The document provides information on master data setup in SAP, including:
1) It describes key master data objects like company code, chart of accounts, cost centers, and profit centers and how to create them.
2) It explains how to create important master records like general ledger account codes, vendor master codes, customer master codes, and asset master codes.
3) It provides transaction codes for common master data creation and maintenance activities.
When good receipt (GR) and invoice receipt (IR) is performed, an accounting document gets generated. Movement of material leads to the automatic generation of accounting document and this is referred as MM FI integration.
When good receipt (GR) and invoice receipt (IR) is performed, an accounting document gets generated. Movement of material leads to the automatic generation of accounting document and this is referred as MM FI integration.
Case study material ledger implementation lessons learnedJohannes Le Roux
Material Ledger as implementaion as part of their initial SAP implementation or during a future rollout phase. In this session we’ll cover:
Why implementing SAP Material Ledger as part of your initial SAP implementation will Levegage Material Ledger as a springboard to SAP Profitability and Cost Management software
Quick sap co configuration Internal OrderCapgemini
Internal order is a virtual place for collecting/pooling the costs of a particular activity/task. i.e. it is a method to collect those costs and business transactions related to the task/activity. It is a means of tracking costs of a specific job, service, or task. Periodically the costs which are pooled in an internal order can be settled to an asset or to a cost center or to a GL Account or to an order. Thus, while recording you need not analyze the costs. Just record and pool the costs in internal order. After that (generally at the end of the month) these costs are analyzed and settled for relevant elements (like asset or cost center etc).
This method of recording and settling the costs helps in analyzing the costs of cost center wise, profit center wise or cost element-wise. This level of monitoring can be very detailed but allows management the ability to review Internal Order activity for better-decision making purposes.
Introduction:
An Automated Clearing House (ACH) Payment is a form of electronic funds transfer that provides
a secure, efficient method of receiving payment through the ACH Network. The ACH Network is
a batch-oriented processing and delivery system that provides for the distribution and settlement
of electronic transactions and payments among financial institutions.
ACH payments offer the following benefits:
Eliminates the handling of paper checks
Reduces any payment problems due to lost, stolen or misdirected checks
Eliminates mail delays
Provides for greater payment certainty for cash planning
Provides an opportunity to electronically update and streamline your cash application and
receivables operations
More effective and secure.
Business can execute international transactions without having a foreign bank account
ACH format creates payment media for domestic payments in the USA. Incoming and outgoing
payments in US are supported.
ACH format is in accordance with version 004000 and conforms to the specifications of the
National Automated Clearing House Association (NACHA).
The National Automated Clearing House Association (NACHA) has worked with the Office of
Foreign Assets Control (OFAC) to amend ACH operating rules, minimize vulnerabilities in the
ACH network and prevent entities banned by OFAC from using the network as a conduit to send
or receive overseas funds.
NACHA Format Options: (i.e. CTX, CCD, CBR, PPD, POS, POP, PBR, IAT….etc)
In this document we will explain the creation of NACHA format file (National Automated
Clearing House Association) which need to be submitted to Banks for processing the ACH
(Automated Clearing House) transaction by CTX format
CTX Format – Corporate Trade Exchange is a NACHA format that incorporates multiple addenda
records that are structured in variable length fields. The addenda records are the remittance detail
for the ACH payment. The CTX Format is the suggested format as it is completely electronic and
therefore the most efficient
In sap we have two types of bank statement are there:
Manual Bank Statement
Electronic Bank Statement
If you receive an electronic statement then you just need to upload it to sap for the purpose of
preparation of bank reconciliation statement. If it is manual one then you need to enter the
statement manually into sap.
Withholding Tax is also called as retention tax. Its requirement of payer to deduct or withhold a
particular percentage from payment to the vendors and pay such amount to the Government on
behalf of vendors.
SAP provides you with two procedures for processing withholding tax: "Standard" and extended
withholding tax.
"Standard" withholding tax is the procedure that has always been supported by the system.
It offers you the following features:
Withholding tax for accounts payable
Withholding tax calculation during payment
Withholding tax code per vendor line item
Extended withholding tax provides the following additional features:
Multiple withholding taxes per customer or vendor line item
Withholding tax calculation for partial payments
Withholding tax calculation for invoice entry and payment
Case study material ledger implementation lessons learnedJohannes Le Roux
Material Ledger as implementaion as part of their initial SAP implementation or during a future rollout phase. In this session we’ll cover:
Why implementing SAP Material Ledger as part of your initial SAP implementation will Levegage Material Ledger as a springboard to SAP Profitability and Cost Management software
Quick sap co configuration Internal OrderCapgemini
Internal order is a virtual place for collecting/pooling the costs of a particular activity/task. i.e. it is a method to collect those costs and business transactions related to the task/activity. It is a means of tracking costs of a specific job, service, or task. Periodically the costs which are pooled in an internal order can be settled to an asset or to a cost center or to a GL Account or to an order. Thus, while recording you need not analyze the costs. Just record and pool the costs in internal order. After that (generally at the end of the month) these costs are analyzed and settled for relevant elements (like asset or cost center etc).
This method of recording and settling the costs helps in analyzing the costs of cost center wise, profit center wise or cost element-wise. This level of monitoring can be very detailed but allows management the ability to review Internal Order activity for better-decision making purposes.
Introduction:
An Automated Clearing House (ACH) Payment is a form of electronic funds transfer that provides
a secure, efficient method of receiving payment through the ACH Network. The ACH Network is
a batch-oriented processing and delivery system that provides for the distribution and settlement
of electronic transactions and payments among financial institutions.
ACH payments offer the following benefits:
Eliminates the handling of paper checks
Reduces any payment problems due to lost, stolen or misdirected checks
Eliminates mail delays
Provides for greater payment certainty for cash planning
Provides an opportunity to electronically update and streamline your cash application and
receivables operations
More effective and secure.
Business can execute international transactions without having a foreign bank account
ACH format creates payment media for domestic payments in the USA. Incoming and outgoing
payments in US are supported.
ACH format is in accordance with version 004000 and conforms to the specifications of the
National Automated Clearing House Association (NACHA).
The National Automated Clearing House Association (NACHA) has worked with the Office of
Foreign Assets Control (OFAC) to amend ACH operating rules, minimize vulnerabilities in the
ACH network and prevent entities banned by OFAC from using the network as a conduit to send
or receive overseas funds.
NACHA Format Options: (i.e. CTX, CCD, CBR, PPD, POS, POP, PBR, IAT….etc)
In this document we will explain the creation of NACHA format file (National Automated
Clearing House Association) which need to be submitted to Banks for processing the ACH
(Automated Clearing House) transaction by CTX format
CTX Format – Corporate Trade Exchange is a NACHA format that incorporates multiple addenda
records that are structured in variable length fields. The addenda records are the remittance detail
for the ACH payment. The CTX Format is the suggested format as it is completely electronic and
therefore the most efficient
In sap we have two types of bank statement are there:
Manual Bank Statement
Electronic Bank Statement
If you receive an electronic statement then you just need to upload it to sap for the purpose of
preparation of bank reconciliation statement. If it is manual one then you need to enter the
statement manually into sap.
Withholding Tax is also called as retention tax. Its requirement of payer to deduct or withhold a
particular percentage from payment to the vendors and pay such amount to the Government on
behalf of vendors.
SAP provides you with two procedures for processing withholding tax: "Standard" and extended
withholding tax.
"Standard" withholding tax is the procedure that has always been supported by the system.
It offers you the following features:
Withholding tax for accounts payable
Withholding tax calculation during payment
Withholding tax code per vendor line item
Extended withholding tax provides the following additional features:
Multiple withholding taxes per customer or vendor line item
Withholding tax calculation for partial payments
Withholding tax calculation for invoice entry and payment
SAP FICO General Ledger EndUser Training | www.sapdocs.infosapdocs. info
You can download this material from http://sapdocs.info/sap/fico/download-sap-general-ledger-accounting-enduser-training-ppt-material/
Get more SAP Materials from http://sapdocs.info/sap/
If you haven’t looked at QuickBooks Statement Writer lately, you’re missing out on the new and improved features and functionality that can revolutionize how you prepare compilations, write-ups, and management reports. Learn how QuickBooks Statement Writer utilizes templates to bridge QuickBooks with Microsoft Excel and Microsoft Word. Create your own templates based on your clients’ needs or use pre-defined templates to create industry-compliant statements. Create professional accounting reports with flexible formatting that will improve the productivity and efficiencies within your firm.
Working online with accounts and financial managementEresource Erp
The accounting module in eresource is a web version integrated with the Sales, Purchase and Inventory module. It includes many new features that enables user to work easier and faster. The Financial Accounting module is designed to capture organizations business transactions in a manner that will satisfy external reporting requirements. Statutory and Regulatory requirement to standards are considered and the ability to manage and report on multiple companies in multiple countries with multiple currencies is part of standard functionality
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Scope Of Macroeconomics introduction and basic theories
Fi user manual
1. Table of Contents
Master Data .................................................................................................................................................. 3
Glossary ..................................................................................................................................................... 3
Features ................................................................................................................................................ 3
Company ............................................................................................................................................... 3
Company Code ...................................................................................................................................... 3
Chart of Accounts.................................................................................................................................. 3
Account Groups..................................................................................................................................... 4
Fiscal Year.............................................................................................................................................. 4
Cost Centre............................................................................................................................................ 5
Profit Centre.......................................................................................................................................... 5
Create Profit Center .............................................................................................................................. 7
Profit Center Group............................................................................................................................... 8
Cost Centre............................................................................................................................................ 9
Cost Centre Group .............................................................................................................................. 10
Creation of Account Codes (FS00) ...................................................................................................... 16
Creation of Customer Master Codes (FD01) ....................................................................................... 22
Creation of Asset Master Codes (AS01) .............................................................................................. 25
Creation of Asset Sub-number Codes (AS11)...................................................................................... 27
Display of Asset Master Codes (AW01N) ............................................................................................ 28
General Ledger ........................................................................................................................................ 29
Booking a Journal Voucher (F-02)/ (FB50) .......................................................................................... 29
Journal Entries with T-Code FB50 ....................................................................................................... 31
Clearing Open Line Items in the GL account (F-03)............................................................................. 33
Display of Journal Voucher (FB03) ...................................................................................................... 33
Accounts Payable .................................................................................................................................... 34
Vendor Invoice Posting (FB60) / (F-43) ............................................................................................... 34
Vendor Credit Memo Posting (FB65)/ (F-41) ...................................................................................... 36
Vendor Invoice Payment ( F-53) / (F-58)............................................................................................. 37
Advance Payments Request to Vendors (F-47)................................................................................... 38
2. Advance Payments to Vendors (F-48) ................................................................................................ 39
Clearing the Down Payment (F-54) ..................................................................................................... 40
Import process ........................................................................................................................................ 42
For capturing custom duty vendor invoice go with t.Code: MIRO ..................................................... 43
Go with MIGO ..................................................................................................................................... 46
Accounts Receivable ............................................................................................................................... 48
Customer Invoice (FB70) ..................................................................................................................... 48
Customer advance (F-29) .................................................................................................................... 51
Clearing Advance (F-39) ...................................................................................................................... 51
Clear Customer Invoice with Advances ( F-32) ................................................................................... 52
Reports .................................................................................................................................................... 53
3. Master Data
Glossary
Features
The Financial Accounting application component comprises the following sub-components:
General Ledger (FI-GL)
Accounts Payable (FI-AP)
Accounts Receivable (FI-AR)
Bank Accounting (FI-BL)
Asset Accounting (FI-AA)
Company
The smallest organizational unit for which individual financial statements are created according to the
relevant legal requirements. A company can include one or more company codes. A company’s financial
statements also form the basis of consolidated financial statements.
All of the company codes within a company must use the same chart of accounts and fiscal year.
However, each company code can have a different local currency.
Company Code
Smallest organizational unit of external accounting for which a complete, self-contained set of accounts
can be created. This includes the entry of all transactions that must be posted and the creation of all
items for legal individual financial statements, such as the balance sheet and the profit and loss
statement.
Chart of Accounts
The chart of accounts list is a directory of all charts of accounts that can be used in a client and must
assign one chart of accounts to each company code. Therefore need at least one chart of accounts for a
4. group company in the system. The chart of accounts is shared by Financial Accounting as well as
cost/revenue accounting. The items in a chart of accounts can be both expense or revenue accounts in
Financial Accounting and cost or revenue elements in cost/ revenue accounting. We can define the
length of the G/L account numbers. The maximum length is ten characters. Internally, the system keeps
the account numbers with a ten character length. The system pads purely numeric account numbers
with zeroes from the left, and alphanumeric account numbers from the right
Account Groups
The account group is a summary of accounts based on criteria that effects how master records are created.
The account group determines:
The number interval from which the account number is selected when a G/L account is created.
The screen layout for creating G/L accounts in the company code-specific area
Fiscal Year
Usually a period of twelve months for which a company regularly creates financial statements and
checks inventories
The fiscal year may correspond exactly to the calendar year, but this is not obligatory.
In Lloyds Group, we will be having to Fiscal Year
Special Periods
Special posting periods that subdivide the last regular posting period for closing operations.
5. Irrespective of how we have defined our fiscal year, we can also use special periods. Special periods
subdivide the year-end closing period. They therefore merely divide the last posting period into several
closing periods. This enables us to create several supplementary financial Statements
A fiscal year usually has 12 posting periods. In General Ledger Accounting, we have defined four special
periods so out total accounting periods will be 16 for Lloyds Group.
Cost Centre
An organizational unit within a controlling area that represents a defined location of cost incurrence.
The requirement at Lloyds Group is to capture the costs Department wise. Cost centers would be
divided into main groupings: Example:
1) Production
2) Service
3) Administration Cost Centers
Profit Centre
Create KE51
Change- KE52
Display:-KE53
A profit center is an organizational unit in accounting that reflects a management-oriented structure of
the organization for the purpose of internal control.
We can analyze operating results for profit centers using either the cost-of-sales or the period
accounting approach. By calculating the fixed capital as well, we can use our profit centers as
investment centers.
To create Profit Center follow the below path-
6. We have to enter the profit center number.-
If we have to copy for the existing profit center, we can give that Profit center
After we press: Enter or (Master Data) button on the screen.
The below screen will appear, enter the Profit center details
7. Then go to the Company Code Tab on the Screen as shown below
Create Profit Center
After we press Save button on the top row of the screen.
Again go to the Basic Data Tab and use can see that the Profit Center is in Inactive mode
8. Then click the activate button
Profit Center Group
Create - KCH1
Change: KCH2
Display: KCH3
A profit center group is a hierarchical structure of profit centers.
We can use profit center groups to group profit centers together according to company-specific criteria.
Profit center groups are used for reporting, allocations or in various planning functions, where it does
not make sense to enter or display data at the lowest level (with a high level of detail).
The standard hierarchy is a special type of profit center group. It has to contain all profit centers
belonging to the Controlling area and reflect the organizational structure of Profit Center Accounting.
We can collect cost centers according to various criteria into groups. This enables us to use cost centers
to depict the Structure of the organization in the SAP System.
Enter the Profit Center Group.
Press the Button to view Profit
center groups
Press enter or button and the below screen will appear
9. Cost Centre
Create - KS01
Change: KS02,
Display: KS03
A cost center is an organizational unit that represents a defined location of cost incurrence. To create
Cost Center follow the below path:
10. Gr e a v e s Co t t o n Li m i t e d Page 8
Give the Controlling area.
After we press: Enter
The below screen will appear, enter the cost center details & Valid from Date Valid till Date
After we press ENTER, the below screen will appear.
Provide the necessary details and press enter the Description for the data fed will be shown as shown
above screen. And press SAVE button in the top of the row.
Cost Centre Group
Create - KSH1,
Change: KSH2, &
Display: KSH3
11. We can collect cost centers according to various criteria into groups. This enables we to use cost centers
to depict the Structure of the organization in the SAP System.
We can use the groups to build cost centre hierarchies, which summarize the decision-making,
responsibility, and control areas according to the particular requirements of the organization. The
individual cost centers form the lowest hierarchical level.
Enter the Cost Centre Group.
Press enter and the below screen will appear
Posting Keys
Definition
Two-character numerical key that controls the entry of line items. The posting key determines:
Account type
Debit/credit posting
Layout of entry screens
Use
When we enter a posting, enter a posting key for each item. This key determines how the item is posted.
Posting keys are defined at client level and therefore apply to all company codes. The posting key
determines:
The data we can enter in the line item
How data we post is processed
How the system updates the data we enter
12. Posting keys are differentiated by customer, vendor and G/L accounts. Apart from the General Ledger
Accounting (FI-GL) and Accounts Receivable and Payable (FI-AR/AP) components, there are also posting
keys for asset and material accounts.
The following figure illustrates the posting key:
SAP delivers predefined posting keys with the standard system. The following table lists some of the
posting keys in the standard system.
Integration
The document type specifies which account types we can post to. The posting key specifies which
account types we can post to. A posting key can only be entered for an account type which is permitted
for that document type.
13.
14. Document Type
Document types are valid for all clients. We specify a number range key for each document type. We create the
desired umber range intervals for each number range key based on the company code. This means that we can
specify intervals of different sizes for the same number range.
The preset document types cover business transactions in Financial Accounting for:
General ledger accounting
Accounts receivable
Accounts payable
Asset accounting
Consolidation
in Materials Management and Sales and Distribution for:
15. Goods receipt and issue
Incoming and outgoing invoices
Physical inventory (stocktaking)
Invoicing.
Some Default Document Type In SAP
16. MASTERS
General Ledger Account Codes
AG/L account number identifies the account code in a Chart of accounts and has to be defined for each
Company Code before any postings can be made to the same.
In case of Aura Mineral (Lloyds Group) the GL account has been defined as a 06 digit numerical code
having a series as displayed in the slide herein below.
Creation of Account Codes (FS00)
Listed below are the steps that need to be followed for creating a new GL account.
Enter the number of the account code and the corresponding Company Code in which it is to be created.
Select the appropriate Account Group from the dropdown list.
Specify whether the account is of the type Balance Sheet or P & L type.
17. Enter a description for the account.
Click on create button , provide the value as we require
Before opening a new GL account, execute tcode F.10 and ascertain the next free number available in a
Account group. Go to the tab for Control Data and specify the following
Specify the currency. This normally gets defaulted from the Company Code currency.
Incase if an account is a Reconciliation account; indicate the same in the field provided.
Select the check box for Open item management & Line item Display. In case of P&L items, the Recon
Account and Open item management field is Not relevant and hence can be skipped.
Note that a Reconciliation account will be used for Vendor and Customer sub-ledgers and cannot be
posted to directly. Based on the value entered in the Sort Key, the Assignment field in the GL account
gets populated.
Go to the tab for Create/Bank Interest
18. Specify the Field Status Group (FSG). AFSG helps in identifying the fields that are to be entered while
booking an entry to the GL account.
In case of Cash and Liquidity related GL accounts; indicator for Planning Level and Relevant for Cash
Flow needs to be populated. Such GL accounts are then displayed in the Cash Management reports.
Saving the entry will now create the GL account in the specified Company code.
Creation of Primary Cost Element (KA01)
We can go with the following Navigation path
Give the Cost element and the Dates Valid
From and To Dates. SAP will allow we to
enter the transaction within these dates.
19. Cost element category should either be
01 for primary costs,
11 for revenue accounts and
12 for revenue deductions which is coming from SD module.
Creation of Vendor Master Codes (FK01)
Listed below are the steps that need to be followed for creating a new Vendor account code.
Specify the Company Code and the Account group using which the Vendor code needs to be created.
Based on the Account group selected, the number range gets decided and it may be a External or
Internal numbering Sequence.
Click on Enter and in the displayed screen enter the Address details of the vendor. Note that the address
as entered here gets printed on the TDS Certificates and other external correspondences with the
Vendor.
Click on the Tab for CIN Details and specify the PAN and Service Tax numbers of the Vendor wherever
available
20. Coming back to the main screen will display the following tab wherein a link can be established if Vendor
is also a Customer.
Due to this linkage the combined balance of the Vendor/Customer can be available in a single line item
display Report .
In the next tab, the bank details of the Vendor can be maintained. An important indicator in this tab is
the check box for Individual Payee Selecting this activates a special screen during document entry
wherein the description of the Vendor can be entered.
A cheque printed for such a document will then be in the name as maintained in the document and not
as per the Vendor Master record.
In the tab for Payment transactions the details like Reconciliation account and Sort key needs to be
specified.
The Cash Mgmt Group field is mandatory and a appropriate value needs to be entered therein. This
again will be help in displaying the Vendor Inflow/outflow positions In the Liquidity Management
reports.
21. In the tab for Payment transactions, the Payment terms and Payment methods can be entered. These
serve as default values at the document entry level and can be changed while booking the transaction.
The check box for Chk double invoicing also needs to be selected.
In the tab for Correspondences specify a value in the field for Account statement. This helps in
generating Account Statement correspondences To the Vendor.
These codes then appear as a default during Document entry and can be changed while booking a
transaction.
22. In the tab for WITHOLDING TAX specify the TDS Section under which tax is to be deducted from the
Vendor Invoice/ Payments
Note that only when a TDS Code is maintained in the Vendor master will the same get defaulted at
document entry level else no TDS will get deducted.
CO indicates the status of the Vendor eg. Company or Others. The checkbox for liable needs to be
selected in order that TDS may get deducted.
Creation of Customer Master Codes (FD01)
Select the appropriate Account group and the Company code in which the Customer needs to be
created. Based on the Account group selected,
The number range gets decided and it may be a External or Internal numbering sequence.
23. Click on Enter and in the displayed screen enter the Address details of the Customer
Click on the Tab for CIN Details and specify the PAN and Service Tax numbers of the Customer wherever
available
Coming back to the main screen will display the following tab wherein a link can be established if Vendor
is also a Customer. Due to this linkage the combined balance of the Vendor/Customer can be available
in a single line item display report.
24. In the next tab, the bank details of the Customer can be maintained. An important indicator in this tab is
the check box for Individual Payee. Selecting this activates a special screen during document entry
wherein the description of the Customer can be entered.
A cheque printed for such a document will then be in the name as maintained in the document and not
as per the Customer Master record.
In the tab for Payment transactions the details like Reconciliation account and Sort key needs to be
specified.
The Cash Mgmt Group field is mandatory and a appropriate value needs to be entered therein. This
again will be help in displaying the Customer Inflow/outflow positions In the Liquidity Management
reports.
In the tab for Payment transactions , the Payment terms and Payment methods can be entered. These
serve as default values at the document entry level and can be changed while booking the transaction.
25. In the tab for WITHOLDING TAX specify the TDS Section under which tax is to be deducted from the
Customer Invoice/Payments. These codes then appear as a default during Document entry and can be
changed while booking a transaction
Creation of Asset Master Codes (AS01)
26. Specify the Asset Class under which an Asset is to be created as also the Company code of creation.
Enter details relating to the asset like description, serial number, Inventory number etc. in the field
provided
Modified in the asset master by choosing the option of More Intervals. Incase if shift depreciation is to
be activated then the field Multiple Shift can be activated and along with the Variable portion field in
Depreciation areas the required rate can be manipulated.
27. The Depreciation Areas get defaulted as shown here in below.
The Group Asset field has been mandatory for input and is basically used for tracking Depreciation as
per the Income Tax Act.
Creation of Asset Sub-number Codes (AS11)
An Asset sub-number is normally created when a material and significant extension is made to the main
asset which has its own depreciation terms and useful life as distinct from the main asset.
Enter the main asset number for which a sub-number needs to be created and click on enter. By default
all the asset details as provided in the main asset gets copied onto the asset sub-number.
29. The Asset master display can be had through AW01N and is as shown below. In the tabs for Planned
Values the Capitalization details are available.
In the Posted Values, the month wise depreciation figures can be know whereas the tab for
Comparisons the year-wise depreciation details can be had.
General Ledger
Booking a Journal Voucher (F-02)/ (FB50)
Navigation Path
The document entry screen comprises of Header and Line item details to be filled in while booking a
transaction. Details entered in the Header are relevant for the whole document. There can be a
maximum of 999 lines in a single Document.
Enter details like Date, company code text etc in the Header area of the screen.
30. Enter Line item details like Posting Key and the corresponding Account code and specify the amount per
line item. Incase of expense accounts It is mandatory to enter a Cost Object like Cost Center, Segment
against it. The field can be used for the purpose Of sorting of line items.
Entering + and clicking on Enter will automatically copy the text as entered in the earlier line items Once.
Once all the line items have been entered, simulate the entry. This will display the accounting entries
that will be passed on saving the transaction. In case of unbalanced entries, system will not allow the
posting of the document. Check that the Dr and Cr amounts are equal for posting.
31. Journal Entries with T-Code FB50
It is preferable to go with T. Code FB50 as in this mode we need not to remember Posting Keys for
Debits and Credits We can pass entries with Debit and Credits and in the single screen.
32. Note- On the left hand side of the screen there we see some signal type indicator . We cannot post the
transaction until it turns to Green colour .
As the Total Debits and Total Credits amount are equal the signal turns green and we are able to post
the transaction Provide the values as shown above and click on simulate button. System will generate
the following screen
Simulation means the display of entry before posting it finally. We should always simulate the
transaction to check the accuracy of the transaction. As we simulate we can view the following details of
the transaction.
If the Transaction is correct we can Click on save button else we can modify the transaction. As we save the
transaction a document number is generated at the bottom line of the screen
33. Clearing Open Line Items in the GL account (F-03)
Click on process open items button
Display of Journal Voucher (FB03)
Give Document number, Company code and Fiscal Year.
34. In the above screen click on document list button for Document list Or Enter to
display Individual document.
Accounts Payable
Vendor Invoice Posting (FB60) / (F-43)
Navigation Path
Provide the necessary information and simulate the transaction
Decide on the Company code in which the Invoice needs to be posted and the currency involved. One
can also specify the currency conversion rate that needs to be adopted for the transaction. In the
reference field enter the Invoice number of the Vendor Invoice and the corresponding text.
35. By default, the above screen for TDS deduction comes up. TDS is applicable on Invoicing or Payment
whichever is earlier.
Remove the TDS codes against PAYMENT ( CP) line as this indicates TDS deduction at the time of
payment. Incase if manual adjustments need to be made, the base amount and corresponding TDS
Amount needs to be specified. This is of particular importance in cases where TDS has been deducted on
Advance payment. Enter the net amount here so that TDS gets deducted on the reduced amount.
The light next to the tabs reflects the balance in the document currency:
1. Balance does not equal zero (posting is not possible)
2. Unchecked status (initial status, posting not yet carried out)
3. Balance equals zero (posting carried out)
We can define how we want the debit/credit indicator to appear in Editing Options
Simulate: A document overview appears in which we can select various options for data preparation.
Simulate: A document overview appears in which we can select various options for data preparation.
36. If the entry is ok then Save the entry the Document number will be generated.
Note : We can use FB60 or F-43 for the voucher entry in FB60 we have debit credit screen and in T.Code
F-43 we have to use posting keys to do the transactions .
The procedure for booking of Vendor Invoices remains the same except that a special screen for
inputting the Vendor name and address details comes up. Note that the cheque will get printed as per
the name specified in the name field. This functionality can be used effectively for making payment to
vendors where the name changes each time eg. Payment to Government authorities for Income tax,
stamp duty etc.
Vendor Credit Memo Posting (FB65)/ (F-41)
Only we have to select the transaction type as credit memo in FB60 / F-43 or we can use FB65/F-41 for
creating credit memos for accounts payable.
38. Provide the values as shown above
Click on process open item button system will open the following screen
If we want change proposed value as shown in the above screen(amount entered 14000 but the invoice
value is 14600.)click on charge of diff. button .Click on line item screen.
Remove the value put the * in the amount field click on button.
Not assigned field need to always 0. Simulate and post the document.
Advance Payments Request to Vendors (F-47)
Advance payment Request to vendors are identified in SAP through the use of Special GL indicators
39. Provide the values as shown above.
Provide the values as shown above.
PO number provide link with FI and MM.
Enter and save
Advance Payments to Vendors (F-48)
Advance payment to vendors are identified in SAP through the use of Special GL indicators
40. Note that the postings through GL indicators get routed through the advance account and not the
normal Reconciliation account.
Specify the Company code, Vendor Code, bank account number and the amount that is to be paid as an
Advance and click on Enter.
Simulate the transaction and Post.
Clearing the Down Payment (F-54)
41. (Converting the SPl GL to Normal General A/c )
We can use the following navigation menu.
Provide the Vendor Code and the Date
If System Displays the Invoice Number in the Primary Screen remove the Invoice and click on
Note : - Provide the Narration in the Text field else the system will not allow to save the document.
Select the Transfer Posting and provide the amount we want to match with the invoice and
Simulate the transaction.
42. Import process
Purchase order: In the purchase order item data views click on conditions tab select the custom duty
conditions for view and change the custom vendor if required.
Select respective line and click on in the above screen.
43. For capturing custom duty vendor invoice go with t.Code: MIRO
With out providing any purchase order number provide the inr value in currency field as shown bellow
Then provide the purchase order number in purchase order field as shown bellow
Select the planned delivery costs in the above screen and press enter.
System will propose you the bellow screen.
44. Select the respective vendor click on right button
Copy the values from net PO value field and past in the amount column and put quantity as 1 in each
column as shown bellow.
45. Put the value in the amount field as shown in the above screen and simulate and save
46. Go with MIGO
For goods receipt ,Provide the purchase order number as shown bellow
Press enter
System will propose above screen provide the Miro document number and year press enter.
47. Select item on check box in the above screen fill all the mandatory fields and click on post button
Then release the goods from block stock select A05 document type as shown bellow in MIGO
transaction provide the purchase order number system will propose you bellow screen again provide
the MIRO document number
Fill the excise invoice number and date, provide the storage location in the above screen select item ok
check box and click on post button. GR FI entry
48. Accounts Receivable
Customer Invoice (FB70)
We can go with the following Navigation Path
Click on Simulate and we will get the following entry if it is correct we can save the same.
49. Customer Collection (F-28)
Go with following navigation
Mention the Cheque
Recd Branch Name
Provide the Narration
for the Transaction
Mention the Cheque
Number in the
Assignment Field
Mention the Cheque
Bank Name
Provide the Cheque
Date in the Value Date
Field
50. In the Receipts Transaction we will be using Inflow Bank A/c Code
51. Customer advance (F-29)
Mention the Special GL Indicator as “A” then only system will accept the transactions.
Simulate and Save.
Clearing Advance (F-39)
This application can be used to transfer
52. Remove the value in the invoice ref field and click on
Click on simulation
Click on blue color line item give description and SAVE
Clear Customer Invoice with Advances ( F-32)
53. Select Invoice simulate and than SAVE
For viewing the Customer A/c Balance we have to go to Line Item Display FBL5N- Display/Change Line
Items.
Reports
T-Code Description
FBL3N To view GL record
FS10N To view GL record Line items
FBL1N To view Vendor Line items record
FK10N To view Vendor balance
FBL5N To view Customer Line items record
FD10N To view Customer balance
54. F.01 Financial Statement (Balance Sheet & P/L)
S_ARL_87012310 Trial Balance
S_ARL_87012172 Customer Balance in Local currency
S_ARL_87012277 GL Balance in Local currency
S_ARL_87012182 Vendor Balance in Local currency
S_ARL_87012178 Monthly Debit/Credit Balance
S_ALR_87012085 Vendor Payment History with OI Sorted List
S_ALR_87012176 Customer Evaluation with OI Sorted List
S_ALR_87011990 Asset History Sheet