Contra account in FA

Hi everybody
I want to ask: "Is contra account is a clearing account?"
With transaction
"Acquis.w/Auto.Offsetting Entry":I do as follow:
In SAP menu : Asset>Posting>Acquisition> External acquisition> Acquis.w/Auto.Offsetting Entry.--> Result: a document is created.
And then I choose "Clearing Offsetting Entries". Choose: "Transfer posting with Clearing" and enter "Post Key:50, Account: clearing account, Amount" --> Then next item: enter "Posting key:50, Account: offsetting entry account"
You can tell me it is right or wrong?
Thanks so much
Ngocpt

Hi,
The only real contra account in SAP is the GRIR clearing account that has come due to PO-GR-IR, the three way matching process. In the rest cases the clearing is the result of the accounts maged on open item basis with ofsetting entires. Some times they make as contra and times not.
Hope this helps you.
Regards
Bharat

Similar Messages

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  • Error AU133 Account 'Contra account: Acquisition value' could not be found

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    Hi,
    Error AU133, is generally issued from some wrong or missing customizing.  The text of the error message indicates in your case that a "Account 'Contra account'" and area 64 is concerned.
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    Furthermore:                                                                               
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    5) As "Contra account: Acquisition value posting" you entered an asset G/L account. If necessary change the automatic posting indicator in the G/L account master record.                                                                               
    Regards Bernhard

  • Account 'Contra account: Acquisition value' could not be found for area 01

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    Hi,
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    Edited by: Chintan Shah on Jun 24, 2010 8:24 AM

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  • Contra account :Acqusition Value

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