Account Key

[Former Member]

Hi All,

Can anyone tell me how to create an Account Key (ERL, ERU etc.). Is it done from SD / FI route.

Regards,

Tatvam

[Former Member · Accepted solution]

Hi,

From SD it can be done as below...

Spro->Sales and Distribution->Basic Functions->Account Assignment/Costing->Revenue Account Determination---->Define And Assign Account Keys.

Kindly Reward points if usefull.

Regards

vK

[Former Member]

Hi!

Account keys have two parts:

1) The first part is about creating the account keys and assigning them to a pricing condition in the pricing procedure.

2) The second part of this is setting up the account determination(G/L number) for these accounting keys.

The flow is that you assign account keys to a pricing condition in a pricing procedure. This pricing procedure is picked by sales order. In the sales order a $ value pricing condition is determined. All these prices flow from sales order to billing. And then from billing to Accounting. So ont the basis of the account key defined for the pricing condition, the customer accounting group and material accounting group, a general ledger is determined and this price entry is passsed to this G/L.

For creating and assigning the acccoun key in pricing procedure you have to use the pricing procedure traansactions. But for Account determinaion you will ave to use VKOA. This is an activity done by SD consultant but owned by Finance people. Because they are the people who tell you the G/L number.

Hope this helps.

Abhishek

[Former Member]

Hi Srinivas,

Go to SPRO - Baic Functions and in your pricing procedure. Now do F1 in the account key field and click on customizing key - Continue without specifying projects and scroll down to find Basic Functions - Define and assign account keys. You can now copy any existing key to create a new account key and assign it to ur pricing procedure.

Once you do that..go to VKOA and maintain the corresponding G/L accnt against your newly created account key.

FI have their own account keys used in the tax procedures.

SD has to have their seperate account keys, although the naming can be same for both of them.

Hope it helps you

Reward points if it does.

Have a nice day

Regards

Ravi

[Former Member]

Hi,

IMG - Sales & Distribution - Basic Functions - Account Assignment/Costing - Revenue Account Determination - Define And Assign Account Keys.

Here you first define the account keys as per your requirement & then you assign it in your pricing procedure for the specific condition types (do not use acct key for a condition type which is statistical) whose values are to be passed on to accounting.

You can create the account keys in consultation with the FI consultant.

Then you have to use the account keys for determining the G/L accounts.

Reward points if solution helps.

Regards,

Allabaqsh G. Patil

[Former Member]

hi,

pl use t.code OV34 to define new account keys and OV35 to assign them to condition types.

Its generally done by an FI guy but can also be done on the side with respect to the SD related account keys. But the important thing is this has be in the knowledge of both SD and FI as its an integration point.

regards

sadhu kishore

[Former Member]

Hello u can do creat through this path:

Spro->Sales and Distribution->Basic Functions->Account Assignment/Costing->Revenue Account Determination---->Define And Assign Account Keys.

Regards,

venkat M