transactions that are posted automatically Goods receipt Goods withdrawal (issue) Variances (production / etc…) Account determination is configured via the IMG. Valuation Control.

len-horn
Download Presentation

Configuring Automatic Account Determination

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Configuring Automatic Account Determination

  2. What is Automatic Account Determination? • There are many FI transactions that are posted automatically • Goods receipt • Goods withdrawal (issue) • Variances (production / etc…) • Account determination is configured via the IMG

  3. Valuation Control • To perform automatic posting, valuation control must be enabled from the IMG • Materials Management Valuation and Account Assignment Account Determination Account Determination without Wizard Define Valuation Control

  4. Valuation Grouping Code

  5. Valuation Class • It’s the assignment of a material to a group of G / L accounts • It’s used to determine which accounts are updated for a particular type of transaction (goods movement for example) • Prerequisites • Material types must have been defined • COA must be created

  6. Managing Valuation Classes • It’s a three-step process • Create account category references, if necessary • Create valuation classes and assign them to account categories • Assign account category to material type

  7. Managing Valuation Classes

  8. Managing Valuation Classes • Account categories exist for reference • We always create a valuation class by referencing an account category

  9. Managing Valuation Classes • Create valuation classes and assign them to account groups

  10. Managing Valuation Classes • Assign material types to account categories

  11. Automatic Account Determination (1) • It’s a stepwise hierarchical process that the systems figures out how to automatically post a transaction to a GL account

  12. Automatic Account Determination (2) • By company code COA • Automatic account determination must be defined individually for each chart of accounts • The systems determines the COA based on the company code or plant • By valuation grouping code or valuation area • Use to apply different valuation rules to different company codes • By transaction key (these are predefined)

  13. Automatic Account Determination (3) • By account group • We will not get into this • By valuation class

  14. Account Determination (Implementing) • Create a valuation grouping code and assign it to a company and valuation area • Establish automatic postings

  15. Configure Automatic Postings (1) • Accounts are organized by transaction types • Always based on a COA

  16. Configure Automatic Postings (2) • Associate a valuation class (and group) with a G / L account

  17. Configure Automatic Postings

  18. What’s happening here? • BSX (Inventory Posting) contained the inventory valuation classes and the inventory (asset) account • GBB contains the corresponding expense accounts for the offsetting entry • WRX goods receipt

  19. Transaction Keys • These are different than a transaction code and determine what is “happening” to the material • Received from vendor • Goods issued from warehouse • There are hundreds of these

  20. Configure Cost / Price Difference • These are the price variance expense / revenue accounts

  21. The GR / IR Account • It’s Transaction Key WRX • Set the GR / IR account to the • Raw materials • Semi-finished goods • And finished goods valuation classes

  22. Price Changes • Telling the system whether a price change in the previous period should be “carried over” to the current period • Set for the entire company code

  23. Tax Defaults for Invoice Verification

More Related