In this step you specify profit and loss accounts for valuation differences that arise in business transactions between group companies.
When you use transfer prices, payables and receivables are only posted using legal valuation, since that represents the amount in which the payment is made. If, however, you want to record other valuation approaches in the offsetting account, you need to post the difference to valuation approach clearing accounts, so that this amount appears in the group report.
With this function you can designate valuation approach clearing accounts in which to record valuation differences separately for each company code and partner company.
Preconditions
The profit and loss accounts must already exist in Financial Accounting (for example, "Non-operating profit"), and the Automatic postings only must be selected.
Activities
For each partner company, specify the debit and credit accounts for valuation differences between group companies.