Is same posting key present in all companies using sap? Can we create our own posting key?
SAP software comes with many pre-defined posting key. There is no need to create any new posting key because sap provides many posting keys to meet all requirements. Choosing the right posting key is important. If trying to post with wrong posting key then document posting will fail.
How to choose the right posting key for document posting?
In an accounting document, we need to debit some GL and credit some GL. In SAP, instead of debit or credit we use posting key. It's a two digit number representing debit or credit. Along with debit or credit information, it also control the account type. If you want to debit a GL account, use posting key 40 If you want to debit a Customer account, use posting key 01
Here in this example, posting key 40 & 01 both are for debit only but differ on account type. I will use 40 for debiting GL and 01 for debiting customer.
When we post a document manually, then we need to choose posting key manually while entering document in sap. When document is posted automatically, then posting key is picked up automatically.
