configuring automatic account determination. slide 2 what is automatic account determination? there...
TRANSCRIPT
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Configuring Automatic Account
Determination
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Slide 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
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Slide 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
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Slide 4
Valuation Grouping Code
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Slide 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
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Slide 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
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Slide 7
Managing Valuation Classes
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Slide 8
Managing Valuation Classes Account categories exist for reference
We always create a valuation class by referencing an account category
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Slide 9
Managing Valuation Classes Create valuation classes and assign
them to account groups
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Slide 10
Managing Valuation Classes Assign material types to account
categories
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Slide 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
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Slide 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)
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Slide 13
Automatic Account Determination (3) By account group
We will not get into this By valuation class
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Slide 14
Account Determination (Implementing) Create a valuation grouping code and
assign it to a company and valuation area
Establish automatic postings
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Slide 15
Configure Automatic Postings (1) Accounts are organized by transaction
types Always based on a COA
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Slide 16
Configure Automatic Postings (2) Associate a valuation class (and group)
with a G / L account
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Slide 17
Configure Automatic Postings
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Slide 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
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Slide 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
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Slide 20
Configure Cost / Price Difference These are the price variance expense /
revenue accounts
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Slide 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
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Slide 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
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Slide 23
Tax Defaults for Invoice Verification