]Prepared by NARASIMHA REDDY.

When creation of customer master we enter the reconciliation account number . why we enter the g/l account.Reason 1. When sales account entries as follows: Customer account dr 20,000 To sales revenue account 20,000.

We assume customer pay the amount RS 10,000 .Entry as below.

Cash account dr 10,000 To customer account.

At tht end of year : Sales revenue account transfer profit and loss account. : 20,000.

Customer account. Particulars Amount Particulars AmountTo cash 10,000 By sales revenue 20,000Balance c/d 10,000

20,000 20,000

Cash account.Particulars Amount Particulars AmountTo customer account

10,000 By balance c/d 10,000

10,000 10,000

Sales ravens a/c Particulars Amount Particulars AmountBy balance c/d 20,000 By customer 20,000

20,000 20,000

Profit and loss account. Particulars Amount Particulars Amount

By sales revenue 20,000

To net profit 20,00020,000 20,000

Balance sheet Particulars Amount Particulars AmountNet pfofit 20,000 Cash 10,000

Sundry debtor 10,00020,000 10,000

Red color : reconciliation g/L account : 140,000.

Sales revenue: 800000.

When confiner the revenue account determination:

Yellow color for : Sales revenue : 800000.

As per perpetual inventory system when delivery the goods up dated some other g/l accounts.

Va01 raise the order enter customer and material .Save the document .

Standard Order 11785 has been saved.

Go to VL01N create delivery .

When we activate the value updating :

Account determination for entry INT GBB ____ VAX 7920 not possibleGo to obyc:

Click on GBB enter chart of account.

Configure as above Check g/l account existed

this g/l accounts is profit loss account.Need not activate the tax and local currency.This is for internal purpose..

When cost account is active delivery we need active following step.

Above step for material management and fi consultant.

Account determination SD.

When save the billing document customer account and sales revenue accounts updated.

Customer account(zdem) dr 10,000 To sales account 10,000.

Required setting as follows.

Account determination procedure assigned our billing document f2.

In our pricing procedure condition type and account key assigned.

Tcode : vkoa

Check g/l accounts existed our company code or not.

Goto fs00.

Note sales revenue account required relevant tax and currency .

Because : Customer account dr 10,000 To sales revenue account 9,000 To output tax account 1,000.

In case of currency : revenue from different countries of customer at the time we need currency conversion.

If any gain or loss currency conversion that difference posted separate g/l account.

Ex : when customer place the order $1 0,000 date 10-06-2012 when customer amount paid to business date 17-06-2012 .

We assume dollar value date 10-06-2012 : one $ = 45. 10,000 * 45 = 45,00000.We assume dollar value date 17-06-2012 : one $ = 50 . 10,000 * 50 = 50,00000.

It mean above example we get benefit..50,00000 - 45,00000 = difference amont.

Before vf01 we check the following screen.: ob52.

Go to: obbp.

Go :L oba7

Above document type maintain year and number range.

We must maintain customer master record of account assignment group and material master account assignment group as per revenue account determination procedure We assume customer master 01 and material master 03.

And check the reconciliation account number g/l account.

Note: reconciliation account need allow the tax condition. And allow only tax condion.

Customer account dr xxxx To sales account xxx To tax account xxx..

Go to va01 -> VL01N ->

NOTE : document number 80015007.

Go VF01.

T.CODE : FS10N . CHECK G/L account balance.

Click on execute (f8)

Double click 6 period.

Go to : FB02.

Press enter.

We check customer balance Tcode : FD10N.

PRESS F8.

Incoming Payment :Path :Accounting – Financial accounting – Accounts receivable- Document entry-Incoming payments – (Tr.Codes is F-28).

Click on process open items button

Double click on invoice gross under balnce Until that item are blue color

Now save button.

Document 1400000000 was posted in company code ZDEM.

Now check the customer balance Goto TCODE: FBL5N.

.

We check for cash account balance.Tcode : FS10N.

EXECUTE.

FB02.

Enter

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