Question: How Do I Assign A GL Account In SAP?

How do I assign a GL account to condition type?

Choose the procedure and select Control data from left side.

Here the account determination procedure is assigned to the condition type.

Choose the option – Assign account determination procedure.

Here the account determination procedure is assigned to the billing type..

What is Kofi and KOFK in SAP?

KOFI is used for postings to FI. KOFK is used for postings to CO. If SAP selects the KOFK assignments then it does both, the postings to FI and the postings to CO.

Can cost center be assigned to multiple company codes?

Cost center has an assignment of Company code and hence you can’t have 1 cost center for more than 1 company code though both are under same controlling area.

How GL account is determined in SAP?

The condition technique is also used in account determination in order to allocate the correct GL account to the account key, as assigned in the pricing procedure. IMG -> SD -> Basic Function -> Account Assignment -> Revenue account determination -> Check master data relevant for account assignment.

What is a GL account in SAP?

General Ledger (G/L) accounts are used to provide a picture of external accounting and accounts and to record all the business transactions in a SAP system. This software system is fully integrated with all the other operational areas of a company and ensures that the accounting data is always complete and accurate.

What is text item SAP?

Text can be created for objects like customer master, sales document header and item, billing document header and item as well as condition records. Text can be customer text, sales text, item note, packing note etc. SAP uses condition technique to determine text.. … So system ensures text about a sales document item.

How do I assign a GL account to cost center?

Assignment Rules – Center. Assignment Rules – G/L Account….Create an Assignment Rules – Center record for each cost center or profit center to be available for allocation.In Setup, open Custom Settings. … Click Manage in the row of Assignment Rules – Center.Click New.Specify the information as necessary.Click Save.

What is item category in SAP FICO?

An item category defines how a line item behaves in sales transaction. SAP Uses Item category to process a material differently in each sales document type. e.g. AFX – It is inquiry Item category ,it is not relevant for billing. … TAN – It is standard Item category, it is relevant for billing.

What is GL account determination in SAP b1?

GL Account Determination in SAP Business One 9.0 enables us to customize financial accounts’ mapping (determination) with various business transactions such that the financials module gets automatically updated upon manipulation of various documents in SAP Business One 9.0.

Where is item usage maintained in SAP?

The usage is used to determine the ITEM CATEGORY, it is maintained in CUSTOMER MATERIAL INFO RECORDS ,in the bottom most part of the screen you can see it. Usage is used primarily for text items to go with the standard item.

What is schedule line in SAP?

What is Schedule Line Category? SAP System only copies those items of sales document ,which have schedule line . Schedule lines contain all the delivery related information such as: delivery dates and quantities as well as information about the requirements transfer and inventory management.

How do I assign a category to a GL account in SAP?

Follow menu path SPRO > Financial Accounting (new)> General Ledger Accounting (new) > Business transactions > Document Splitting > classify G/L Accounts for document splitting.

How do I assign a cost center to a GL account in SAP?

How to assign Cost Centers to Profit Center in SAPStep 1) Enter Transaction Code SPRO in the SAP Command Field.Step 2) In the next screen, Select ‘SAP Reference IMG.Step 3) In the next screen , ‘Display IMG’ Follow the menu path Controlling->Profit Center Accounting -> Assignments of Account Assignment Objects to Profit Center ->Assign Cost Centers.More items…•

What is GL and cost center?

GL is a FI object and used for external reporting, whereas cost centers are CO objects and used for internal management reporting. … Salary exp etc., whereas by cost center you decide where are expenses were incurred, like Production department, Mkt. Department, HR department etc.