SAP FI Activities: SAP HistorySAP introductionOverview of SAP architectureIntroduction to SAP R/3 FI ModuleUser interfaceBasic Settings of FI Module Organisational StructureDefine compa… Read More

FSCM and OTC integration: SAP FICOThe SAP FSCM components Credit Management, Biller Direct, and Dispute & Collections Management, which are dealt with in this course, are represented in… Read More

The following transactions  can be used in iDoc transactions.WE02: iDoc list report ( It can be used to display and edit iDocs.)WE19: Test tool for iDoc processing (mock up)WE20: Partne… Read More

The iDoc is an example of Electronic Data Interchange (EDI). EDI is also called paperless exchange.EDI (Electronic Document interchange) - EDI is the electronic exchange of business doc… Read More

Select FI_UserManagement under Application Configuration -> SAPClick on edit button, Give a name to the custom configuration, say BDTest. Then click on Create Button. Select the… Read More

The following are the steps for BRS:Create Bank Master Data - This can be created through T.Code FI01 or you can also create the house bank through IMG/FA/Bank accounting/Bank accountDefine… Read More

To set up Electronic Bank Statements (EBS) 1. Create House Bank and Account ID (FI12) 2. Setup EDI Partner Profile for FINSTA Message Type (WE20) 3. Configure Global Settings… Read More

Charts of Depreciation are used to manage various legal requirements and valuation of assets. Charts of Accounting are country specific.It been assigned to company code.Charts of depreciatio… Read More

SAP Tax configuration: Tax configuration happens at country level in SAP.Tax configuration done at country level because all the business in the same country need to follow the same tax… Read More

In SAP FICO, Asset Accounting (FI-AA), is used for managing and supervising fixed assets. It works as a subsidiary ledger to the FI General Ledger.Asset Accounting is intended for… Read More

SAP VERTEX O-Series IntegrationWe do need tax procedures and pricing procedures for integrating SAP and Vertex.Tax procedure: We need to create a new tax procedure based on SAP country templ… Read More

1. Several tax related condition types are configured in the pricing procedure. For example, UTXJ – Tax Jurisdict.Code, JR1 – State Tax and so on. The system determine the pricin… Read More

Tax codes defined for each countries in SAP. Tax codes shows the actual rates to be used while calculating the tax on the basis of tax calculation procedure. Each country can have… Read More

Tax jurisdictions in SAP represents government authorities to which taxes are paid.Tax jurisdiction can be done at 4 levels in SAP, country, state, city and others. Tax jurisdictions need to… Read More

Assign tax procedure to country (OBBG): Tax procedure assign to the country in which the company code exists Read More

I can create G/L at  Charts of Account but not at Company Code - TrueI can create G/L account in the required Company Code without creating in Charts of Account. -FalseI can create… Read More

6 phases of Implementation SAP1)      Presales In this phase, SAP and other ERP’s try to sell their products to the clients (i.e. companies). And then company… Read More

When you block a vendor account centrally, you can prevent both posting and order processing.On the initial screen, you can specify the areas that you need to block by entering the company c… Read More

One-time vendors in SAP FICO are used for vendors with whom we rarely or only once perform business with.In contrast to other vendor master records, a one-time vendor master record is u… Read More

Account Payable (AP) is a very important sub module in SAP FICOmain parts in SAP AP is as follows:Master dataInvoice Processing / LogisticsPayment / DisbursementsAccount analysis … Read More

Asset class is an important factor in SAP asset accounting. Each asset must be assigned to only one asset class. Asset class are used to assign correct G/L account. Several asset class can u… Read More

With automatic account determination in SAP FICO, we can automatically update all the relevant transactions for the correct General ledger account.  It updates the G/L account… Read More

MM/FI: Purchase requisition à Purchase order à goods receipt à Invoice receipt/booking à payment to vendor [Red is MM while blue is FI]Purchase requisition: No jo… Read More

Depreciation key in SAP FICO asset accounting controls the following:base method (method of depreciation etc)period controls (when to start/ stop the depreciation etc)Multilevel methods… Read More

Depreciation run is periodical process. It can be run every period. So, for each year it can be run 12 times. Better do it in test run before you execute it.Company code1000Fiscal yearCurren… Read More

Fixed asset comprise of various asset types. As per balance sheet there are three classes:Intangible assetsFixed assetsFinancial assets In general we need to be more specific about asse… Read More

Here is a example of the depreciation methods and different methods:Suppose a piece have acquisition and production value of $1000, life value is 10 years and scrap value is $… Read More

Basic Steps in Configuring the Lockbox1. Maintain Control Parameters -OBAY2. Maintain Posting Data - OBAX3. Create Lockbox Addresses for House Banks - OB10 & FI12Steps in processing of t… Read More

Assets are created under a folder called asset class. Asset class are nothing but classification of assets.Asset classes are buildings, vehicles, intangible assets, assets under constru… Read More

Outbound processing:BENREP     BENEFIT1CARNOT    DELVRY01CREADV     PEXR2001, PEXR2002DEBADV     PEXR2001, PEXR2002… Read More

There are mostly three type of currencies in SAP FICOCompany code currency : Parallel Currency Group currencyIf the account currency is same as the company code currency, then… Read More

Dunning is an important field in customer/ vendor master record in SAP FICO system. It reminds customers to pay bills on time. It has 4 levels and at each level system send message to custom… Read More

from Ketan Patel Courtesy:http://www.slideshare.net/eddai Read More

In case of voiding an issued check for some reason we can do it through FCH9.It does void check but payment is not going to get reverse.We have to reprint the check via FCH7. It allows to vo… Read More

Checks can be printed wrong, ripped during printing etc. So it need to get void. in SAP FICO system, we can void check through, FCH3. Give the check number you want to void (must be unu… Read More

In FBL1n, if we can see we can not find any check information. What if we want to pay via check ? We have to pass it as cash and then assign it to a check.For example, we want to assign a ch… Read More

FCHI is the t code to create check lots for given house banks in SAP FICO system.Here we give company codes, house bank  (its the bank through which we want to pay) and account ID (for… Read More

In SAP FICO system, we have many vendors. It is not possible to check for each and every vendors and check for invoice due to clearing . So SAP system provides automatic clearing in which if… Read More

In SAP FICO system, we select special G/L indicator. It will select different G/L account for special G/L.To display dows payment line item, we go in the same T code FBL1n and sele… Read More

Line items need to get cleared once it gets posted. For example, if we pay to any vendor through F-53 in SAP FICO system, it stays uncleared. In SAP we can clear it via three ways.Manual cle… Read More

In SAP FICO, F-53 kept the line items open even if it got paid. How to clear them? Through F-44.Here give the vendor account number whom we want to clear line items. Process open i… Read More

In SAP system, Incoming screen is almost same as outgoing payment.Here we gives bank account through which we receive payment, Customer number and customer account D.All other concepts are s… Read More

Outgoing payment have following categories:Partial PaymentResidual PaymentCharge of the difference/ Adjustment postingClearing line itemsDiscount adjustment Read More

Charge of the difference in SAP FICO, used to pay partially when we are not going to pay the rest.For example, we want to pay $3700 for $4000 line item invoice. We are not paying $300 as we… Read More

In the case of Partial payment, SAP system will keep all the partial payments and the invoices as OPEN- however they are linked through a field called "Invoice Reference". By sorting on… Read More

IntroductionThe SAP CO (Controlling) Module provides supporting information to Management for the purpose of planning, reporting, as well as monitoring the operations of their business. Mana… Read More

Introduction: General Ledger (GL)The paper gives the complete configuration required to create GL-account in SAP-FI, Right from the definition of Company to creation of GL-account in the com… Read More

Check configuration Transaction codes: SAP FICOFCH1: Display check informationFCH2: Display for payment documentFCH3: void checksFCH5: Create manual checksFCH7: Reprint checksFCH8: reverse c… Read More

Automatic Payment Program(APP) is most important in SAP Account Payable (AP).Here are steps for APP configuration in t code FBZP.Setup payment method per countrySetup payment metho… Read More