What is the use of account determination in assets accounting?
Please provide me answer as soon as possible.
thanks in advance.
you can post to FI GL from asset accounting With the help of account determination.
In Asset Accounting, we assign Account Determination to
1. Create GL Account
2. Create Account Determination
3. Assign Account Determination to Asset Class
Asset Masters are created under Asset Classes by which
Account Determination Keys are accessed by these asset Masters while posting a transaction
The account determination determines the reconciliation accounts in the general ledger, as well as their offsetting accounts, that are to be posted when certain business transactions are carried out. You must enter an account determination in the asset class. Several asset classes can use the same account determination, if they use the same chart of accounts and post to the same general ledger accounts.
Sign up for STechies
All the site contents are Copyright © www.stechies.com and the content authors. All rights reserved.
All product names are trademarks of their respective companies. The site www.stechies.com is in no way affiliated with SAP AG.
Every effort is made to ensure the content integrity. Information used on this site is at your own risk.
The content on this site may not be reproduced or redistributed without the express written permission of
www.stechies.com or the content authors.