A Universal Journal entry consists of a header and respective items and in some scenarios it is possible to have item entries without a header value. Universal Journal is a one-line item table with full detail for all the components. No reconciliation is required and data is stored only once.
- Header Table – BKPF
- Respective Item Table – ACDOCA
- Respective item table ACDOCA consists of all the fields required for General Ledger, Asset Accounting, and Material Ledger, etc.
- Universal Journal contains 6-digit line item numbering
- Universal Journal contains 23-digit currency fields
For each business transaction in one of the application components, a journal entry is created −
- General Ledger Accounting
- Asset Accounting
- Material Ledger
- Profitability Analysis
The Journal Entry removes the separation between Financial Accounting and Controlling hence there is no need for any reconciliation between FI and CO, or between FI – General Ledger and FI – Asset Accounting.
Following are the details of the technical component of Simple Finance −
|Country Dependency||Valid for all countries|
|Software Component Version||SAP_FIN 720|
|Application Component||Financial Accounting (FI) Controlling (CO) Accounting General (AC)|
As mentioned above, a universal journal entry maintains 23-digit currency fields which brings the currency concept for FI and CO.
For each journal entry, there is a ledger maintained in which the business transaction is posted. You can also enhance the journal entry by extending the coding block and adding CO-PA characteristics.
All Universal Journal entries are written to a new table – ACDOCA and no entries are made to the old tables. However, you can continue to use reports that use data from the old tables.
Navigate to SAP Easy Access → Accounting → Controlling → Profitability Analysis → Planning → Integrated Planning → Transfer Plan Values to FI-GL (New).
Navigate to SAP Easy Access → Accounting → Controlling → Profitability Analysis → Planning → Tools → HANA Integration.