What is offsetting account determination in SAP FI-GL - General Ledger Accounting?

SAP Term: offsetting account determination

• Component: FI-GL

• Component Name: General Ledger Accounting

• Description: The process of breaking down all accounting documents so that each debit posting is matched to exactly one credit posting and vice versa.

Smart SAP Assistant

• Key Concepts: 
  Offsetting account determination is a feature of SAP FI-GL General Ledger Accounting that allows users to define the accounts that should be used for offsetting entries. This feature helps to ensure that all entries are balanced and that the correct accounts are used for each transaction. 
  
  How to use it: 
  Offsetting account determination can be set up in the SAP system by defining the offsetting accounts for each transaction type. This can be done in the configuration settings of the FI-GL module. Once the offsetting accounts have been defined, they will be automatically used when creating entries in the system. 
  
  Tips & Tricks: 
  When setting up offsetting account determination, it is important to ensure that all accounts are correctly defined and that they are balanced. This will help to ensure that all entries are correctly recorded and that there are no discrepancies in the system. 
  
  Related Information: 
  For more information on offsetting account determination, please refer to the SAP Help documentation or contact your local SAP support team.