PROFIT AND LOSS ADJUSTMENT (FI) title: profit and loss adjustment (FI) (SAP Library - Glossary)
PROFIT AND LOSS ADJUSTMENT (FI) category: Financial Accounting (FI)
PROFIT AND LOSS ADJUSTMENT (FI) explained:
The process of recording to an account assignment object the revenue (gains) and expenses (losses) that accrue when a customer or vendor invoice is paid.
Cash discounts and exchange rate differences are two major forms of revenue and expenses that are recorded. Profit and Loss adjustment is performed on a specific key date.
Profit and Loss adjustment is made for the following account assignment objects:
Business area Trading partner business area Profit center Trading partner profit center Certain CO account assignment objects All fields that you have added to the coding blockMore terms such as profit and loss adjustment (FI) in Dictionary P.
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