SKB1 - Field level help · MD CoA & GL Accounts

1

Company Code

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A company code is the smallest organizational unit for which a complete, self-contained set of accounts can be drawn up.

Required

SKB1 - GL Account (Company Code)

2

G/L Account

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Help file SAP - GL Account

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Required

SKB1 - GL Account (Company Code)

3

Authorization Group

The authorisation group field can be used to enhance authorisations to better manage access to GL Accounts.

SKB1 - GL Account (Company Code)

4

Clerk Abbreviation

SKB1 - GL Account (Company Code)

5

Date of Last Interest Calc.

SKB1 - GL Account (Company Code)

6

Planning Group

SKB1 - GL Account (Company Code)

7

Planning Level

SKB1 - GL Account (Company Code)

8

Financial Budget

SKB1 - GL Account (Company Code)

9

Field status group

You use this field to define which fields are displayed when you post accounting transactions to a G/L account. A field may have one of the following statuses:

hidden (suppressed)

Entry required (required field)

Ready for input (optional field)

For additional information, see Field Status Definition .

SKB1 - GL Account (Company Code)

10

House bank

SKB1 - GL Account (Company Code)

11

Account ID

SKB1 - GL Account (Company Code)

12

Exchange Rate Difference Key

SKB1 - GL Account (Company Code)

13

Recon. Account for Acct Type

SKB1 - GL Account (Company Code)

14

Tax Category

In tax accounts, you can specify the type of tax on sales/purchases (input or output tax) that can be posted to the account.

SKB1 - GL Account (Company Code)

15

G/L Account Additional Text

SKB1 - GL Account (Company Code)

16

Interest indicator

SKB1 - GL Account (Company Code)

17

Account currency

When creating a G/L account, you define the currency in which the account is to be kept.

This defines the following:

The currency used for postings made to the account

The currency in which transaction figures are updated and the account balance is displayed

You specify the account currency in the company code area of the G/L account master data. This allows you to keep the G/L account in the local currency of each company code. This is especially useful for international groups that have all subsidiaries use the same chart of accounts but with the accounts kept in the local currency.

SKB1 - GL Account (Company Code)

18

Acct Managed in Ext. System

SKB1 - GL Account (Company Code)

19

Relevant to Cash Flow

SKB1 - GL Account (Company Code)

20

Post Automatically Only

When posting documents, line items are automatically added to manually entered items as needed. For example, the tax amount, the cash discount amount, and profits or losses from foreign currency translations (exchange rate differences) can all be calculated and posted by the system automatically.

You can specify that an account to which these automatic postings are made can only have postings made to it automatically. This prevents manual postings to such an account.

Specifying that an account can only be posted to automatically is useful for tax accounts, for example if you have no subsequent tax debit to post.

SKB1 - GL Account (Company Code)

21

Line Item Display Possible

SKB1 - GL Account (Company Code)

22

Mark for Deletion

SKB1 - GL Account (Company Code)

23

Supplement Auto. Postings

SKB1 - GL Account (Company Code)

24

Open Item Management

Open item management is relevant for balance sheet accounts. Journal entry line items posted to a G/L account that is managed on an open item basis are initially marked as open. Open postings to these accounts represent incomplete transactions. Once clearing has taken place, the items are marked as cleared. The balance of the G/L account is always equal to the balance of the open items.

There are three types of open item management:

Open item management

Open item management by ledger group

Extended open item management

You can only use one type of open item management at a time for a G/L account.

SKB1 - GL Account (Company Code)

25

Blocked for Posting

SKB1 - GL Account (Company Code)

26

Key Date of Last Int. Calc.

SKB1 - GL Account (Company Code)

27

Interest Calc. Frequency

SKB1 - GL Account (Company Code)

28

Sort key

SKB1 - GL Account (Company Code)

29

Alternative Account No.

SKB1 - GL Account (Company Code)

30

Recon. Acct Ready for Input

SKB1 - GL Account (Company Code)

31

Recovery Indicator

SKB1 - GL Account (Company Code)

32

Commitment item

SKB1 - GL Account (Company Code)

33

Posting without tax allowed

If you select this indicator, no tax code needs to be entered when posting to this account. If a tax code is entered, it is checked according to the tax category for this account. You use this indicator if taxable and non-taxable postings are to be entered to an account at the same time. In such a case, you normally set up your own tax code to allow for non-taxable transactions. However, this is not possible - for example - for tax entry with jurisdiction code, since no jurisdiction code can be specified for customers abroad. You would then allow postings without tax codes for the corresponding expense or revenue accounts. This indicator is not needed for invoice verification postings, since the account assignments are generally derived from the purchase order. The indicator is therefore not checked by the system for these postings. For items with no tax code, no tax information is created, and they are not contained in the tax report lists.

SKB1 - GL Account (Company Code)

34

Balances in Local Crcy Only

When creating a G/L account in a company code, you can decide whether the transaction figures are only kept in the local currency for this account.

You have to set this indicator for clearing accounts that you use to clear line items in various currencies with one local currency amount and without posting any exchange rate differences that may occur.

NoteDo not set this indicator for A/P A/R reconciliation accounts.

You must set the indicator for the following accounts:

Cash discount clearing accounts

Clearing accounts for goods receipt / invoice receipt

The indicator is usually set for the following balance sheet accounts:

Accounts without open item management in which no foreign currencies are managed

SKB1 - GL Account (Company Code)

35

Valuation Group

SKB1 - GL Account (Company Code)

36

Inflation key

SKB1 - GL Account (Company Code)

37

Tolerance Group

SKB1 - GL Account (Company Code)

38

Clearing Specific to Ledger Groups

SKB1 - GL Account (Company Code)

39

MCA Key

SKB1 - GL Account (Company Code)

40

Controlling area data changed

SKB1 - GL Account (Company Code)