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 Read more…
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 Read more…
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 Read more…
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 Read more…
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 Read more…
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 Read more…
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 Read more…
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. Read more…
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 Read more…
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, Read more…