What is 'account determination' in SAP LOD-ET - Excise Tax Solution on SAP Cloud Platform, with S/4 integration?

account determination - Overview

• Component: LOD-ET

• Component Name: Excise Tax Solution on SAP Cloud Platform, with S/4 integration

• Description: Excise Tax Solution on SAP Cloud Platform, with S/4 integrat A configuration for the system to automatically determine the correct G/L account that needs to be posted during goods receipt or during clearing of the invoice verification.

account determination - Details

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  Key Concepts: 
  Account determination is a process used in the LOD-ET Excise Tax Solution on SAP Cloud Platform, with S/4 integration, to determine the accounts to be used for posting excise tax transactions. It is based on the tax codes and other criteria such as the company code, plant, and material group. The account determination process helps to ensure that the correct accounts are used for posting excise tax transactions.
  
  How to use it: 
  To use account determination in the LOD-ET Excise Tax Solution on SAP Cloud Platform, with S/4 integration, you must first define the account determination rules. This is done by setting up the account determination table in the system. The table contains the criteria that will be used to determine which accounts should be used for posting excise tax transactions. Once the table is set up, you can then assign the appropriate accounts to each of the criteria. 
  
  Tips & Tricks: 
  When setting up account determination rules in the LOD-ET Excise Tax Solution on SAP Cloud Platform, with S/4 integration, it is important to ensure that all of the criteria are correctly defined. This will help to ensure that the correct accounts are used for posting excise tax transactions. Additionally, it is important to keep the account determination table up-to-date as changes in tax codes or other criteria may require changes to be