What is posting key and what does it control?
- 13 Answers
- 63372 Views
- HCL, I also Faced
- E-Mail Answers
Answer Posted / prakash
A posting key in SAP is a 2-digit alphanumeric key that controls the entry of line items.SAP comes with many posting keys for meeting the different business transaction requirements:40(GL debit)50(GL credit)01(Customer invoice)11(Customer credit memo)21(Vendor credit memo)31(Vendor payment)etc.
The posting key determines:-
1.What account can be posted to
2.Which side of the account(debit or credit)to be posted to,and
3.What 'layout'screen needs to be used for that particular transctio
TRANSACTION CODE-OB41
It is a normal pratice not to chaned any of the default posting keys in the system as you would very rarely require additional postong key.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
How do you get about defining co-product functionality in repetitive manufacturing?
How do you configure electronic bank statement?
After creating a customer/vendor, how can we check that under which account group we have configured this customer/vendor?
What is an exchange rate type?
What are non-fixed characteristics or user defined characteristics? : co-pa
What are the other modules to which 'financial accounting' is integrated?
Explain asset class
In Validation ob28 i cant assign more than one validation the error is already existing the same company code?
Explain about fi organizational structure?
How does the system calculate depreciation? : fi- asset accounting
What do you understand by company and company code?
What is apc?
What is a line item? : fi- general ledger
Describe the dunning process? : fi- accounts receivable
What is a mixed cost? : co- cost center accounting
