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

  • Account key and accruals in pricing

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    Regards
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    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
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    Use
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    hi
    actually there is no diffrence  technically but its depend on use ,in std system the use is given as follows
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  • Accounting Key and Accurals

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  • Accrual and account key

    HI
    Can i  keep  account key and accrual same
    Vinz

    Hi
    I think you are asking about the account key and Accrual key in Pricing Procedure
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    For this account key is given in Pricing Procedure and the same is linked in VKOA with GL accounts (first account)
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  • Account Key PRD and DIF

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    Regards

    Hi
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    G/R & I/R Clearing Acc. is Credited                    ie) 1100USD --
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    Reward if useful
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  • Account key and posting key

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  • Account key and Accurals in Domestic Pricing Procedure

    Dear all,
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    Please suggest ur valuable inputs on This.
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    2) When it is required  to maintain account keys ( What is da Purpose )?
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    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).

  • 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.
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                125058 Process Srock 100- 
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    Please suggest me if i am missing anything.
    Thanx & Regards,
    Kumar Rayudu

    Hi,
    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,
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    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
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    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
    Dona

    Hi 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.
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    Thanks & Regards
    Sasikanth.Ch

  • Accurals and account key

    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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