account | Sachin H Patil

SAP CO: Account Assignment

Posted on July 30, 2017 by shp-admin

Normally, when a financial document is entered in SAP FI module, user has the option of entering the cost center in the financial document. However, when documents are entered from different modules or a cross-module financial transaction occurs, such as from MM or SD, there is no option of entering the cost center in the document. In this situation, […]

SAP Simple Finance – Default Account Assignment

Posted on May 22, 2017 by shp-admin

You can create a default account assignment for any cost element using Transaction code OKB9. Later, you can also post a document to check if that account assignment works. Transaction code – OKB9 Step 1 − To create a new Account Assignment, click New Entries Step 2 − In the next window, you have to […]

SAP FI – Define Account Determination for Real-Time Integration

Posted on May 21, 2017 by shp-admin

In this configuration activity you have to define account determination when you have integration between CO and FI. What is usually recommended is to use single reconciliation account where you could track easily the balances. Keep in mind that this configuration is based on controlling area as the flow is from CO to FI. Transaction: OK17 […]

SAP FI – G/L Account Segments

Posted on April 21, 2017 by shp-admin

SAP chart of accounts contains a list of G/L accounts to record activities of an organisation. It is required to first define respective account groups and then define G/L account master data at the chart of accounts level. Once the G/L account is created at the chart of accounts level, it can be extended to […]

Account Maintenance with Invoicing

Posted on February 4, 2017 by shp-admin

Automatic account maintenance can be started in invoicing for the new posting document that is created when the billing documents are invoiced, and for the items of the contract account that are already posted and are still open. The clearing entries resulting from account maintenance are posted in a separate posting document (a clearing entry […]

FI Account Determination / CO Account Assignment

Posted on February 3, 2017 by shp-admin

Use A necessary prerequisite for the execution of invoicing is account determination in contract A/R & A/P. The account determination takes place dependently of: Company code Division Account determination ID Transaction The company code and division are determined from the data specified in the master record of the IS-U contract. If this concerns a posting […]

FICA : Contract Accounting – Basic Functions – Account Balance Display

Posted on November 6, 2016 by shp-admin

Account Balance Display functionality enables quick and comprehensive account information to be obtained regarding open, cleared, or statistical items. Related Transactions Transaction Code Description FPL9 Account Balance Display Customizing FICAIMG >Contract Accounts Receivable and Payable >Basic Functions >Account Balance Display FI-CA-Events (Exits – FQEVENTS) Event Short Description 1200 Acct Balance: Set Header Data 1201 Account […]

FICA : BPC-1. Account Determination

Posted on October 21, 2016 by shp-admin

This deals with the “Account Determination ID” that is used to determine the Main Transaction and Sub transaction – relevant account assignment data. It is determined from the master data of the contract account to which the business partner item is posted. It separate the set of GL’s for Receivable and Revenue Income for each […]

Tag: account