simple | Sachin H Patil

SAP Simple Finance – Integrated Business Planning for Finance (IBPF)

Posted on May 22, 2017May 27, 2017 by shp-admin

Integrated Business Planning for Finance (IBPF) function in Simple Finance allows to perform financial planning to integrate with SAP ERP user interfaces, workflows, and replace the existing features in SAP ERP system. You can remove the limitations during planning in SAP GUI. Benefits of Using IBPF Advantage of HANA views that support direct real-time access […]

SAP Simple Finance – Integrations

Posted on May 22, 2017 by shp-admin

You can also integrate Simple Finance Integration with Cash Management, Cash Operations, Bank Account Management, and Liquidity Management. SAP Cash Management powered by SAP HANA provides various benefits − Bank Account Management Following features are available under Bank Account Management − Centralized Bank Account Management Lifecycle Management for Bank Accounts Master Data Fully Charged by […]

SAP Simple Finance – Period Closing Program

Posted on May 22, 2017 by shp-admin

Use Transaction code FAGL_EHP4_T001B_COFI or navigate as mentioned in Period Lock under FI. Enter Pstng period variant and click the Continue button. You can assign a separate posting period variant to a ledger/company code combination. You can also control the opening and the closing of a period by ledger in this way. CO Transaction for […]

SAP Simple Finance – Period Lock Transaction

Posted on May 22, 2017 by shp-admin

In SAP Accounting CO relevant postings do not check only the CO Period Lock as in the past but the GL period opening/closing as well. Therefore, you have to allow postings to accounts from account type secondary Costs in the GL period opening/closing. In Controlling, it is possible to define which transactions you want to […]

SAP Simple Finance – Profitability Analysis

Posted on May 22, 2017 by shp-admin

With the use of Profitability Analysis, it provides the organizations with profitability related information on the performance of its sales channels. Profitability Analysis is used to support decision making, and planning for sales and marketing in an organization. Organizations can define their planning strategy based on the profitability analysis. Following are the key points about […]

SAP Simple Finance – Management Accounting

Posted on May 22, 2017 by shp-admin

In Simple Finance, Management accounting deals with Controlling and Enterprise Controlling modules. Financial Accounting deals with G/L Account Master – Chart of Account, Company Code; however, Management Accounting includes Cost Elements under Controlling Area. Following figure brings out the different between Management Accounting and Financial Accounting. Technical Changes with SAP Simple Finance Actual data of […]

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 Simple Finance – Asset Scrapping

Posted on May 22, 2017 by shp-admin

In SAP Asset Accounting, it is required to remove an asset partially or completely from asset portfolio. This is called asset retirement or asset scrapping. There are following types of retirement − When you sell an asset, it results in revenue being earned. The sale is posted with a customer. When an asset is sold, […]

SAP Simple Finance – Create an Asset

Posted on May 22, 2017 by shp-admin

In SAP Simple Finance, you can create a new asset under Asset Accounting. An asset in accounting is known as any tangible/intangible resource that can add a value and can be included in the financial statement. Step 1 − To create a new asset, navigate to Accounting → Financial Accounting → Fixed Assets → Asset […]

SAP Simple Finance – Asset Accounting

Posted on May 22, 2017 by shp-admin

Asset Accounting in Simple Finance is used for monitoring of assets in SAP system. In SAP Accounting powered by HANA system, you have only new asset accounting available with new G/L accounting. As SAP Finance system is integrated with other modules, you can move data to and from other systems, i.e. you can transfer data […]

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