Final answer:
To enable cross-company-code transactions in an SAP system, clearing accounts and posting keys must be configured. Clearing accounts record the transactions while posting keys define the types and nature of the transactions.
Step-by-step explanation:
To allow cross-company-code transactions in SAP, you need to configure two key components:
- Clearing accounts - These are used to record and settle the transactions between the different company codes. You must define one or more clearing accounts that are used exclusively for intercompany transactions. Each company code involved will have a corresponding clearing account.
- Posting keys - These define the types of transactions that can be posted and determine whether the posting is a debit or a credit. The correct posting keys must be assigned to enable cross-company-code postings, ensuring these entries are processed correctly according to the debit or credit nature of the transaction.
Configuring both clearing accounts and posting keys correctly will allow for the proper handling of transactions that span multiple company codes, ensuring accurate financial records and compliance with accounting standards.