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Pricing Procedure Accounting key

Dear Experts

Can u please tell me the use of Account key. In which case can it be used?

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  • Best Answer
    Posted on Oct 08, 2008 at 12:32 PM

    hi,

    Account key is mainly used for Frieghts.

    Account key enables amount to post to certain revenue accounts, for example freight charges. When you add freight related condition types, it will be added to separate G/L accounts, means this will not be added to material price.

    Accruals mean accumulating.

    With the aid of the account key, the system can post amounts to certain types of accruals accounts. For example, rebate accruals which are calculated from pricing conditions can be posted to the corresponding account for rebate accruals.

    Hope it helps...

    Regards

    Priyanka.P

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    • Former Member

      Priyanka,

      I am setting up rebates in SD , can you tell me where do you do config in Finance side. I know

      we need two G/L accounts i.e. 1. sales deduction a/c 2. Rebate Accrual a/c.

      Can you give me steps for the config.

      Thanks.

      Manish

  • author's profile photo Former Member
    Former Member
    Posted on Oct 08, 2008 at 12:30 PM

    hi

    Account Key u2013 assigned to GL accounts to register postings

    The account keys form part of account determination. These keys are used here to define the posting of the revenue generated to respective account heads& to subsequent assignment to GL accounts.

    Acts as link between SD and FI for posting the different components of the Pricing Procedure to the right accounts.

    Keys identifying the GL account to which the amount has to be posted.

    Account Determination Procedure is triggered to find the GL account and the accounting entries are made to the respective GL accounts

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