Difference between F-02 and FB50

Difference between F-02 and FB50

F-02:  Here we have to make entries on multiple screens.

 

FB50:  All the fields for making journal entries are available on a single screen.

Difference Between FB50 and FB50L

Difference Between FB50 and FB50L

FB50 : Enter G/L Account Document: Single Screen Transaction.

FB50L : Enter G/L Account Doc. for Ledger Group: Company Code XXXX

FB50L is a new transaction introduced by SAP to provide the ability to set up multiple ledger groups. Transaction FB50L has been introduced to enter posting to different ledgers.  Here extra field called “Ledger Group” is available.

Reversal of Documents

Reversal of Documents

In case if an user wants to change some of the accounting information relating to an already posted document, you can only achieve the same by ‘Reversing’ the original document and posting a new one with correct information.  However, reversal is possible only when:

• The origin of the document is in FI.
• The original document has no cleared items.
• The document relates only to the line items of customer/vendor/GL.

While reversing, the system automatically selects the appropriate document type for the reversal, besides defaulting the relevant posting keys.  If you do not specify the posting date for the reversal document, system defaults to the posting date of the original document.

Difference between Parked Document and Held Document

Difference between Parked Document and Held Document

Parking of a document can be used to park data relating to customers, vendors or assets (acquisition only).  When a cross company code document is parked, only one document is created in the initial company code, and when this parked document is posted then all the other document relevant for all other company codes will also be created

During a transaction when the user finds that she/he is not having a piece of information to post the document so can ‘Hold Document’ till the required the information is acquired and can then post the document.

Description	Parked Document	Held Document
View the document in account display?	Yes	No
Changes to the document	Any user can access, view and change the document	No other user, except the creator, will be to view and change the document
Document number	System assigned	Manually entered by the user
Use of the data in the document for evaluation purposes	Possible	Not possible

What is Posting Key?

What is Posting Key?

Posting key is a two-digit alphanumeric number which controls the entry of line items.  There are different standard postings provided by SAP specific for different transactions.

For Eg:

40 – G/L Debit

50 – G/L Credit

01 – Customer Invoice

11 – Customer Credit memo

21 – Vendor Credit memo

31 – Vendor Payment

Posting keys determines to which to which account the transaction is going to be posted, which side of the account i.e. debit/credit

It is a normal practice not to change default posting keys, as very rarely you would require additional posting keys.