What is a Sort key? What r the different tpes of Sort Keys
u have in SAP(FICO)
Answers were Sorted based on User's Feedback
Answer / lovely_santu143
The Sort Key in a G/L determines the parameter according to
which various line items are to be displayed in the G/L A/C.
It determines ordering of the line items for display. For
finding them in a order.
There are 37 various types of sort keys in Sap fi/co - most
commonly used Sort key are;-
1) 001 - Posting Date
2) 002 - Document No by fiscal year.
3) 003 - Document Date.
4) 012 - Vendor Number.
5) 031 - Customer Number.
6) 027 - Value Date.
7) 018 - Asset No. etc,.....
Plz tell me anything more if iam wrong.
Santosh. Plz rank it.
Is This Answer Correct ? | 106 Yes | 6 No |
Answer / mamidi vijay
Sort Key: It is used to sort of documents post into G/L
A/cs.These sort keys are controls the documents and it is
easly identified the documents with these sort keys like as
below...
001...As Per Psting Date
002...As per Documents Numder by Fisical Year
003...As Per Doumnet Wise
012...As Per Vendor Number
031...As Per Customer Number
018...As Per Asset No.
etc...
Is This Answer Correct ? | 18 Yes | 1 No |
Another functionality or use of sort key is
Where Sort Keys are created
Use Tcode OB16.
Why we are using sort keys.
Straight answer to this is sort key offers great help in
Automatic Clearing.
First we understand how does it function. If you have
created Bank GL and there you have used 001 (posting date)
as sort key then whenever you make entry for that bank Gl
your sort key "Posting date" is automatically updated
in "Assignment" field unless you manually insert anything
in assignment field.
Let's take a simple example for why sort keys are helpful.
Suppose, there is GR/IR account created with sort key 014
(Purchase Order) so at the time of
1. Goods receipt Purchase order with item no will
automatically filled in assignment field.
Inventory dr. 15000
GR/IR cr 15000.
In GR/IR account item Assignment would be 150000 10.
2. Invoice through MIRO will also feed Purchase Order with
item no in assignment field.
GR/IR dr . 15000
Tax dr. 5000
Vendot cr. 20000
In GR/IR account item Assignment would be 150000 10.
Now your entry is over. There are large number of such
entries posted in the period for the GR/IR account.
So, manual clearing becomes very tedious for GR/IR clearing
account. In order to avoid that Automatic Clearing program
is configured in OB74, where you give field ZUONR i.e.
assignment in first criterion. So, line items with same
assignment and amount will be cleared automatically upon
F.13 transaction.
Is This Answer Correct ? | 12 Yes | 3 No |
Answer / prem
sort key: its used to sorting the different different
bussiness transactions.
001 - Posting Date
002 - Document No by fiscal year.
012 - Vendor Number.
031 - Customer Number.
027 - Value Date.
018 - Asset No. etc,.....
003 - Document Date
Is This Answer Correct ? | 12 Yes | 5 No |
Answer / amalendu dinda
sort Key: When u post the line item in GL account, the field
called Assignment is populated, and when u run the report of
the GL Account ( GL account line item report), the system by
default sort the value specified assignment field.
Different type of sort key such as 001,002,003,008 for cost
center ect. are maintained in SAP FICO.
Is This Answer Correct ? | 2 Yes | 1 No |
Answer / mohd majid khan
Hi lovely_santu you forgot the sort key 008 (Cost center).
Is This Answer Correct ? | 4 Yes | 11 No |
Which function type has to be used for using "at exit-command" ?
What is day limit in payt terms
1.What is the difference between Characteristics & Value Fields in CO-PA ?
Explain revenue account determination in sd? : fi- accounts receivable
what are tickets?What tickets u got and explain about them?
can anyone please share SAP FICA interview questions and answers ?
If we are Maintaining diffrent tax Percentage rates in FTXP and pricing Procedure? what will happen in Accounts? which percentage will taken by system at the time of posting?
Dear experts can you please explain to me whether a vendor/customer master data have 2 different terms of payment in the company code segment and the purchasing organization/sales area segment simultaneously??
How does master data differ from transaction data in co? : co- general controlling
Settlement of Internal Orders?
What is financial accounting sap ?
When we create a material (me21n), I wanted to calculate my Input tax amount on the actual price instead of base amount? What to do plz tell me urgent? Shall we need to customize at tax procedure or we have any another procedure for MM?