9: Record to Report Business Process
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The document provides an overview of the record to report (accounting) business process in SAP. It discusses how all business transactions with financial impact are recorded directly in finance in real time. These include transactions related to fixed assets, accounts receivable, accounts payable, and the general ledger. Finally, it notes that reporting of financial statements and other reports are updated in real time based on the numbers recorded in all business processes.
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9: Record to Report Business Process
- 2. 9 Record to Report (Accounting) Business Process Abdullah Galal
- 3. Meaning of Record to Report •Record: Recording all business transactions with financial impact •Report: Reporting financial statements and other reports when requested
- 4. Accounting Real Time Integration All Business Transactions with financial impact are posted directly to finance at the same moment Procure To Pay Order to Cash Production Planning Accounting
- 5. Recording: Fixed Assets Recording all Fixed Assets Transactions: Acquisition Retirement Depreciation Other transactions Any posting is reflected in the asset register and asset financial Accounts Real Time Integration Fixed Assets
- 6. Recording: Accounts Receivable Recording all Accounts Receivable Transactions: Billing Payment Other Postings Any posting is reflected in the customer account and in the control (reconciliation) account at the same moment Fixed Assets Customer A Customer B Customer C Customer Reconciliation Account Accounts Receivable Real Time Integration
- 7. Recording: Accounts Payable Recording all Accounts Payable Transactions: Invoicing Payment Other Postings Any posting is reflected in the vendor account and in the control (reconciliation) account at the same moment Vendor A Vendor B Vendor C Vendor Reconciliation Account Accounts Payable Fixed Assets Accounts Receivable Real Time Integration
- 8. Recording: General Ledger Recording General Ledger Transactions: Postings not related to other Business Processes Accounts Payable Fixed Assets Accounts Receivable Real Time Integration General Ledger
- 9. Reporting Reporting the numbers recorded in all business processes Financial Statements and other reports are updated in real time All reports can be generated whenever requested Accounts Payable Fixed Assets Accounts Receivable Real Time Integration General Ledger Reporting