By Manish Patel
This e-book is a transparent and sensible necessities consultant that teaches you ways to configure account decision in SAP ERP. You’ll find out about many of the account decision options in each one part for producing normal Ledger postings, together with AR/AP, tax transactions, financial institution transactions, human capital administration, and fabrics administration. The paintings presents step by step directions on tips to configure account selection, and during this new version, each one bankruptcy offers real-world examples, enterprise methods and situations, worthy screenshots, and useful the way to assist you comprehend and grasp account choice. If you’re liable for enforcing the account selection performance, this is often your one-stop, must-have guide.
- Account choice techniques
- General Ledger transactions
- Accounts Receivable/Accounts Payable transactions
- Tax transactions
- Bank transactions
- Asset transactions
- Travel cost transactions
- Sales and purchasing
- Inventory transactions
- Payroll transactions
- Technical references
- Tips and tricks
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Extra info for Account Determination in SAP: Learn important account determination techniques
If a receivable is due at least for that many months, then a specific percentage of that receivable is put in the bad debt reserve. 9 shows, you can assign four such buckets for each provision method. In the example shown, bad debt reserve consists of 15% of all receivables due in two months, 25% of all receivables due in three months, and so on. 2 2 General Ledger Transactions percentage may indicate a company with a lot of collection issues, a lot of defaulting customers, or both. 9 Bad Debt Provision Method SAP ERP uses transaction key ACC (provision for doubtful receivables) for this GL account determination.
You can specify the tolerance groups for GL accounts by clicking Financial Accounting IMG • General Ledger Accounting • Business Transactions • Open Item Clearing • Clearing Differences • Define Tolerance Groups for G/L Accounts. In the GL account master, you maintain a tolerance group on the control data tab. The SAP system uses transaction key DSA to determine GL accounts to which any GL account clearing differences should be posted. 10 shows an example of automatic account determination configuration for GL accounts clearing differences.
4 Summary We have discussed several GL account determination functionalities in SAP ERP’s GL accounting component. These functionalities primarily assist in period-end closing activities. The currency revaluation process discussed in this chapter focused on GL account determination. 4 2 General Ledger Transactions which GL accounts to process, which exchange rates to use, and how to treat exchange rate differences. SAP ERP provides very comprehensive functionality for foreign currency revaluation.