G/l accounts

[Former Member]

hi guru`s

in which g/l accounts the debits will go and in which g/l accounts the credits will go

[Former Member · Accepted solution]

This depends on the configurations maintained in <b>OBYC - Configure Automatic Postings</b> and <b>VKOA - Revenue Account Determination</b>

The Posting keys mentioned in OBYC ( e.g. 40 - Debit and 50 - credit) against the transaction keys determine whether a posting is a debit or a credit.

When a financial transaction is carried out, depending on the posting keys, either the value is debited to the G/L account or Creditted to the G/L account.

The same G/L acount can act as a debit or a credit acount , under different scenario and different posting keys.

Similarly, in VKOA the account key defines whether the entry is a debit or a credit.

Hope this helps understand.

[Former Member]

Hi Guruveer,

G/L accounts are created and it's categorizations are done by FI people. With the help of G/L accounts and nature of their, V do account determination.

Generally it depends on client's requirement.

Regards,

Praveen.

[Former Member]

Hi

Refer the link below

<a href="http://www.copacustomhelp.state.pa.us/infopak/nav/finance/general%20ledger/file72/index.htm">G/L Account Posting</a>

[Former Member]

Hi,

Depends up on the accounts defined in accounts determination. Check VKOA transaction.

Prase