Fund & Gl Account Assignement

[kiran_yelamarthy]

I have created a Fund in FM5I but I don'yt know where to attach a Fund Centre to a GL Account.

Can some one help me

Kiran

[Kris1]

How can i assign fund to a petty g/l

[Former Member · Accepted solution]

Hi

You need to create commitment item and assign it to the GL accounts , Fund cannot be assigned to GL accounts directly. Fund is bassically a group of commitment items for which you can do budgeting and control.

Anand

[Former Member]

Dear Kiran,

http://help.sap.com/saphelp_pserv464/helpdata/EN/b9/3ea582417c11d189400000e829fbbd/content.htm

Having created your commitment item hierarchy, you must then define account assignment items in the G/L accounts, which are relevant to the automatic account assignment derivation from the G/L account.

Prerequisites

A prerequisite is that you have first flagged the Commitment item field as an optional entry in Customizing for Financial Accounting by choosing Define screen format per account group (G/L accounts).

To ensure that data is correctly recorded and that commitment/actual values are correctly analyzed in the information system, it is essential that you define the correct control parameters for account assignment items in G/L accounts. If you do not, the values may be wrongly posted and displayed.

Activities

If you post to a particular G/L account, the posting is simultaneously recorded in the commitment item stored in it. The control parameters determine how and where the values are recorded in Funds Management.

When you enter a posting, the system proposes the commitment item from the G/L account for that line item. In accordance with the settings entered in Customizing, this recommendation value can be transferred or overwritten with another commitment item.

The financial transaction and item category are automatically taken over from the line item when you post.

Hope this will help.

Regards,

Naveen.