Sap Best Practices Financial Accounting

5,133 views

Published on

Published in: Business, Technology
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
5,133
On SlideShare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
0
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Sap Best Practices Financial Accounting

  1. 1. SAP Best Practices Financial Accounting AJ Blackston & Associates System Implementations, Upgrades & Audits
  2. 2. Purpose <ul><li>In the area of financial accounting, the SAP Best Practices for Baseline U.S. solution ensures you have access to the information you need when you need it. </li></ul><ul><li>Best Practices allows you to: </li></ul><ul><li>Increase the efficiency of accounting </li></ul><ul><li>Identify inaccuracies in data </li></ul><ul><li>Improve financial reporting </li></ul>July 2010 AJ Blackston & Associates - System Implementations, Upgrades & Audits
  3. 3. The following functions support your financial processes: <ul><li>Profit and Loss Statement </li></ul><ul><li>General Ledger </li></ul><ul><li>Accounts Receivable </li></ul><ul><li>Accounts Payable </li></ul><ul><li>Bank Accounting </li></ul><ul><li>Tax Accounting </li></ul><ul><li>Asset Management Accounting </li></ul>July 2010 AJ Blackston & Associates - System Implementations, Upgrades & Audits
  4. 4. <ul><li>In addition, the management accounting tool is provided to monitor and control performance relevant information in an environment of complete integration with all operative transactions throughout the company. </li></ul>July 2010 AJ Blackston & Associates - System Implementations, Upgrades & Audits
  5. 5. <ul><li>Accounting maintains a consistent, reconciled, and auditable set of books for use in statutory reporting, management support and as a source for analytic applications, and helps a company take control of its profitability. </li></ul>July 2010 AJ Blackston & Associates - System Implementations, Upgrades & Audits
  6. 6. Function List <ul><li>Financial Accounting </li></ul><ul><ul><li>Chart of Accounts </li></ul></ul><ul><ul><li>Financial Statement Version </li></ul></ul><ul><ul><li>Assets </li></ul></ul><ul><ul><li>Check Lot Maintenance </li></ul></ul><ul><ul><li>Exchange Rates </li></ul></ul>July 2010 AJ Blackston & Associates - System Implementations, Upgrades & Audits
  7. 7. Function List (cont.) <ul><li>General Ledger </li></ul><ul><ul><li>Baseline package Chart of accounts </li></ul></ul><ul><ul><li>Journal postings </li></ul></ul><ul><ul><li>Transaction clearing </li></ul></ul><ul><ul><li>Month end closing </li></ul></ul><ul><ul><li>Year end closing </li></ul></ul>July 2010 AJ Blackston & Associates - System Implementations, Upgrades & Audits
  8. 8. Function List (cont.) <ul><li>Accounts Payable </li></ul><ul><ul><li>Invoice and credit note processing </li></ul></ul><ul><ul><li>Process outgoing payments </li></ul></ul><ul><ul><li>Transaction clearing </li></ul></ul><ul><ul><li>Generate aged listings </li></ul></ul>July 2010 AJ Blackston & Associates - System Implementations, Upgrades & Audits
  9. 9. Function List (cont.) <ul><li>Accounts Receivable </li></ul><ul><ul><li>Invoices and credit note processing </li></ul></ul><ul><ul><li>Process incoming payments (Lockbox and manual check application) </li></ul></ul><ul><ul><li>General Customer Credit Management </li></ul></ul><ul><ul><li>Transaction clearing </li></ul></ul><ul><ul><li>Generate aged listings </li></ul></ul><ul><ul><li>Customer Statements </li></ul></ul>July 2010 AJ Blackston & Associates - System Implementations, Upgrades & Audits
  10. 10. <ul><li>Key Points </li></ul><ul><li>Can be used by enterprises operating on a national level, as well as by groups operating on a global level. </li></ul><ul><li>Can be used as the basis for setting up integrated solutions. </li></ul><ul><li>With the new ledger, you can extend the general ledger simply and rapidly with user fields. </li></ul>AJ Blackston & Associates - System Implementations, Upgrades & Audits July 2010

×