What is distribution account in SAP SRD-FIN-COR - FIN-Cost and Revenue?

SAP Term: distribution account

• Component: SRD-FIN-COR

• Component Name: FIN-Cost and Revenue

• Description: An account to which different types of primary costs are summarized as secondary costs for allocation purposes. For example, the costs for the plant security cost center are accumulated on the associated accounts as primary costs. When plant security costs are distributed to other cost centers, they are summarized into a single account as secondary costs.

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• Key Concepts: 
  A distribution account is a type of financial account used in SAP's SRD-FIN-COR FIN-Cost and Revenue Accounting component. It is used to distribute costs and revenues among different cost centers or profit centers. The distribution account is used to record the total amount of costs or revenues that need to be distributed, and then the amounts are allocated to the appropriate cost centers or profit centers. 
  
  How to use it: 
  In order to use a distribution account, you must first create the account in SAP. This can be done by navigating to the SRD-FIN-COR FIN-Cost and Revenue Accounting component and selecting the “Create Distribution Account” option. Once the account has been created, you can then enter the total amount of costs or revenues that need to be distributed. After this, you can allocate the amounts to the appropriate cost centers or profit centers. 
  
  Tips & Tricks: 
  When creating a distribution account, it is important to ensure that all of the necessary information is entered correctly. This includes entering the correct total amount of costs or revenues that need to be distributed, as well as ensuring that the amounts are allocated correctly to the appropriate cost centers or profit centers. 
  
  Related Information: 
  For more information on distribution accounts in SAP's SRD-FIN-COR FIN-Cost and Revenue Accounting component, please refer to SAP's official documentation on the topic.