What is KBK code in SAP FI - Financial Accounting?

SAP Term: KBK code

• Component: FI

• Component Name: Financial Accounting

• Description: In Russia, a code specified by regional tax offices that is used to identify the type of the tax for example, property tax or transport tax. It also indicates the tax authority responsible for collecting the given tax for example, local, regional, or state tax, and the tax office that issued this code.

Smart SAP Assistant

• Key Concepts: 
  KBK code stands for “Kostenstellenbezogener Kontenrahmen” in German, which translates to “cost center-related chart of accounts” in English. It is a feature of SAP FI Financial Accounting that allows users to assign a specific chart of accounts to a cost center. This allows users to track the financial performance of each cost center separately. 
  
  How to use it: 
  To use the KBK code feature, users must first create a cost center in the system. Once the cost center is created, users can assign a specific chart of accounts to it by entering the KBK code. This will allow users to track the financial performance of the cost center separately from other cost centers. 
  
  Tips & Tricks: 
  When assigning a KBK code to a cost center, make sure that the chart of accounts is appropriate for the type of transactions that will be taking place in that cost center. This will ensure that all transactions are properly accounted for and tracked. 
  
  Related Information: 
  The KBK code feature is closely related to other features in SAP FI Financial Accounting such as cost element accounting and profitability analysis. These features allow users to track and analyze the financial performance of their business more effectively.