SAP General Leader Configuration
INTRODUCTION
We have pleasure in giving this free e-book to the new aspiring SAP FICO consultants . You will enjoy reading it.
Let us first understand the FICO module before we actually start configuration.
The FI (Financial Accounting) Module is geared for external reporting. It produces a Balance sheet (B/S) and Profit and Loss account (P&L), cash flow report. The B/S & P/L is required by management for monitoring its monthly and yearly performance. It is also required for statutory accounts, GAAP reporting and various other legal and tax requirements. Within the FI module there are various sub modules and the important one are as follows:
- General Ledger
- Bank Accounting
- Accounts Payable
- Accounts Receivable
- Asset Accounting
The CO (Controlling) module is geared for Management reporting. It is required more for internal performance analysis. It gives information about the origin of the cost. It helps in controlling the costs of the organization.
This module gives another dimension to the way profits are seen, by Product lines, Business segment by customer by region. It also helps in controlling and monitoring the Costs of the product which are manufactured inhouse. The important sub modules in CO are as follows:-
- Cost Center Accounting
- Profit Center Accounting
- Profitability Analysis
- Product costing
- Internal order
The FICO module in SAP is very tightly integrated with all the modules in SAP. Data is posted real-time to FICO module. The important modules from
which data is updated into FICO module are as follows:-
- Materials Management (MM)
- Sales and Distribution (SD)
- Production Planning (PP)
- Human Resource (HR)
The Highest organizational unit in the FI module is the company code. It is an organizational unit for which Balance sheet and Profit and loss account is possible.
INTRODUCTION...................................................................................5
1. COMPANY CODE CONFIGURATION............................................................7
1.1 Creating company code .............................................................................7
1.2 Maintain Fiscal Year Variant................................................................... 10
1.3 Assign Company Code to a Fiscal Year Variant................................. 11
1.4 Define Posting period Variant................................................................. 13
1.5 Open and Close Posting Periods........................................................... 14
1.6 Assign Posting period Variant to Company code................................ 17
1.7 Create document number ranges for company code......................... 18
1.8 Copy document number ranges to fiscal year (OBH2) ...................... 21
1.9 Define document type and assign document number range............. 22
1.10 Enable Fiscal Year Default ..................................................................... 23
1.11 Enable Default Value date ...................................................................... 23
1.12 Maintain Field Status Variants ............................................................... 24
1.13 Assign Company Code to Field Status Variants ................................. 27
1.14 Screen variants for document entry ...................................................... 28
1.15 Define Tolerance Groups for Employees ............................................. 29
1.16 Assign User/Tolerance Groups.............................................................. 33
1.17 Maximum Exchange Rate Difference ................................................... 34
1.18 Define Company....................................................................................... 35
1.19 Assign company c ode to company........................................................ 36
1.20 Define text for line items.......................................................................... 37
2. GENERAL LEDGER CONFIGURATION..................................................... 38
2.1 Create Chart of accounts ........................................................................ 38
2.2 Assign Company code to Chart of accounts ........................................ 41
2.3 Define Account Group ............................................................................. 42
2.4 Define Retained Earnings Account ....................................................... 44
2.5 Check company Code settings in Global parameters ........................ 47
2.6 Create GL account in Chart of accounts and company code ........... 50
2.7 Delete G/L Account (OBR2) ................................................................... 64
2.8 Delete Chart of Accounts (OBY8).......................................................... 66
2.9 Create Additional sort keys ..................................................................... 67
3. TAX SETTINGS SALES / PURCHASE CONFIGURATION..................... 69
3.1 Check Calculation Procedure................................................................. 69
3.2 Assign Country to Calculation Procedure............................................. 72
3.3 Define Tax Codes for Sales and Purchases (FTXP).......................... 73
3.4 Assign Company Code to Document Date for Tax Determination ... 86
3.5 Specify Base Amount.............................................................................. 86
3.6 Define Tax Accounts (OB40).................................................................. 87
3.7 Assign Tax Codes for Non-Taxable Transactions .............................. 93
4. Configuration for GL Automatic clearing: - ................................................... 93
4.1 Automatic Clearing ................................................................................... 93
4.2 Define Tolerance Groups for G/L Accounts......................................... 95
4.3 Assigning accounts for GL Clearing Differences................................. 97
5. Configuration for Foreign currency Valuation .............................................. 99
5.1 Define Valuation methods ....................................................................... 99
5.2 Assign GL accounts for Foreign Currency valuation ........................104
6. Configuration for regrouping postings .........................................................108
6.1 Define Adjustment Accounts for GR/IR clearing ...............................108
7. Creating Balance sheet and Profit and Loss account ..............................112
7.1 Define Financial Statement Version (FSV) ........................................112
8. FI Integration with other modules ................................................................131
8.1 Integration with Overhead Cost Controlling .......................................131
8.2 Integration with Materials Management..............................................132
8.3 Integration with Sales and Distribution ...............................................157
9. Set Company Code to Productive ...............................................................163
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