Accounting and Accrual keys in MM pricing

[Former Member]

Hi,

Why there were no Accounting and Accrual keys maintained for Condition types PB00 and PBXX in standard Pricing schema?

And why they assigned to only freight related condition types?

Basically what is the funda to assign both the Accounting and Accrual keys to any condition type?

Thanks

Anbu

[Former Member]

Hi,

You wont see any account or accrual kyes for condn type PB00 PBXX Becoz your GL accounts are determined based on valuation class in the material master for a particular material and that is the reason u wont see any account keys and accrual keys for condtion type PB00 and PBXX in the standard pricing schema.

Thanks

Suresh

[Former Member]

Hi Anbu,

Account Key: (FRE,Mainly used for Frieght):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 Key: Accruals mean accumulating.(FR1 with FRE)With the addition of the account key, the system can post amounts to certain types of accruals accounts.

Regards

Aasif

[Former Member]

Hi,

Account key

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 key:

Accruals mean accumulating,with the 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.

Vishal...

[Former Member]

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.