What is account determination in SAP CO - Controlling?

SAP Term: account determination

• Component: CO

• Component Name: Controlling

• Description: A procedure that determines adjustment accounts for reconciliation postings between and FI manually, or automatically by means of substitution.

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• Key Concepts: 
  Account determination is a process in SAP Controlling (CO) that assigns a G/L account to a cost element or revenue element. This process is used to ensure that all costs and revenues are correctly recorded in the general ledger. The account determination process is based on the settings in the controlling area, cost center, and other master data. 
  
  How to use it: 
  To use account determination, you must first set up the controlling area and cost center. Then, you must define the account determination rules in the controlling area. These rules will determine which G/L accounts are assigned to each cost element or revenue element. Finally, you must assign the G/L accounts to the cost elements or revenue elements in the master data. 
  
  Tips & Tricks: 
  When setting up account determination rules, it is important to consider how different cost elements or revenue elements will be used in different scenarios. This will help ensure that the correct G/L accounts are assigned to each element. Additionally, it is important to regularly review and update the account determination rules as needed. 
  
  Related Information: 
  For more information on account determination in SAP Controlling (CO), please refer to SAP Help documentation or contact your local SAP support team.