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Account posting keys

What is the role for the account posting keys... i really got confused why we were using that... y some times while posting some material doc the error's are coming...

GBB, WRX, BSV, FRL...etc.,

How many posting keys are there and y it is used..i searched in google but could not understand...

can any one explain clearly...

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    author's profile photo Former Member
    Former Member
    Posted on Aug 18, 2011 at 09:24 AM

    hi.

    you do various activity in MM..like..purchasing...goods receipt...goods issue...stock transfer...etc........

    for most of the activity in MM..2 documetns are generated...

    material document and accounting document..

    whatever we do in MM..we incurred some cost for that activity like purchasing...stock transfer..etc..

    so finance dept has to keep track of all these acitivities and where the money is spent and in which account...

    these keys are picked up on the basis of mvt type...u can chek in OMJJ.....

    so for that there are different keys are given..like GBB, WRX, BSV, FRL...etc..

    Whatever activity u do...that particular keys is fetched on the basis of mvt type. and accounting entry is being done..

    this keys are assigned to one G/L account in OBYC....

    these keys has some fields like..valuation type..modification class and debit and credit..

    hope it will help u..

    thanks...

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  • author's profile photo Former Member
    Former Member
    Posted on Aug 18, 2011 at 08:40 AM

    Hi,

    Posting keys for the posting lines.Normally you do not have to change the posting keys. If you wish to use new posting keys, you have to define them in the Customizing system of Financial Accounting. Two types of posting keys are there debit posting key and credit posting key. Under each posting key there are enormous option to select according to your requirement. For debit posting key 99 options and for credit posting 99 options are there.Posting keys are independent of chart of accounts. I hope this will help you.

    Edited by: Padmasri G on Aug 18, 2011 10:43 AM

    Edited by: Padmasri G on Aug 18, 2011 10:44 AM

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  • author's profile photo Former Member
    Former Member
    Posted on Aug 18, 2011 at 08:48 AM

    Hi

    You want to see the posting keys goto OBYC goto posting key(f9) There are two posting keys DEBIT nd CREDIT. (if you press f4 you acn see all the posting keys. these keya are independent on chart of accounts.

    Edited by: Nijamudeen**MM on Aug 18, 2011 2:46 PM

    Edited by: Nijamudeen**MM on Aug 18, 2011 2:49 PM

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  • Posted on Aug 18, 2011 at 08:49 AM

    Hi,

    First of all these are not Posting Keys, these are called as Transaction Keys and to get the complete list of Standard List of these Transaction Keys, go to following path;

    SPRO > Materials Management > Valuation and Account Assignment > Account Determination > Account Determination Without Wizard > Configure Automatic Postings - Here click on "IMG Activity Documentation"

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