What is posting key and what does it control?
- 13 Answers
- 63369 Views
- HCL, I also Faced
- E-Mail Answers
Answer Posted / sarita pandey
Posting keys in SAP R3 FI work at the line item level. Posting keys serve three main functions in SAP accounting
- Posting keys control as to which type of account the line item in the document will be posted to.
- Secondly, posting keys control whether the line item will be posted as a debit or a credit.
- Laslty, posting keys help in determining field statuses for additional details.
posting key values depend upon the area in SAP FI.
General Ledger Transactions - "Debit" is posting key 40 and "Credit" is posting key 50.
Customer Invoices - "Debit" is posting key 01 and "Credit" is posting key 50.
Vendor Invoices - "Debit" is posting key 40 and "Credit" is posting key 31.
| Is This Answer Correct ? | 7 Yes | 4 No |
Post New Answer View All Answers
What are the problems when business area is configured?
explain 2 business scenarios which do you feel have considerable significance and what kind of solutions did you offer while working on the projects?
How do primary costs get picked up from cost center into the cost component structure?
What are the benefits of using business areas in a company?
What are the procedure for implementing FI Sub Module, like AR, AP, AA etc
How does the system identify a posting period?
Which of the fields you can display and log changes in fi?
Explain manual cost allocation? : co- cost center accounting
What happen if company were Implemented only FICO module and what is the disadantages?
What is payment advice? : fi- accounts receivable
How do you define a new company code?
1.HOW TO SPECIFY THE BANK OVER DRAFT LIMIT IN SAP TO BANK ACCOUNTS 2.IN ACCOUNTS PAYABLE FOR APP HOW TO PROCESS THE RECEIPT IN CASE FOR A VENDOR WHO IS ALSO A CUSTOMER AND FROM WHOM AMOUNT IS RECEIVABLE.
Is there any program/report which gives payment usage/document set off details against a particular document ?
How do you post cross-company code business area postings?
What does definition of a chart of account contain?
