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Purpose of Provision Account field in VKOA settings

Dear Experts,

Kindly share the purpose of Provision Account field in VKOA settings, where will it impact if we assign some G/L in this field and what happen if we do not assign any G/L in this field. Kindly explain with some example.

Warm Regards,

SAP SD

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2 Answers

  • Best Answer
    Posted on Dec 10, 2013 at 09:23 AM

    Hi

    You can see Accrual tick in condition settings in V/06., If you mark this tick then it means this condition will have two posting. Debit and credit posting from one condition. In this case you have to assign two account keys in V/08 with this accrual condition. Debit and credit account key and in VKOA we assign debit and credit GLs.

    We can take an example of monthly discount. If you want to give discount and want to accrue it for this month and will give to customer in next month (due to company policy) you can use this accrual functionality. At the time of invoice system will debit the expense and credit the payable liability and in next month when you give discount through credit note then customer will be credited and payable liability will be debited.

    Let me know for further assistance.

    Thank$

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  • Posted on Dec 10, 2013 at 09:06 AM

    Hi,

    if you Assign the GL Account the entries in the invoice are posted through Accounting Key in the Pricing procedure

    If the GL account is not Assigned the values will not be posted and shows the error if Account Key is Already Assigned

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