New SAP CO blog

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SAP FICO Blog

SAP FICO Blog.

SAP FICO Blog

SAP FICO Blog.

SAP FICO Blog

Hello Friends, 

Kindly follow my new SAP blog where you can find everything about SAP FICO, materials and interview questions.

http://sap-financials.blogspot.com/

Thanks 

Create a Posting Period Variants

Create a Posting Period Variants

/nspro Screen

 

– Financial Accounting

            – Financial accounting global setting

                        – Document

                                    – Posting Period

                                                1.  Define Variant for open posting periods

                                                            – Position 3000

                                                            – Select that line

                                                            – Copy

– Change variant and name from 3000 to your C. Code

                                                            – Save

                                                2.  Open and close posting periods

                                                            – Position 3000

                                                            – Select all 3000 lines

                                                            – Copy

– Change it, from 3000 to your company code

                                                            – Save

                                                3.  Assign Variant to company code

                                                            –  Position AJ01

                                                            – Select that line

                                                            – Save              

Create a Fiscal Year Variant

/nspro Screen

 

(Purpose: In the below path you define your fiscal year variant that matches your company Fiscal year, e.g.: K4)

 

– Financial Accounting

            – Financial accounting global setting

                        – Fiscal Year

 

                                    – Maintain fiscal year variant (TCODE: ob29)

                                                – Position k4

– Select K4 Line

– Save

 

            In the below path you assign your fiscal year variant to your company code.

 

Go back to the previous screen

 

– Financial Accounting

            – Financial accounting global setting

                        – Fiscal Year

                                    – Assign company code (TCODE: 0b37)

                                                – Position Your Company Code

                                                – Select

                                                – Save

 

(Go to position and go to your company code, in the fiscal year variant column select the variant column you defined in the previous step, e.g. k4).

Charts of Account

After creating Company Code, the next thing we have to do is creating Chart of Accounts (COA).In SAP R/3 term, Chart of Accounts is a unique four alphanumeric code that represents the structure of group of General Ledger (G/L) accounts. The COA contains the definition of all G/L accounts such as their account number, account name, and the type of G/L account (whether the account is a Profit &Loss; /P&L; type account or a balance sheet type account).

Each company code must have one chart of accounts (COA) for its general ledger. The COA must be assigned to the company code. A COA can be assigned to several company codes which mean that these company code’s general ledgers have the same structure.

We can define Chart of Accounts with “OB13” T-code or through “SPRO” T-code menu: Financial Accounting – General Ledger Accounting – G/L Accounts – Master Records – Preparations – Edit Chart of Account Lists.

The definition of COA determines some characteristics of the COA, which are:

§  Chart of Accounts code and its description.

§  The language of COA.

§  Length of G/L Account number of the COA (up to 10 digits, can be numerical or alphanumeric).

§  Type of integration between G/L accounts and cost elements. It controls of how a cost element can be maintained when maintaining a G/L account. A cost element classifies the company’s valuated consumption of production factors within a controlling area. A cost element corresponds to a cost-relevant item in the chart of accounts such as expense account (a P&L; account).

 The following options are available for each G/L account:

§  No maintenance of cost elements.

§  Cost elements maintained manually.

§  Cost elements maintained automatically. When we save a new G/L account, the related cost element is automatically created. A prerequisite is that a default value for the cost element category has been set up for this cost element. If no default value is found, the system will not create a cost element.

§  Group Chart of Accounts for consolidation process (if the general ledger of the company code will be consolidated to the parent company’s general ledger).

§  The status of COA: blocked or not. SAP suggests blocking COA if charts of accounts are created centrally and accounts are created locally. If this is the case, then the block prevents accounts from being created in the company codes for a chart of accounts that is not yet completed.

.

 

Business Process associated with SAP FI module

Field Status Variant

/nspro Screen

 

Purpose:

To create your field status variant to suppress, Req. Entry or opt. Entry the fields

/nspro menu

 

– Financial Accounting

– Financial Accounting Global Setting

      – Document

                  – Line item

                              – Controls

                                          1. Maintain Field Status Variant (TCODE: obc4)

                                                            – Position 3000

                                                            – Copy

– Change it from 3000 to your company code

                                                            – Enter

                                                            – Copy all

                                                            – Enter

                                                            – Save

2. Assign Company code to field status variants (TCODE: obc5)

                                                            – Position VG01

– Make changes in last column with your company code

– Enter and Save

Posting keys

Posting Key is a 2 digit key to control line items. Posting Key config controls.

• Whether the posting is debit or credit.
• The type of account the entry will be made to. (G/L, Customer, Vendor, Assets, Material)
• Posting key for reversal, if document is reversed.
• Screen Layout – Fields can be suppressed, required or optional.
• Field status can be controlled using Posting Key Field status as well as Field status Group assigned to G/L.

 

 

Maintain Accounting Configuration : Posting Keys List
Posting keys	Name	Debit\Credit	Account Types
1	Invoice	Debit	Customer
2	Reverse Credit Memo	Debit	Customer
3	Bank Charges	Debit	Asset
4	Other Receivables	Debit	Customer
5	Outgoing payment	Debit	Customer
6	Payment Difference	Debit	Customer
7	Other Clearing	Debit	Customer
8	Payment Clearing	Debit	G\L Account
9	SPL G\L Debit	Debit	Customer
10	G\L postings	Debit	G\L Account
11	Credit Memo	Credit	Customer
12	Reserve Invoice	Credit	Customer
13	Reserve Charges	Credit	Customer
14	Other Payables	Credit	Vendor
15	Incoming payment	Credit	Customer
16	Payment Difference	Credit	Asset
17	Other Clearing	Credit	Customer
18	Payment Clearing	Credit	Customer
19	SPL G\L Credit	Credit	Customer
21	Credit Memo	Debit	Vendor
22	Reverse Invoice	Debit	Vendor
24	Other Receivables	Debit	Vendor
25	Outgoing payment	Debit	Vendor
26	Payment Difference	Debit	Vendor
27	Clearing	Debit	Vendor
28	Payment Clearing	Debit	Vendor
29	SPL G\L Debit	Debit	Vendor
31	Invoice	Credit	Vendor
32	Reverse Credit Memo	Credit	Vendor
34	Other Payables	Credit	Vendor
35	Incoming payment	Credit	Vendor
36	Payment Difference	Credit	Vendor
37	Other Clearing	Credit	Vendor
38	Payment Clearing	Credit	Asset
39	SPL G\L Credit	Credit	Vendor
40	Debit Entry	Debit	G\L Account
50	Credit Entry	Credit	G\L Account
70	Debit Asset	Debit	Asset
75	Credit Asset	Credit	Asset
80	Inventory Taking	Debit	G\L Account
81	Cost	Debit	G\L Account
82	inventory Difference	Debit	G\L Account
83	Price Difference	Debit	G\L Account
84	Consumption	Debit	G\L Account
85	Change in Stock	Debit	G\L Account
86	GR\IR Debit	Debit	G\L Account
89	Stock inwd movement	Debit	Material
91	Cost	Credit	G\L Account
92	inventory Difference	Credit	G\L Account
93	Price Difference	Credit	G\L Account
94	Consumption	Credit	G\L Account
95	Change in Stock	Credit	G\L Account
96	GR\IR Credit	Credit	G\L Account
99	Stock Outwd Movement	Credit	Material