A Posting Key
in SAP is a 2-digit alphanumeric key that controls the entry of line items. SAP
comes with many posting keys for meeting the different business transaction
requirements:
40 (GL debit),
50 (GL credit),
01 (customer
invoice),
11 (customer
credit memo),
21 (vendor
credit memo),
31 (vendor
payment), etc.
The posting key determines:
1. What account
can be posted to
2. Which side
of the account (debit or credit) to be posted to, and
3. What layout
screen needs to be used for that particular transaction.
It is a normal
practice not to change any of the default posting keys in the system, as you
would very rarely require additional posting keys.
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