Posting rules defined in account key in table T007B

Hello Expert,
I am trying to post a document in FB60, however SAP generates below message
'No posting rules have been defined for the account key in the tax table in table T007B.
Change the tax table, enter an account key already defined for the transaction in question or define the posting rules for a new account key in table T007B'
I have checked the Rules, Posting keys and Accounts for that Account key in transaction OB40, however the error continues to exist.
Please help.
Regards
Sandip

Hello,
I checked FBKP & OBCN and it looks like the settings are correct. Is there any other reason fro this error?
regards
Sandip

Similar Messages

Posting rules exist for account key

Hi ,
I got the message while creating PO AND WHEN I try to enter Tax code and Tax Jurisdiction i am getting the following error message :
No posting rules exist for account key
Message no. FF714
Diagnosis
No posting rules have been defined for the account key in the tax table in table T007B.
Procedure
Change the tax table, enter an account key already defined for the transaction in question or define the posting rules for a new account key in table T007B.
can any one give me solution to solve this issue !!!
Thanks & Regards,
senthil.

Hi Senthil
Based on your explanation I can understand that the Configuration settings for Automatic Account Determination is not done perfectly for the Account Ket vs GL Account. Do cneck this process carefully because here we define the posting rule, posting keys for the determined account key and later assign the same to the GL Account.
regards
Murali Kanth Natti

No posting rules exist for account key

Hi
When i am creating PO with Excise, it shows the below error:
No posting rules exist for account key
Message no. FF714
Diagnosis
No posting rules have been defined for the account key in the tax table in table T007B.
Procedure
Change the tax table, enter an account key already defined for the transaction in question or define the posting rules for a new account key in table T007B.
I have checked OB40, OBCN, OBYC, but unable resolve. correct me if i miss anything??
Regards
Prasanna

I have checked OBQ3 & OBCN. And changed the transcation key, but still same exist.
This is first excise po.
hope am not missing any thing.
Regards
Prasanna

No posting rules exist for account key while doing purchae order.

Hi SAP Expert,
I have following problem while doing purchae order.
No posting rules exist for account key
Message no. FF714
Diagnosis
No posting rules have been defined for the account key in the tax table in table T007B.
Please give me reply.
Thanks in advance,
Yogesh.

check MM pricing procedure for any condition account key is assigned and for that account key, no GL is configured in OBYC, if it is related to tax condition type OB40.
regs,
ramesh b

No posting rules exist for account key - ME21N

Hi all!
I am raising a PO and while assigning the tax code system throws me an error as below,
___No posting rules exist for account key___
No posting rules exist for account key
Message no. FF714
Diagnosis
No posting rules have been defined for the account key in the tax table in table T007B.
Procedure
Change the tax table, enter an account key already defined for the transaction in question or define the posting rules for a new account key in table T007B.
Thanks in advance,
Raj.

Hi
Goto OBYC and then select your transaction key
Thne enter Chart of account -
Define maintain Pposting ket and rule
Regards
vivek

No posting rules exits in acct key Mess no.FF714 in trx.FF70

Dear All,
We have already implemented the TAXINN procedure and posted invoices in MIRO, FB60, VF01, FB70.
Where aas we have added few more condition types which is related to the SD service tax in the TAXINN Procedure for posting the invoices in FB70.
Where as the system gives a message that No posting rules exits in acct key Mess no.FF714 .
I have already checked the T007a table for the account keys configured and also checked the posting rule for the tax codes.
Please suggest me how to proceed further.
Thanks for your cooperation..
Thanks and Regards.

Hello Suresh,
Have you been able to solve that problem...
I am getting the same problem. KTOSL is empty and have tried lots of debugging to see why it's happening, but did not find anything.
Kindly let me know if you have been able to solve the problem and how?
Thanks in advance.
Parvez

Posting rule in Bank Account Configuration.

Kindly tell what should be posting rules in case of :-
1. Cheque Issued & Cleared.
2. Received cheque Cleared.
3. Bank transfer outgoing.
4. bank transfer incoming.
5. bank charges
6. Interest expense
7. interest income.
8. service tax receivable component in bank charges.
Rgds,
Alok Sharma

Hi Alok,
1. Bank - Payables clearing     - Debit
    Bank - Main acct                - Credit
2. Bank - Main acct                  - Debit
    Bank - Receivables clearing - Credit
3. Bank outgoing transfer cl      - Debit
    Bank - Main acct                 - Credit
4. Bank - Main acct                   - Debit
    Bank incoming transfer clg    - Credit
5. Bank charges                    - Debit
    Bank - Main acct                  - Credit
6. Interest exps                     - Debit
   Bank - Main acct                    - Credit
7. Bank - Main acct                     - Debit
    Interest Income                     - Credit
Regards,
Mike
Edited by: Michael Gerard Leo on Mar 24, 2009 11:22 AM
Edited by: Michael Gerard Leo on Mar 24, 2009 11:22 AM

Account key and posting key

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

What is account key and where do i define them?

hello,
what is account key and where do i define them? which transaction?
Thanks

Hai Shilpa,
1) You can create Account Keys in OBCN t.code this is used for Tax Procedure purpose
2) Secnond one is the u can create in FI-SD integration purpose
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.This way you can allocate a separate account key to each condition type within a pricing procedure to implement detailed revenue account determination.For example, you can allocate a freight condition to a freight revenue account, or a surcharge for packaging costs to a corresponding account for packaging revenues.
u2022ERF freight revenues
u2022ERL revenues
u2022ERS sales deductions
u2022EVV cash settlement
u2022MWS sales tax
SPRO u2192 REF IMG u2192 Sales and Distribution u2192 Basic Functions u2192 Account Assignment/Costing u2192 Revenue Account Determination u2192 Define and Assign Account Keys
Regards
Madhu I
Edited by: Madhu I on Apr 14, 2009 4:25 PM

Why do we need account key in SD revenue account determination?

Hi,
Why do we need account keys in SD pricing procedure and revenue account determination? If we dont use account keys wht will be the problem in priding procedure and revenue account determination?

hello, friend.
account keys allow you more flexibility in assigning revenues, costs and other financial data to different GL accounts.
let us take, for example, surcharges and discounts. surcharges are extras charged to the customer for maybe freight, penalties and other services. discounts could be header or item related, and can take many forms (volume discounts, customer discounts, customer group discounts, etc.).
in SAP standard, condition types in pricing procedures that are surcharges (i.e. freight) are assigned to account key ERF. discounts are assigned ERS. when you do account determination, it can look like this:
condition type KF00 (freight), account key ERF, post to GL account 600010.
condition type K007 (discount), account key ERS, post to GL account 700010.
however, your company might want the different surcharges to be posted to different GL accounts. let us say your company wants you to define additional freight surcharges KF01 and KF02. the company also wants you to post these to separate GL accounts. so now, you define additional account keys ZF1 and ZF2. you then assign these to the condition types in the pricing procedure, and then do account determination as follow:
condition type KF01, account key ZF1, post to GL account 600020.
condition type KF02, account key ZF2, post to GL account 600030.
these are just some impact of account keys.
hope this helped you.
regards.

Posting rule - Cheque Bounce - Bank Statement Processing

Hi friends,
I am configuring for bank statement processing.
Among the posting rules I have to set, I am doubtful about the posting rule (debit, cridit, & account symbol.) for the 'cheque deposited bounced' & 'cheque issued bounced' transaction.
Kindly offer your valid advice on this.
Points will be given for the helpful answers.
Regards
Babu

In the definition of the level 2 posting rule, you have a couple of options. You can leave the posting rule type as a subledger clearing and specify a "Posting on acct key". With that SAP will attempt to clear, but if it can't it will use the posting key specified to post on account (FB01).
Another option is to change the posting rule posting type from clearing the subledger to posting to the subledger - in this case, SAP will not attempt to clear anything, but just post everything on account.
In either scenario, if the system does not have an invoice to clear, then you will probably need to use a search string to assign the customer number so the system knows what account to use for the on account posting. Search strings look at the remittance information on the bank statement (Note to Payee). You would need to create search strings specific to each customer. The search string would map the customer's remittance information to the customer's number in SAP. There are multiple posts in this forum and the ERP Financials - Treasury Applications forum regarding configuration of search strings.
Regards,
Shannon

Accounting Key and Accurals

Dear All,
can any one explain the difference between Accounting Key and Accurals in Pricing Procedure
Thanks,
Tiru

Hi:
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

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

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).

Account key & Accrual

Dear all,
why both are used against condition type in the pricing procedure. like for FRA1and other provision condition types.as account key and accrual key are tied to G/L accounts.
where as only one G/L account is enough to post the amounts.

Hi,
Account key is mainly used for Frieghts:
Account key enables amount to post to certain revenue accounts, for example freight charges. When you add freight related condition types, it will be added to separate G/L accounts, means this will not be added to material price.
Accruals mean accumulating:
With addition 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.So from the above it understood that, it will accumulate all rebate related amounts to separate account.
Regards,
Biju K

Posting rules defined in account key in table T007B

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