Pavan Kumar Chiti has over 7 years of experience as a SAP FI/CO consultant. He has worked on 5 SAP implementation projects and 2 support projects. His roles have included functional design, configuration, testing, data migration, documentation, training, and production support. He has extensive experience with FI/CO modules like GL, AR, AP, fixed assets, CO-CCA, IO and special purpose ledger. He is proficient in ABAP, Oracle, and accounting packages like Tally.
Table of Contents
SAP Cash Management Introduction & Sub modules
Cash Position
Cash Liquidity Forecast
SAP Cash Management – Some Scenarios in SAP
Worklist overview
Creating P2P
Display P2P
Create Dispute Management
Display Case ID
Blogs on Document Splitting at www.veritysolutions.com.au
Document Splitting is a very powerful feature delivered by SAP ECC.
Previous to SAP ECC, if new fields were required to General Ledger SAP had to deliver these new fields in Special Purpose Ledger tables. Profit Centre Accounting in R3 was Special Purpose Ledger table 8*, Joint Venture Accounting was ledger 4*. This essentially meant that data had to be copied from General Ledger table GLT0 to special ledger tables so these could be reported upon. However, technical glitches in code and incorrect usage of functionalities caused imbalances between the main ledger GLT0 and the special purpose ledgers.
SAP customers who wanted to expand the functionality of General Ledger to cater to special business requirements (like reporting General Ledger with another fiscal year variant) had to create custom Special Purpose Ledger tables. For example, if a customer wanted to report by two fiscal year variants, they could report one variant using General Ledger and the other variant using Special Purpose Ledger.
All this disparate ledgers reported the same source information in different views. Customers had to execute several month end jobs to ensure synchronisation of data across all these ledgers. Differences in balances and information between ledgers led to delays in month end close and reporting.
With SAP ECC new GL, SAP Customers can add new fields (which SAP calls “scenarios”) into General Ledger. This allows customers to perform, for example, Profit Centre Accounting and Reporting within General Ledger.
With SAP ECC new GL, SAP Customers can add new ledgers (which SAP calls “parallel accounting”) into General Ledger. This allows customers to report, for example, the same General Ledger data in multiple fiscal year variants.
This replication of data happens in real-time. SAP customers no longer need to execute month end jobs to synchronise data between different ledgers.
Some levels of confusion between SAP MM and SAP S/4 HANA still exist with the majority of the people these days. In this infographic, we provide clarity for those who are wrestling with the differences between the two.
AUC is Asset under construction where some assets are in construction phase and cost needs to
capture through internal order for the time being. Once asset is fully completed then cost would
be transferred to another cost object (E.g. Cost center, Order etc...) and settle with final asset.
E.g. XYZ Company constructing building for their office. While construction many expenses are
attached to it. Till the time it is created we cannot charge it in building account hence we need to
create AUC account where cost will be stored.
Assets under construction (AUC) are a special form of tangible assets. They are usually displayed
as a separate balance sheet item and therefore require a separate account determination and their
own asset classes. During the construction phase of an asset, all actual postings are assigned to the
AUC. Once the asset is completed, a transfer is made to the final fixed asset
Table of Contents
SAP Cash Management Introduction & Sub modules
Cash Position
Cash Liquidity Forecast
SAP Cash Management – Some Scenarios in SAP
Worklist overview
Creating P2P
Display P2P
Create Dispute Management
Display Case ID
Blogs on Document Splitting at www.veritysolutions.com.au
Document Splitting is a very powerful feature delivered by SAP ECC.
Previous to SAP ECC, if new fields were required to General Ledger SAP had to deliver these new fields in Special Purpose Ledger tables. Profit Centre Accounting in R3 was Special Purpose Ledger table 8*, Joint Venture Accounting was ledger 4*. This essentially meant that data had to be copied from General Ledger table GLT0 to special ledger tables so these could be reported upon. However, technical glitches in code and incorrect usage of functionalities caused imbalances between the main ledger GLT0 and the special purpose ledgers.
SAP customers who wanted to expand the functionality of General Ledger to cater to special business requirements (like reporting General Ledger with another fiscal year variant) had to create custom Special Purpose Ledger tables. For example, if a customer wanted to report by two fiscal year variants, they could report one variant using General Ledger and the other variant using Special Purpose Ledger.
All this disparate ledgers reported the same source information in different views. Customers had to execute several month end jobs to ensure synchronisation of data across all these ledgers. Differences in balances and information between ledgers led to delays in month end close and reporting.
With SAP ECC new GL, SAP Customers can add new fields (which SAP calls “scenarios”) into General Ledger. This allows customers to perform, for example, Profit Centre Accounting and Reporting within General Ledger.
With SAP ECC new GL, SAP Customers can add new ledgers (which SAP calls “parallel accounting”) into General Ledger. This allows customers to report, for example, the same General Ledger data in multiple fiscal year variants.
This replication of data happens in real-time. SAP customers no longer need to execute month end jobs to synchronise data between different ledgers.
Some levels of confusion between SAP MM and SAP S/4 HANA still exist with the majority of the people these days. In this infographic, we provide clarity for those who are wrestling with the differences between the two.
AUC is Asset under construction where some assets are in construction phase and cost needs to
capture through internal order for the time being. Once asset is fully completed then cost would
be transferred to another cost object (E.g. Cost center, Order etc...) and settle with final asset.
E.g. XYZ Company constructing building for their office. While construction many expenses are
attached to it. Till the time it is created we cannot charge it in building account hence we need to
create AUC account where cost will be stored.
Assets under construction (AUC) are a special form of tangible assets. They are usually displayed
as a separate balance sheet item and therefore require a separate account determination and their
own asset classes. During the construction phase of an asset, all actual postings are assigned to the
AUC. Once the asset is completed, a transfer is made to the final fixed asset
1. Pavan Kumar Chiti
SAP FICO FUNCTIONAL CONSULTANT
Email: pavanc.mba@gmail.com , Mobile: +65-86864079
Experience Summary:
Total 7+ years of professional experience which includes 5+yearsof SAPFI/CO Consultant with 3full
life cycles end to end implementation and 2 Support projects.
Worked in Full life cycle implementations, Rollouts, Support and Upgrade projects.
Extensive experience in configuration and testing of FI/CO modules -GL, AR, AP, Fixed Assets,
Cost Center Accounting (CO-CCA), Internal Orders and Special purpose Ledger working knowledge
of Profitability Analysis (CO-PA). Product costing (CO-PC).
Experience in configuration of CIN (Country India Version) .
Integration of FI with MM and SD with Procure to Pay and Order to cash Cycles
Reporting tools like Report Painter, Report Writer
Through understanding of a customized SAP system
Through understanding of SAP system from business process, cross functional and integration view
points. In-depth knowledge in configuration, implementation, ASAP methodology, system design and
development and gathering user requirements.
Experience in Blueprint, Configuration, Unit, Stress, Volume, Regression, User Acceptance and
Integration Testing, Training, Documentation and Production support.
Special emphasis on Data Migration specifications with BDC, Legacy System Migration workbench
(LSMW) for data uploads for various SAP Projects
Good knowledge in ABAP debugging techniques to work with user-exits.
Excellent in working with posting validations, substitution rules, forms, interfaces (ALE & EDI),
user-exits, and reporting tools
Professional Experience:
Working as a SAP FI/CO Consultant for GTN Engineerin (India) Ltd,IndiaJuly 2014 to Feb 2016.
Working as aSAP FI/CO Consultant for GTN Industries Ltd, IndiaMarch 13 to July 2014.
Worked as SAP FI/CO Consultant forPidilite industries Limited,India August 12 to Feb 13.
Worked as a SAP FI/CO Consultant forPantaloons Retail (India) Ltd,IndiaApril 11 to July12.
Worked as a SAP FI/CO Consultant For Delphi Corporation Inc,IndiaJuly 10 toMarch 2011.
Professional Qualification
MBA Finance From JNTU,Hyd,2008.
B.Com Computers from Osmania University,Hyd,2006.
Skill Set:
ERP Applications : SAP R/3 FI /CO
Languages : C, C++, VB, ABAP.
Database application : Oracle (SQL, PL/SQL).
Accounting Package : Tally 7.2, 8.1, 9.0
2. SAP Experience
PROJECT DETAILS:
Project # 1
Client :GTN Engineering (India) Ltd, India.
Duration :July 2014 to Feb 2016.
Environment : SAP – ECC 6.0
App. Areas : FICO.
The GTN Group is one of the pioneers tracing its origin to Textile in all its
facets of manufacturing to international standards for over five decades. For nearly a
decade with engineering expertise backed by vast global exposure and experience in the
export of engineering products, today GTN caters to some of the world's foremost
industrial establishments. With the group turnover of over 100 Million Dollars and
more than 3000 skilled employees, today GTN Engineering Division has emerged as
one of the leading exporters of quality castings and forgings from India. GTN Engineering
division adds another feather to its cap by obtaining ISO-9001:2000 version, and the first
Company in India to attain this 2000 version.The engineering division lays emphasis to
the export of high quality castings and forgings for highly demanding international
markets
Roles and Responsibility:-
As a FICO consultant is responsible for:-
I was working as in house consultant Implementation cum support for company code.
Functional design of FICO processes, includes AP, AR, AA, GL, CO, CO-PC, Cost center,
profit center, IO and PS.
Configuration of CIN( withholding tax on tax deduction at source for vendors, contractors).
I have worked in SAP Query for internal reporting system.
Maintain process documentation for FICO processes & tasks
Active participation in cutover strategy for financial data conversion.
Creation and Uploading of Vendor master, Customer master, and Assets master.
Creation and Uploading of vendor open items, Customer open items GL open items and
Assets open items.
Project # 2
Client :GTN Industries Ltd, India
Duration : March 13 to July 2014.
Environment : SAP – ECC 6.0
App. Areas : FICO.
The GTN Group is one of the pioneers tracing its origin to Textile in all its facets of
manufacturing to international standards for over five decades. For nearly a decade with
engineering expertise backed by vast global exposure and experience in the export of
engineering products, today GTN caters to some of the world's foremost industrial
3. establishments. With the group turnover of over 100 Million Dollars and more than
3000 skilled employees.
Roles and Responsibility:-
Customized the requirements for Enterprise structure and Financial Accounting Global
Settings.
Created functional specifications explaining the Business Process for implementing
Modulesviz, General Ledger, Accounts Receivable, Accounts Payable, and Controlling.
Creation and Uploading of Vendor master, Customer master.
Maintenance of COA, Cost elements, Cost centers.
Customized some reports through report painter.
Customized screens to address gaps in the process handling.
Standardization of documentation suggested for entire implementation
Project # 3
Client :Pidilite industries Limited,India.
Duration :August 12 to Feb 13.
Environment : SAP – ECC 6.0
App. Areas : FICO.
Pidilite is amongst the leading companies of India and its brand Fevicol, Steel grip, Acron,
Dr.fixit, Fevitite and M-seal are amongst the most trusted brands of India. Product range of
pidilite includes adhesives and sealants, construction and paint Chemicals, Art materials,
industrial and textile resins and organic pigments and preparation. Pidilite products
conform to global quality stands and are exported to developing and countries all over the
world.
Roles and Responsibility:-
Handling issues regarding field status of record of G/ L, AR & AP.
Creation of new Customer & Vendor Groups
Solving issues & creating new Payment Terms for customers.
Configurable issues of GL, AR, AP and Asset Accounting.
Creating new House Banks.
Creating Payment methods for Automatic Payment Program.
Providing day-to-day operational and process support to users.
Resolved User issues on timely basis.
Keep all documentation up to date by team on share point of time.
Control Area Settings, Cost element Creation, Settings of Cost Center Accounting, Internal
Order, and Profit Center Accounting.
4. Project # 4
Client :Pantaloons Retail (India) Ltd,
Duration :April 11 to July12.
Environment : SAP – ECC 6.0
App. Areas : FICO.
Pantaloon Retail (India) Limited, is India’s leading retailer that operates multiple retail
formats in both the value and lifestyle segment of the Indian consumer
market. Headquartered in Mumbai (Bombay), the company operates over 7 million square
feet of retail space, has over 1000 stores across 51 cities in India and employs over 25,000
people.
.
Roles and Responsibility:-
Customized the requirements for Enterprise structure and Financial Accounting Global
Settings.
Created functional specifications explaining the Business Process for implementing modules
viz, General Ledger, Accounts Receivable, Accounts Payable, Asset Accounting and
Controlling.
Creation and Uploading of Vendor master, Customer master, Materials, and Assets master.
Maintenance of COA, Cost elements, Cost centers.
Customized some reports through report painter.
Customized screens to address gaps in the process handling.
Standardization of documentation suggested for entire implementation process.
Establishing various validations and Recording the results.
Project # 5
Client : Delphi Corporation Inc,
Duration :July 10 to March 2011.
Environment : SAP – ECC 6.0
App. Areas : FICO.
Delphi isa world leader in mobile electronics and transportation components and systems
technology. Multi-national Delphi conducts its business operations through various
subsidiaries and has headquarters. Delphi two business sectors – Dynamics, propulsion,
thermal & interior sector and electrical, electronics, & safety sector – provide comprehensive
product solutions to complex customer needs.
5. Roles and Responsibility:-
Customized the requirements for Enterprise structure and Financial Accounting Global
Settings.
Created functional specifications explaining the Business Process for implementing modules
viz, General Ledger, Accounts Receivable, Accounts Payable, Asset Accounting and
Controlling.
Creation and Uploading of Vendor master, Customer master, Materials, and Assets master.
Maintenance of COA, Cost elements, Cost centers.
Customized some reports through report painter.
Customized screens to address gaps in the process handling.
Standardization of documentation suggested for entire implementation process.
Controlling:
Enterprise Structure in Controlling: Setting up of controlling area, assigning company codes
and creating standard hierarchy and creating CO version.
Profit Center Accounting and Profitability Analysis: Created dummy profit center, Creation
of profit center and document number ranges of profit center accounting, Created operating
and controlling version.
Cost Element Accounting: Cost Elements (Primary & Secondary), Cost Element Groups as
per business blue print
CostCenter Accounting: Creation of Cost center categories, Statistical key Master data,
Activity types & Periodic Allocation methods
Internal Orders: Defining order types, internal orders as per functional areas and maintaining
Settlement profile
ProfitCenter Accounting: Creation of Profit Centers, Revenue element, Assign
Profit center to CostCenter, Planning for P&L items, Balance Sheet Items