What is GL account type in SAP? G/L account master records is an account’s function. G/L account master records control posting of accounting transactions. General Ledger Accounts (GL) in SAP are divided into two parts a. Chart of Account Section and b. Company Codes Section.
How do I view GL in SAP? In SAP R/3, go to Accounting → Finance Accounting → General Ledger → Master Records → G/L accounts → Individual Processing → Centrally.
What is GL posting in SAP? Enter G/L Account Document for Ledger Group as a single-screen transaction (or Enter General Posting for Ledger Group as the standard function) With this function, you can post to a specific ledger group. The document data is posted to all ledgers that are assigned to the ledger group.
What is the posting key in ERP? Posting Key refers to a double-digit numeric key that is defined to controls the entry processes of document line items in an FI Transaction. These posting keys specify whether the line item is a debit or credit entry account type. It also specifies the screen layout of the line items.
What is GL account type in SAP? – Related Questions
What does the posting key control?
This key determines how the item is posted. Posting keys are defined at client level and therefore apply to all company codes. The posting key determines: The data you can enter in the line item.
What is GL master data in SAP?
The G/L account master records control the posting of accounting transactions to G/L accounts and the processing of the posting data.
How do you define a posting key?
This key determines how the item is posted. Posting keys are defined at client level and therefore apply to all company codes.
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The posting key determines:
- The data you can enter in the line item.
- How data you post is processed.
- How the system updates the data you enter.
What is posting type in SAP?
1) Post to G/L account. 2) Post subledg.acc deb. 3) Post subldg.acc cred. 4) Clear debit G/L acct. 5) Clear credit G/L act.
What is the GL account credit posting key?
Posting Key is a two-digit numeric key. It is defined to control the entry of document line items in a FI Transaction. Posting Key specifies the line item is either debit or credit entry, account type and the screen layout of line items. Special posting keys are used for posting special General ledger transactions.
What is debit and credit posting in SAP?
The SAP system always interprets primary postings, reversals in FI, and activity-related and periodic postings in CO as debit postings (debits or adjustment postings of debits). In the case of secondary postings, the sender keeps a credit posting for the sender and a debit posting for the receiver.
What is account Type M in SAP?
In FI account type are denoted by one character. A- Assets. D- Debtors (Customers) K- Creditors(Vendors) M- Material.
What is posting key and what does it control in SAP Mcq?
Posting key is a two digit number which plays a very crucial role in posting an accounting document. As per standard practice, each key is used for a specific business transaction. Standard sap offer large number of predefined key.
What is account type DA?
A demand deposit account (DDA) is a bank account from which deposited funds can be withdrawn at any time, without advance notice. DDA accounts can pay interest on the deposited funds but aren’t required to. Checking accounts and savings accounts are common types of DDAs.
How do I create a GL master record in SAP?
To create GL account enter transaction code ‘FS00’ in SAP command prompt.
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Now, GL master data creation will populate and we need to provide the below:
- GL account number.
- Company code.
- Further, click on ‘Create’ option.
