Interested to Buy Any Domain ? << Click Here >> for more details...
What is a Sort key? What r the different tpes of Sort Keys
u have in SAP(FICO)
- 6 Answers
- 58554 Views
- ABC, L&T, Stride Software, Volkswagen, I also Faced
- E-Mail Answers
Answer Posted / babu9653
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 |
Post New Answer View All Answers
Why do you need country chart of accounts?
Hi Gurus, Kindly give few practical examples in GAP analysis where we cannot map into SAP from legacy system.
Explain the importance of asset classes in the sap software?
What is the importance of good received/ invoice received clearing account?
Hi all.... Please explain to me... what G/L account should I maintain / create If I want to do the intercompany transfer asset - no revenue. and if I want to do the intercompany transfer asset - Net Book Value. What is the different between this 2 method. My company's requirement is ... 1. Transfering the asset on company A to company B, example Asset 1 - acquisition date : 01.06.2007 , acquisition amount : 1000, accumulated depreciation till 31.12.2007 : 10 so the net book value is 90, useful life 4 years the company wants to transfer this asset in company B. is it possible to transfer all the data just like I explain above : acquisition date : 01.06.2007 , acquisition amount : 1000, accumulated dep = 10
What are posting keys?
Difference between depreciation ,accumulated depreciation and apc? What is apc?
can any one explain briefly about solution manager in sap
in require sap fico questions
What are the issues you faced after the implementation project in go-live?
if New plant is arrived what are the pre checks we will perform from Controlling end?
What are account assignment models?
NO CENVAT AMOUNT TO BE POSTED --------Please reply me its very urgent till now I didnt get the answer DETAILS REGARDING THE ERROR Process: J1iex for GR Posting simulation using j1iex Part 1 is captured While posting, this issue is coming. No part 2 is getting captured.
How many retained earnings a/c can be defined?
What is sap fico?
