why do we giwe different posting keas for different
transactions ?
Answers were Sorted based on User's Feedback
Answer / sridhar
To understand the type of transaction which one is credit,
which one is debit and nature of transaction like sales
order/purchase order/GL Transaction/Asset purchase.....
Is This Answer Correct ? | 3 Yes | 0 No |
in gl postings we use only 2 postings keys i.e 40 for debit
and 50 for Credit line itme. reason for using only 2
posting keys is that while creating a GL Master Data we
have diffrent Field status groups, Where as in AP and AR
sub modules we dont have option of Using Field status
groups while Creating master data of Customer and Vendor
msater data. as we dont have option of Using FSG in AP and
AR, hence we use diffrent posting keys in the sub module.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / pp
To know which type of account the line item can be posted to.
The item is posted as credit or debit.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / k.l.paliwal
Posting Keys controls inputs for different nature of accounts (GL, AP, AR, AA), it controls debit and credit effects during the entries, and screen inputs.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / suvarna
Posting Keys to define the debit and credit of the line item
Is This Answer Correct ? | 0 Yes | 0 No |
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