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Free and Open Source ERP - ERP next

  Introduction What is an ERP system? And why should businesses use it? Today, small and medium-sized businesses (SMEs) also face some of the problems that large enterprises do. One of them being planning and managing their resources. SMEs face similar complexities but have limited resources to deal with them. Small businesses (like their bigger counterparts) have to: Do accounts to track their sales/purchases. Do their taxes. Pay their employees. Manage deliveries within promised timelines. Deliver quality goods and services. Communicate with customers, answer their queries. Large enterprises invest millions of dollars in highly sophisticated systems like SAP. SAP and similar systems are able to handle requirements from these large enterprises to bring their  multi-country ,  multi-company ,  multi-currency , global businesses into a single platform. This has helped them achieve consolidation of data/records in the fundamental processes such as accounting, taxation, payroll, reporting
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SAP FI Define Posting Keys


Posting Keys in SAP FI are used to determine Account types (A, D, K, M, and S) and also the type of posting. It is 2-digit numerical key.

Different Account Types in SAP FI −

  • A = Assets
  • D = Customers
  • K = Vendors
  • M = Materials
  • S = General Ledger Account

Asset Posting Keys

Posting KeyDescriptionDebit/Credit
70Debit AssetDebit
75Credit AssetCredit

Material Posting Keys

Posting KeyDescriptionDebit/Credit
89Stock Inward MovementMaterial Debit
99Stock outward MovementMaterial Credit

There are various Account type posting keys available in SAP FI.

How to create a SAP FI Posting Key?

Go to SPRO → SAP Reference IMG → Financial Accounting → Financial Accounting Global Setting → Document → Line Item → Controls → Define Posting Keys → Execute.

Define Posting Key

Click the Create icon.

Create Posting Key

Enter the 2-digit numeric code (Example ‘02’) and the name of the posting key and press the Enter key.

2-digit Numeric Code

Now you need to provide the following details −

  • Debit/Credit Indicator − Select Debit or Credit.

  • Account Type − Select the Appropriate account type.

  • Other Attributes − Select other appropriate attributes.

  • Reversal Posting Key − Update the reversal posting key.

Maintain Acc Config Posting Key

The next step is to click the Save icon to successfully configure the posting key.

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