DIFFERNCE BETWEEN ACCOUNT KEY & ACCURALS IN MM PRICING
Hello,
Please explain the difference between Account key & accruals in MM pricing procedure. In which situation account key will be used & accruals will be used & what is the impact.
Thanks & regards
Varun Bisaria
Edited by: Csaba Szommer on Jun 22, 2011 8:32 AM
As Suggested by you similar to Frieght can we meet the Following below requirements
a) Does can we have an account key and accrual key for Discounts Which can be capture on MIRO? Does it add on material Cost ?
b) Does can we have an account key and accrual key for Packing and Farwarding which can be capture in MIRO ? Does it add on material Cost ?
c) Does can we have an account key and accrual key for Octroi ? Which can be capture on MIRO? Does it add on material Cost ?
Waiting for your Valuavle Suggestion.
Yes u can have the accounting key and accurak key for all those conditions in which u have marked the accurak key in condition ( M/06).
ALL the costs will be inventoried during whether u use accuarl and accounting or not. they are just use to flow the cost to different gls.
The acconting entries will be
during gr
Inventory account +ve 100 rs
GR/IR account -ve 80 rs
purchase account +ve 80 rs ( in obyc key EIN)
Frieght account +ve 20 rs ( in gl defined in accounting key)
fright clearing account -ve 20 rs ( in gl defined in accural key)
Purchasing offset account -ve 100 rs( in obyc defined in purchaisng offset account).
Similar Messages
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Account key and accruals in pricing
Hi all
what is the difference between account key and accruals.
Regards
chandraAccount key
Key that identifies different types of G/L account.
Use
The account key enables the system to post amounts to certain types of revenue account. For example, the system can post freight charges (generated by the freight pricing condition) to the relevant freight revenue account.
Account key - accruals / provisions
Key which identifies various types of G/L accounts for accruals or provisions.
Use
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.
regards,
indranil -
Difference between account keys FR3 & FR4
Hi All,
Can anybody tell me what is the difference between account key FR3 (customs clearing) and FR4(customs provision) in simple terms .
What I feel is FR3 is for payments which goes to material account and FR4 is cenvatable .
Correct me if I am wrong .
Regards
Abhijit Dashi
actually there is no diffrence technically but its depend on use ,in std system the use is given as follows
Freight clearing (FR1),
provision for freight charges (FR2),
customs
duty clearing (FR3),
provision for customs duty (FR4)
hope it clears
regards
kunal
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Hope this helps. Please remember to click “Mark as Answer” on the post that helps you, and to click “Unmark as Answer” if a marked post does not actually answer your question. This can be beneficial to other community members reading the thread. -
Dear All,
can any one explain the difference between Accounting Key and Accurals in Pricing Procedure
Thanks,
TiruHi:
You define your account keys in this menu option and allocate them to the condition types in the pricing procedures.
With the account keys, you group together similar accounts in financial accounting. Using the account key, the SAP System finds the desired G/L accounts.
The accrual 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 and payment to respective parties.
Please let me know if you need more information.
Assign points if useful.
Regards
Sridhar M -
GL account assign to pricing account keys /accreuls
Hello Guru's,
I have to create a GL account and it has to assign to a account key/ accruls in the pricing procedure. So that Billing invoice condition amounts posted into related finance accounts.
will anyone guide me the transactions / navigation to create a gl account and assign too Accruls / accountkey in pricing in the procedure?.
Moderator: Wrong forum - thread moved to ERP FinancialsHi
Creation of GL Account FS00 (take the help of FI guy)
Assignment TCode VKOA for sales and M/08 for MM
Cheers
Srinivas -
HI
Can i keep account key and accrual same
VinzHi
I think you are asking about the account key and Accrual key in Pricing Procedure
Any condition type which is not statistical in Pricing Procedure the value has to hit to accounts
For this account key is given in Pricing Procedure and the same is linked in VKOA with GL accounts (first account)
In case of rebates the accurals needs to be captured in separate GL account and hence Accrual key is maintained only for Rebate condition types and the same is captured in VKOA with provisional account (second account)
In standard for rebate conditon types ERB is used as account key and ERU is used as accural key
Can i keep account key and accrual same
Yes you can keep both as ERB or ERU (or both as ERJ or any key)
System will not get confused
Because Accurals ( the 16 th column in PP) the second provisional account is taken and for accounts ( the 15 th column in PP) first GL is taken in VKOA
But we will get confused
Hence it is better to keep as different keys
Regards
Raja -
Hi
Can anybody let me know the difference between Account Key DIF and PRD.
Both are descrbed as Price Difference but what is the exact scenario in which they are hit.
RegardsHi
In OMR6.....For your company code if you have activated the Tolerance key BD....ie) Form Small diff. Automatically.....then during LIV, any small diff is there for your invoice it will go in small diff. price variance Account...The transaction Event key for that is "DIF"......
For eg) For your Co.Code, you have maintained BD Upper limit Tolerance limit as 2 USDs... in OMR6
Now you have to do LIV for your PO which having value of 1000USD
Now even if you do LIV for 1002USD, The system will allow you to post the invoice and the Small Diff. Amount of 2USD, Will go to small diff account....for that the Transaction Event Key is DIF
If you post the Invoice for the same for 1003USD...means the system will not allow you to post and will give Error message..
PRD....Generally used Transaction Event Key When you get any Price Diff Acc. During GR or IR..
For. eg) For materail "M"...You are maintaining Price Control "S" in material master and the price is say 100USD.
Now you are making PO for 10 Ea. @ 110USD and while you do GR for that PO..The accounting documents will be generated as
Stock Acc. of Material "M" is Debited ie) 1000USD +
G/R & I/R Clearing Acc. is Credited ie) 1100USD --
The Difference is Price Diff ACC. is Debited ie) 100USD +
Here the transaction Event key for Stock Acc. is BSX, and for G/R&I/R Clearing Acc. is WRX and for Price Diff Acc. is PRD..
Hope you will understand
Reward if useful
Regards
S.Baskaran -
what is difference between account key and posting key?
Posting key actually defines which side of an Account either Debit or Credit & suggests to which Account it (Posting key) will posted.
Some of the standard Posting Keys are -
40 G/L Debit Posting
50 G/L Credit Posting
01 Customer Invoice
Account key is related to the Condition Type i.e. Price , Freight , Taxes , Discount. If you want to post the relevant value in different G/L Account then use different Account key & assign with G/L account in VKOA.
Best Regards,
Ankur -
Account key and Accurals in Domestic Pricing Procedure
Dear all,
Can any one Guide me on Domestic Pricing Procedure.
Please suggest ur valuable inputs on This.
1)What is da use of account Key in Domestic Pricing Procedure ? which account keys need to be maintained for which are all condition types ?
2) When it is required to maintain account keys ( What is da Purpose )?
3)What is da use of accurals in Domestic Pricing Procedure ? which accurals keys need to be maintained for which are all condition types ?
4) When it is required to maintain accural keys ( What is da Purpose )?
Best Regards
Javeed ahamedAs Suggested by you similar to Frieght can we meet the Following below requirements
a) Does can we have an account key and accrual key for Discounts Which can be capture on MIRO? Does it add on material Cost ?
b) Does can we have an account key and accrual key for Packing and Farwarding which can be capture in MIRO ? Does it add on material Cost ?
c) Does can we have an account key and accrual key for Octroi ? Which can be capture on MIRO? Does it add on material Cost ?
Waiting for your Valuavle Suggestion.
Yes u can have the accounting key and accurak key for all those conditions in which u have marked the accurak key in condition ( M/06).
ALL the costs will be inventoried during whether u use accuarl and accounting or not. they are just use to flow the cost to different gls.
The acconting entries will be
during gr
Inventory account +ve 100 rs
GR/IR account -ve 80 rs
purchase account +ve 80 rs ( in obyc key EIN)
Frieght account +ve 20 rs ( in gl defined in accounting key)
fright clearing account -ve 20 rs ( in gl defined in accural key)
Purchasing offset account -ve 100 rs( in obyc defined in purchaisng offset account). -
Accurals & Account Keys in Subcontracting Pricing Procedure- Urgent
Hello,
I have given the Accural: FRN in the Subcontracting Procedure for the Freight Condition Type with a account that is related to the Process Stock account in OBYC.
While i check the Accounting entries after doing GR the Freight amount is posted to the same G\L account (Process Stock account ) with debit & Credit entries.
For Eg: 125058 Process Stock 100+
125058 Process Srock 100-
While Posting the freight vendors invoice (by selecting Planned Delivery Costs tab) the the same G\L account is showing two times with Debit entry it does not allow me the to post the invoice (Error: Balance in Transaction Currency)
Please suggest me if i am missing anything.
Thanx & Regards,
Kumar RayuduHi,
The account keys ERL , ERS, DIFF which are related to revenue and sales deduction in your pricing procedure are defined in transaction VKOA. Here the account key, chart of accounts, your sales organization and G/L accnt combination are maintained.
Whereas all the tax codes G/L accounts get picked from transaction OB40 , So in your pricing procedure where ever you see tax account keys, make sure you go to OB40, input your tax code and then you will see all the G/L accounts against each respective account key. This is nothing but the calculation of tax on sales / purchases.
Hope this will solve your query.
If it does, please dont forget to reward points for contribution.
Regards
Ravi -
What is diff between acrual key & account key
Pls let know the diff. between acrual key & Account key SD pricing procedure
Hi Prem,
In Account Key pricing procedure, Account keys are assigned to the condition types in the pricing procedures, this allows conditions
such as freight conditions to posted to special freight revenue accounts.
You can assign the Account keys using the following menu path in SPRO transaction,
Sales and Distribution -> Basic Functions -> Account Assignment/Costing -> Revenue account determination -> Define and assign account keys -> Assign
account keys.
Before doing this you need to define the Account Keys in
Sales and Distribution -> Basic Functions -> Account Assignment/Costing -> Revenue account determination -> Define and assign account keys -> Define Account key.
Accruals are considered during Rebate Agreement processing.
For example, Condition records are linked to the rebate agreement specifying the rebate rate and the accrual rate.
When the rebate -relevant billing documents are processed, accruals can be determined and posted
automatically by accessing that condition record. Corrections regarding Accurals are done using Credit memos.
Hope this helps.
regards,
Raj -
Pricing Procedure - Account Key & Accrls - Accruals configuration
Hi guys ,
I have question about these two config settigs for pricing procedure.
1 AccKey - Account Key
2 Accruals
Standard system has some GL accounts, such as ERB,ERF,ERL,etc .
If we need to have specific GL accounts for example, vendor discount,fuel surcharge we need to cofigure them and add them in pricing procedure.
I was wondering , who would be the functional group to configure those GL accounts, FICO or SD ?
Where can see the config of GL accounts ?
Thanks
DonaHi Done,
As per my under stand ERL, ERF and ERS are account keys not G/L accounts.
These account keys are assigned to particular G/L accounts so that integration will happend between SD and FI.
U can define ur own account keys as per client requirement. This account keys are defined by SD cunsultants.
menu path for define account keys:IMG- sales and Distribution- basic function- pricing - account assignment and costing- revenue account determination and difine and assign account key.
here u can define and assign account keys.
Hope this will helps u.
Thanks & Regards
Sasikanth.Ch -
Hi,
I want to know differnece between accurals and account key.
Suppose for particular condition if i will have both then what will be impact..
At the time of GRn which key is coouring meand accural or accoun key.
Thx . in advance.
regards,
Rajendra D. Sawant.As I have told before that this both comes in play when u have delivery cost in PO
so when u do GR or MIRO this both keys for delivery condition type get activited
both this key are used to determine GL account for automatic determination and the setting is done in OBYC
Accurals come in to action only if u have activated purchase accounting for your company code keys used are EIN, EKG and FRE
Account key comes in action for posting freight accounts (delivery cost) for normal inventory valuation.
SO say u have activated purchase accounting for ur company code
and ur po value is
base price 1000
Freight cost 100 having FRE in Accural and FR1 in Account key
and in OBYC u have assigned GL to EIN, EKG FRE and FRI
when u post GR
BSX 1100 +
WRX 1000 -
FR1 100 -
EIN 1100+
EKG 1000-
FRE 100 -
and in MIRO
Vendor 1100 -
WRX 1000 +
FR1 100 +
EIN 1100-
EKG 1000+
FRE 100 +
Accurals EIN, EKG and FRE
are only used if purchasing accounting is activated , and is u to just get the total purchases
hope now its clear -
Accrual and account keys in pricing schema
Hi,
1.Can anyone explain the difference between accrual and account key ?
2.Whether for freight condition type (FRA1) , mandatorily we should put Accrual as FR1 and account key as FRE.?
3.Suppose I have customs also and I want to put the cost of both (custom and freight ) in one account , then whether I can put the account key FRE for both condition type or accrual I should put same ?
pls explain.
regards,1.Can anyone explain the difference between accrual and account key ?
The account key enables the system to post amounts to certain types of
revenue account. For example, the system can post freight charges
(generated by the freight pricing condition) to the relevant freight
revenue account.
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.
2.Whether for freight condition type (FRA1) , mandatorily we should put Accrual as FR1 and account key as FRE.?
Yes you have to have the both the key to for that but you can defin your own also...the reason you have to have that because with the accrual you can post the freight to particular account
3.Suppose I have customs also and I want to put the cost of both (custom and freight ) in one account , then whether I can put the account key FRE for both condition type or accrual I should put same ?
in this case use same account and accrual key.
If you dont define the condition as accrual then the tax is applicable on it and you can't post to particular account
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