What is account determination in SAP MM-IM - Inventory Management?

SAP Term: account determination

• Component: MM-IM

• Component Name: Inventory Management

• Description: or every goods movement in a warehouse that requires a tax amount to be reserved, the system creates an accounting document of the goods movement. The accounting details used for osting of the accounting document are maintained here.

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• Key Concepts: 
  Account determination is a process in SAP MM-IM Inventory Management that determines the general ledger accounts to be used for a particular transaction. It is used to ensure that all transactions are properly accounted for and that the correct accounts are used for each transaction. 
  
  How to use it: 
  Account determination is set up in the SAP system by assigning a G/L account to each transaction type. This is done by creating a chart of accounts and assigning the appropriate G/L account to each transaction type. Once this is done, the system will automatically determine the correct G/L account for each transaction. 
  
  Tips & Tricks: 
  When setting up account determination, it is important to ensure that all transactions are properly accounted for and that the correct accounts are used for each transaction. This can be done by creating a chart of accounts and assigning the appropriate G/L account to each transaction type. 
  
  Related Information: 
  Account determination is closely related to financial accounting in SAP. It is important to understand how financial accounting works in order to properly set up account determination in SAP MM-IM Inventory Management. Additionally, it is important to understand how different types of transactions are accounted for in order to ensure that all transactions are properly accounted for.