what is difference betwwen two g/l accounts in vkoa

[Former Member]

hi

what is the difference between two g/l accounts in revenue account determination process

in vkoa transaction

[Former Member]

hi,

the two gl accounts basically used when the rebate process comes into the picture.

ERB- Sales deductions - Rebates- 884010 gl account

ERU -Accruals - Rebates - 89000 account.

reward points if it is useful.

regards

KR

[Former Member]

Hello Nag,

The first GL account is basically used for posting revenues. Where as in most cases the second GL is left blank.

the second coulmn is used if your busienss requirement has to maintain an Accrual account or deffered revenues i.e. instead of posting revenues directly into the GL account (1st column) they will be maintained in the second column (Accruals/deffered revenues) and will be recognised saperately as they realise.

For example, in case of periodic and milestone billing - revenues are always sent to the deffered account and are recognised by the end of the period using transaction VF44. only then the deffered amount gets transferred to the actual revenue GL account i.e. the amount gets transferred from 2nd column to the 1st column.

The applies in the case of rebate agreements also where you have accrued amounts.

<b>Reward points if helps</b>

Regards

Sai

[Former Member]

Hi Nageswar,

The first column is the regular G/L Account that system will post the revenues, deductions etc. the second column will be used in different scenarios like Rebate agreements and Revenue recognition.

In rebate agreements accruals can be posted to this account. In revenue recognition differed revenues will be captured through this second column.

Regards,

Ravikiran Pochiraju

[Former Member]

One G/L account is for Account Postings and other is for accruals.This come into play when rebate processing is done and account Key ERB and ERU are used.

Regards

AK

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