Topic 56: Posting to Finance Accounting

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Assign financial accounts

In this step, you assign balance sheet accounts to the symbolic accounts with the following account assignment types.

• Postings to balance sheet accounts without personnel numbers (account assignment type F)

• Postings to balance sheet accounts with personnel numbers (account assignment type Q)

• Postings to balance sheet accounts to check the balance in retroactive accounting (account assignment type FL)

• Postings to balance sheet accounts in the original periods only, if the wage types do not change retroactively during retroactive accounting (account assignment type FO)

Balance sheet accounts are usually assigned irrespective of the employee grouping for account determination.


Example
You want to assign the symbolic accounts 2110, 2210, and 2220 to the G/L accounts 176000, 176100, and 176200 irrespective of the employee grouping for account determination:

Symbolic account	G/L account
2110	176000
2210	176100
2220	176200

Activities
1. Enter the chart of accounts you require.
2. Choose Rules to make the settings for the transaction HR posting to balance sheet accounts (HRF).
3. Choose Posting key. Enter the posting key for postings to G/L accounts or copy the default values (40 for debit postings and 50 for credit postings).
4. Choose Accounts to make the assignments for the transaction HRF:
a) Check the default assignment between employee grouping for account assignment, symbolic account and G/L account.
b) If required, change the entries or create new entries.

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Select the Chart of Accounts.




Definition: chart of accounts

A classification scheme consisting of a group of general ledger (G/L) accounts.
A chart of accounts provides a framework for the recording of values to ensure an orderly rendering of accounting data. The G/L accounts it contains are used by one or more company codes.


For each G/L account, the chart of accounts contains the account number, the account name, and technical information.


A chart of accounts must be assigned to each company code. This chart of accounts is the operative chart of accounts and is used in both financial accounting and cost accounting. Other charts of accounts include:

• Country-specific charts of accounts -

These are structured in accordance with legal requirements of the country in question

• Group chart of accounts -

This is structured in accordance with requirements pertaining to Consolidation.

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Use F4

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