Hi Ram. Thanks for your detailed explanation. Can you please explain why Debit is Positive and Credit is Negative in SAP but the same is opposite in Bank. Usually we get message from Bank as "Your account is credited with XXXX amount", which means amount entered into our account.
To make it more clear, the bank views the transaction from a different perspective but follows the same rules: the bank's vault cash (asset) increases, which is a debit; the increase in the customer's account balance (liability from the bank's perspective) is a credit. A customer's periodic bank statement generally shows transactions from the bank's perspective, with cash deposits characterized as credits (liabilities) and withdrawals as debits (reductions in liabilities) in depositor's accounts. Reference: Wikipedia
Hi, I have 2 doubts: 1- Why account modifier is needed for only GBB and PRD & not for other accounting keys. I mean, how the G/L account will be determined in case of 101 mvt. type where account modifier is blank in the settings. 2- Why G/L account numbers are same for both credit and debit in OBYC.
Account modifiers will use for internal postings and balancing purposes but 101 is for normal procurement which u need to pay to vendor and there will be no modifiers for this movement types We have few movement types mostly internal or balancing purposes where account modifiers required 2. That’s upto you, you can have both different also But for analysis purpose both credit and debit will be used same but not mandatory
Hi ram in case of account assigned purchase order like consumables, service procurement,after gr consumption gl account corresponds to GBB-VBR will get debited.by entering respective consumption gl account in FBL3N I can see the update.but when I saw the document overview system is showing event key KBS insted of GBB-VBR.why.and in OBYC no gl is maintained under KBS
Hello sir, Thank you so much for uploading this video. I got more information about this. Can you upload videos of integration MM with other models also like SD, PP, WM and QM
