What is difference between 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
What is difference between 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.
What is the difference between KOFI and KOFK?
KOFI is used when no CO object are specified at header/item level (eg. WBS , internal orde, cost center…) KOFK is used when one of the ebove mentioned object is put in the order.
What is KOFI in SAP?
KOFI — Account determination without CO. KOFK — Account determination with CO. You can control through Routine, which you can placed in Requirement Colomun of the account determination procedure.
What is VKOA SAP?
VKOA is a transaction code used for Accnt Determination in SAP. It comes under the package VKOK.
What is the purpose of account determination in SAP?
The account determination key defines the accounts in Financial Accounting that should be posted during asset transactions, for each chart of accounts and depreciation area (defined as an automatic posting area) in the chart of depreciation.
What is account determination in SAP SD?
Account determination is used to post the revenue , discount, taxes automatically to FI from SD. 1)How account setting involved in SD? Account setting is done by FI consultant in FS00 transaction code. Actually SAP has given standard chart of accounts which contains all the accounts.
What is OBYC?
Configuration transaction OBYC creates the core of SAP’s Integration between the MM, FI, and Controlling (CO) modules in a traditional SAP ERP system. Transaction keys(1) are used to determine general ledger accounts used by the system. Transaction keys are predefined in the SAP System and can not be changed.
What does account determination mean?
Account Determination is to establish the connection between the asset master records and the corresponding accounts in the general ledger in Financial Accounting. In other words, Account determination establishes the link between Asset accounting and G/L accounting.
How does SAP determine account determination?
Step 1: Enter transaction code “SPRO” in the SAP command field and press enter. Step 3: – On display IMG screen, follow the menu path Financial Accounting – Asset Accounting – Organizational Structures – Asset Classes and click on img activity specify account determination.
How do you determine account determination?
What is GL account determination?
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.
What is GBB account determination?
Offsetting entry for stock posting (GBB) Offsetting entries for stock postings are used in Inventory Management. They are dependent on the account grouping to which each movement type is assigned. So GBB is Offset Event key for Stock posting.