What is posting key and what does it control?

Answer Posted / purushothaman kannan

POSTING KEY DECIDE THE ACCOUNTING ENTRIES DEBIT AND CREDIT
PART AND ALSO IT DECCIDES VENDOR CREDIT/DEBIT , CUSTOMER
CREDIT/DEBIT FIXED ASSET DEBIT/CREDIT OR GL CREDIT/DEBIT

POSTING KEY DETAILS

DEBTORS POSTING KEY (DEBIT) 1-9 (CREDIT) 11-19
CREDITORS POSTING KEY (DEBIT) 21-29 (CREDIT) 31-39
GL POSTING KEY (DEBIT) 40 (CREDIT) 50
AA POSTING KEY (DEBIT) 75 (CREDIT) 75

Is This Answer Correct ?    11 Yes 10 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the cash management? : fi- general ledger

735


How do you open and close periods?

730


What are account assignment models? : co-pa

742


Hi 1 Question please My client is on SAP since last 3 years and now they want to migrate their asset related data with AM solution, I would like to know the steps and precaution to be taken at the time of legacy data migration and how to reconcile ABST2 report.

1738


What is a special period? When do you use it?

769






What are the standard stages of the sap payment run?

1190


Differentiate free offsetting entry from a statistical posting? : fi- accounts payable

811


what is an automatic posting? : fi- general ledger accounting

774


How can I copy a standard table to make my own?

733


What is known as an exchange rate spread?

854


Is it possible to change an existing b/s gl a/c to the p&l type? : fi- general ledger

839


Hi sap expert. i want to know all the interview type of question and answer in asset management, automatic payment (app) and field status group.

1737


Why doesn't the system allow you to change the tax category in a gl account master? : fi- general ledger accounting

784


Can you have non-calendar months as periods in a non-calendar fiscal year?

732


diff types of fi and co quations pls tell me

1835