What is 'account determination' in SAP FIN-FSCM-TRM-TM - Transaction Manager?

account determination - Overview

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: A flexible procedure for determining the balance sheet accounts and income/expense accounts required for the posting run. Account determination is based on the flow types and payment details specified in the transaction. The SAP System generates a separate posting record for each flow.

account determination - Details

• 
  Key Concepts: 
  Account determination is a process in SAP Transaction Manager (FIN-FSCM-TRM-TM) that helps to determine the correct account for a particular transaction. It is used to ensure that the correct account is used for each transaction, and that the transactions are properly recorded in the system. 
  
  How to use it: 
  Account determination is used to ensure that the correct account is used for each transaction. It is done by setting up rules in the system that define which accounts should be used for each type of transaction. These rules can be based on various criteria such as the type of transaction, the customer or supplier involved, or any other criteria that are relevant to the transaction. Once these rules are set up, they will be applied automatically when a transaction is entered into the system. 
  
  Tips & Tricks: 
  When setting up account determination rules, it is important to make sure that they are comprehensive and cover all possible scenarios. This will help to ensure that all transactions are properly recorded and accounted for in the system. It is also important to regularly review and update these rules as needed, as changes in business processes or customer/supplier information may require changes to the rules. 
  
  Related Information: 
  For more information on account determination in SAP Transaction Manager, please refer to the official SAP documentation at https://help.sap.com/viewer/product/FIN_FSCM_TRM_TM/latest/en-US.