SAP FI CO FICO Tables || Transaction codes || FICO Reports || Account posting || General ledger || Posting periods || Account Payable

|| Taxes || Business Area

Ads

Showing newest posts with label Chart of Acount. Show older posts Saturday, January 31, 2009 Chart of Accounts OBY7 FICO Configuration Series Part 2

Financial Accounting Enterprise structure The FI Enterprise structure is the backbone of the organization. Most other modules build upon the FI organizational elements that are created in the enterprise structure. This is also the basis on which all other FI CO configuration would follow. A consultant would need to gather the existing structure from the Business Analysts in the project. She/he would also have to carefully analyze the organization structure provided to him before setting up the FI configuration. Also keeping in mind the future plans of how the organization would look in the future will also help. FI and CO essential difference It would be prudent for the consultant to explain the difference between FI and CO to the project management team and business associates at the very beginning of the project. FI

The main reporting purpose of FI is for external reporting Securities exchange commission, Internal Revenue Service, etc

CO

The main reporting purpose of CO is for internal managerial reporting

Chart of Accounts Settling on a chart of accounts with the users in the client sites is one of the big hurdles to overcome in a project. End-users may be used to having a long chart of accounts with it serving the reporting needs of internal and external purposes. The internal and external account numbers depended on the G/L account numbers. First step for the consultant would be to review the existing list for deletions. Copy an existing chart of accounts (SAP delivers chart of accounts for US CAUS). Use the following IMG menu path: Financial accounting >> General Ledger Accounting >> G/L Accounts >> Master Data >> G/L Account Creation >> Copy (alternative 1) >> Copy Chart of Accounts Transaction Code OBY7

Some of fields used in this screen are explained below:

Chart of Accounts: Enter the four-digit alphanumeric identifier of the chart of accounts you wish to create. There is no right or wrong way to come up with a chart of account identifier, but usually the entry is all characters.

Chart of Accounts Name: Enter the description for your chart of accounts. The field is alphanumeric and can contain up to 50 characters.

Financial Stmt Vers: Enter the four-digit alphanumeric identifier of the financial statement version you wish to create. The financial statement version is used by SAP to form your company's standard Balance and Profit and Loss statements. For now, you only need to enter a placeholder to be used later.

Fin. Stmt Version Name: Enter a descriptive name for your financial statement version. The entry is alphanumeric and can contain up to 50 characters.

Chart of Accounts: Enter the four-digit alphanumeric identifier of the chart of accounts you wish to copy from. A listing of all available charts can be seen from the drop-down box on this field.

Financial Stmt Vers: Enter the four-digit alphanumeric identifier of the financial statement version you wish to copy from. A listing of all available financial statement versions can be seen from the drop-down box on this field.

Generally, each SAP delivered chart of accounts has a corresponding financial statement version already created. Make sure you select the financial statement version that goes with your chart. For US, use CAUS as the chart of accounts and use BAUS as the sample financial statement version.

After you complete configuration in this screen, Chart of Accounts is copied and ready to use.

Assignment: Saks Apparel will utilize a single chart of accounts to be used by all of its company codes. The Mexican subsidiary company will utilize a country chart of accounts in addition to the standard chart of accounts. Because Saks Apparel is a US based company, CAUS was used to create SACA (Saks Apparel Chart of Accounts) and BAUS was used to create SA01 (Saks Apparel Financial Statement version).

Posted by Ananth TM at 12:36 AM 1 comments Email This BlogThis! Share to Twitter Share to Facebook Share to Google Buzz

Labels: Chart of Acount, Configuration, FI CO Configuration Series

Thursday, January 22, 2009 Chart of Accounts Set-up and Configuration Before configuring any part of the FI Enterprise Structure, it is vital to have already drawn out and agreed upon what the Companys structure will look like. Settling on a chart of accounts with the users in the client sites is one of the first big thing challenge to overcome in a project. Before beginning design sessions on the chart, it is essential that both the consultant and the client personnel responsible for design decisions have a clear understanding of the differences between Financial Accounting (FI) and Controlling (CO) in SAP. The main purpose of FI is for external legal reporting purposes to outside authorities (SEC, Bureau of Internal Revenue, etc.). Whereas, the main reporting purpose of CO is for internal management reporting. This is often a very difficult nuance for usres to grasp and understand.

With SAP, you dont need thousands of accounts or any logic other than grouping logic (e.g. all Cash accounts are in the 100000 to 199999 range) built into the G/L account number. The easiest way to configure a chart of accounts is to copy an existing chart of accounts:

IMG > Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > G/L Account Creations and Processing > Alternative Methods > Copy G/L Accounts > Copy Chart of Accounts.

Transaction Code: OBY7

Alternatively, you can create your chart of accounts from scratch. First, you need to create your chart of accounts name and properties with the path below:

IMG > Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Preparations > Edit Chart of Accounts List.

Transaction Code: OB13 Then create your G/L accounts manually:

Menu Path: Accounting > Financial Accounting > General Ledger > Master Records > G/L Accounts > Individual Processing > In Chart of Accounts.

Transaction Code: FSP0. Posted by bestest at 7:26 AM 0 comments Email This BlogThis! Share to Twitter Share to Facebook

Share to Google Buzz

Labels: Chart of Acount, Configuration, FI

Newer Posts Older Posts Home Subscribe to: Posts (Atom) Tags Account number (3) account recievables (1) Assets and Liabilities (1) bank (1) basics (14) books (1) certification (6) Chart of Acount (2) Company Code (3) Configuration (24) Controlling (9) Cost Accounting (1) Currencies (1) Customer (1) Dcoument types (1) Document (4) FI (19)

FI CO Configuration Series (9) Financial Labels (1) fiscal year (3) GL (4) Integration (1) Internal Order (2) interview (5) invoices (1) ledger (1) Master records (1) payment (1) posting (4) Profit and Loss (1) Q and A (3) Reports (1) sales (1) SAP MM (1) Screenshots (1) tables (1) Transaction codes (9) troubleshoot (1) user (1) vendor (1) Archive 2010 (14)

 2009 (61) October (6) April (4) March (4) February (8) January (39) Fiscal year Variant OB29 Chart of Accounts OBY7 ERP Software and Customization Configuration of FI and CO SIMPLE DOCUMENTS POSTING AUTHORISATION POSTING PERIODS DOCUMENT STRUCTURE / CONTROL SAP FI/CO Interview and Certification Questions - ... SAP FI/CO - Interview and Certification Questions ... SAP FI/CO - Interview and Certification Questions ... SAP FI/CO Interview and Certification - Part 2 Customer/Vendor Account Number General Ledger Master Records Currencies - Configuration Fiscal Year BANK ACCOUNTS SAP CO Module - Other Configuration SAP CO Module- Number ranges

SAP CO Module - Configuration SAP CO Module - Introduction Integration points of the FI module? SAP FI Module - Configuration (Contd) FI Module - Configuration SAP FI Module - Introduction SAP FI/CO Interview and Certification Questions - ... Chart of Accounts Set-up and Configuration Assets and Liabilities Closing Tcodes Profit and Loss Closing Tcodes Financial Statement Closing Tcodes Reports For Financial Accounting SAP FI Transaction Code List 2 SAP FI Transaction Code List 1 Important Tcodes for FI GL AR AP Asset Useful SAP FI Related Transaction Codes SAP Financial Accounting and Controlling Module (F... FI/CO Sample Questions - 1 Account Receivable Manual for Beginners Important Tables in SAP FI Ads

Live Traffic

Ads

Awesome Inc. template. Powered by Blogger.