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What is a Sort key? What r the different tpes of Sort Keys 
u have in SAP(FICO)
 Question Submitted By :: FI-CO
I also faced this Question!!     Answer Posted By  
# 1
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 ?    68 Yes 5 No
# 2
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
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.

Is This Answer Correct ?    9 Yes 0 No
Mamidi Vijay
# 3
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 ?    8 Yes 1 No
# 4
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 ?    9 Yes 3 No
# 5
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 0 No
Amalendu Dinda
# 6
Hi lovely_santu you forgot the sort key 008 (Cost center). 
Is This Answer Correct ?    4 Yes 10 No
Mohd Majid Khan

Other FI CO Interview Questions
  Question Asked @ Answers
During Asset migration. Data migration team has upload one asset has 10 years useful life and acquisition value 10.000 usd. asset has already use for 4 years so net book value should be 6000 usd. asset has already uploaded. the problem was asset should be used in 3 year. how to correct asset that has already upload in 4 years and the user want to correct it from 4 years to 3 years. how to correct the net book value from 6000 to 7000? Deloitte 1
Where we define new in ifrs and gaap iGate 2
How systems doing cheque Printing.   2
Hi Gurus, Iam getting an error in MT940 uploading ff.5. after processing it is showing account was not updated in the status bar and when i clicked on information it is showing me INR: statement 200900000 is not in the bank data. when i clicked on the help it is showing Diagonis : the previous account statement is not imported. Kindly help me . it is very urgent. As this is my final round of scenario round If possible send me the steps for MT940 to Thanks in Advance   1
FI has to be closed first and then only CO? Clarify Pls...   4
In - Order to cash process like Sales order,Delivery,Billing,Payment - In COPA at what point of OTC the entry is updated in COPA & what was that entry   2
Hi, People move to SAP Consultancy by making a shift over from their domain area, is there any chance for a SAP consultant to move back to the domain. For example a SD consultant trying to make it back to the Marketing function..... Honest answers please....   1
what is the relation between fi & co and ho the accounting flow takes place?   1
I have two companies and each one company having 3 company codes,having each one group chart of account. How can i assing these group chart of accounts and transactional chart of account to all company codes.   6
Unble to get the foreing exchange rate :- HI all, while im posting transaction in f-02 with foreign currency, how can i get the todays exchange rate into my document acutomatically, please help me in this issues. regards, srinivas   1
Period not open for a/c type S :- Guys, I have not been able to fix this out. Please guide what procedure to be followed. error: ''''Period 001/2011 is not open for account type S and G/L 799999''''. I''ve checked OB52 screen but not very sure what amendments to be done.   2
For more FI CO Interview Questions Click Here 

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