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FI-CO
GENERAL LEDGER
ACCOUNTING
with
CUSTOMIZATION
Prepared by
M.S.N.D.Prasad
Vijayawada
+91 9177648745/7207242947
msndurgaprasad@gmail.com
https://www.facebook.com/pages/Online-Tutorial-Point/302010406619928
General Ledger Accounting
What is ERP?
ERP stands for Enterprise Resources Planning. ERP system was originally used in
manufacturing company as it has a complicated business processes. Today, ERP system
has been applied in various companies, such as manufacturing, retail, oil and gas,
banking, telecommunication, and many more. ERP software system has an objective to
integrate all of the business data and process so it can be managed in most effective and
efficient way.
If organizations don’t have ERP then it has to use different types of other software.
Accounting Software
Payroll Software
Purchasing Software
Asset Accounting Software
Inventory Control Software
Sales Software
Invoicing Software
Supply chain management Software
Project management Software
Now each software has their own database and system. Mostly they are
of different system and it’s hard to synchronize among them all. So, one system’s data
cannot be used by another.
ERP software integrates all the data from all the business departments and makes
assure data synchronization in all departments. Also this data can lead to another
process in another department.
What is SAP?
What does SAP stands for in simple words, SAP is the leading Enterprise Information
and Management Package worldwide. Use of this package makes it possible to track
and manage, in real-time, sales, production, finance accounting and human resources
in an enterprise.
SAP the company was founded in Germany in 1972 by five ex-IBM engineers. In
case you’re ever asked, what is sap, SAP stands for System, Andwen dungen,
Produkte in der Datenverarbeitung which – translated to English – means Systems,
Applications, Products in Data Processing.
Purchase Dept., Store Dept., Production Dept., Accounts Dept. Will have no of
departments in organization. ERP integrate all the functions into one system.
Click Save
Click enter
Define business area (OX03)
Up to SPRO Same path
Enterprise StructureDefinitionFinancial Accounting Define business area
Select execute button
Select New entries button
Click enter
Financial Accounting
Variants
1. Fiscal Year Variant
2. Field Status Variant
3. Posting Period Variant
Fiscal year variant
Generally in an accounting year there are only 12months where as in sap
we are having 12+4 periods (12normal periods+4Special periods). The total of 16
periods we called as fiscal year in SAP.
There are three types of fiscal year
1. Calendar Year
a. Jan – Dec
2. Non Calendar year
a. Apr – Mar
b. Jul – Jun
c. Oct – Set
3. Short end fiscal year
It Rises in an Organization
a. When the company/Organization is start at the middle of the year.
b. If the company/ Organization wants to change from fiscal year to
another.
4 Special Periods
Accounts/Finance Adjustments
Tax Adjustments
Management Adjustments
Auditor Adjustments
Year Shift
Current Year we called 0
Next Year -1
Previous Year +1
msndurgaprasd@gmail.com +91 91776 48745
General Ledger Accounting
Click enter
Click enter
Click Save
Same procedure for G005 (Bank accounts), G067 (Reconciliation accounts)
Assign Company Code to Field Status Variants (OBC5)
Up to SPRO Same path
Financial Accounting Financial Accounting Global Settings Document Line Item
Controls Assign Company Code to Field Status Variants
Select execute button
Select Position button
Click enter
Click enter
Assign Country to Calculation Procedure (OBBG)
Up to SPRO Same path
Click enter
Chart of Accounts
Chart of accounts means List of Accounts. There are three types of Chart
of Accounts
1. Country Specific Chart of Accounts
2. Operative/Operational Chart of Accounts
3. Group Chart of Accounts
Country specific Chart of Accounts are optional and
Operative/Operational Chart of Accounts is compulsion
Group Chart of Accounts are used to get group reports in the company
We can create Chart of Accounts in three levels
i. Company code level
ii. Chart of accounts level
iii. Centrally level
Edit Chart of Accounts List (OB13)
Up to SPRO Same path
Financial Accounting (New) General Ledger Accounting (New) Master Data G/L
Accounts Preparations Edit Chart of Accounts List
Select Execute button
Select New entries button
Click enter
Click enter
Click on (Inactive)
Click enter
Select company click on details button
Click Enter
Select New Entries Button
Click enter
Click enter
Click enter
PARKED DOCUMENTS
These documents are used mostly to get approval from the superior officers.
Eg:
We know that there are 3 levels employee in a company and the company has
rested some limits to the employees to post a document. If the exceed that limit they
has to get approval from the superior officers for that purpose used the parked
documents.
Creation of 2 G/L Accounts FS00
Creation of Rent Account (400100)
Click enter
Click enter
Click enter
Click enter
Select all changes button
SAMPLE DOCUMENTS
These documents are used as template.
Create number range sample document (FBN1)
Up to SPRO same path
Financial Accounting (New) Financial Accounting Global Settings (New) Document
Document Number Ranges Documents in Entry View Define Document Number Ranges
for Entry View
Select Execute button
Click enter
Click enter
Click enter
If can you change text, date & amount
RECURRING DOCUMENTS
These documents are used when they are repeating transactions.
Create number range for recurring documents (FBN1)
Up to SPRO same path
Financial Accounting (New) Financial Accounting Global Settings (New) Document
Document Number Ranges Documents in Entry View Define Document Number Ranges
for Entry View
Select Execute button
Click enter
Click enter
HOLD DOCUMENTS
It is a temporary document. This is user for adjustment purpose or at the time of posting
we do not know either debit credit.
This document can be deleted there is no tracking for this document.
A. Loans to Directors
Create as hold document a once he gives money back delete the document.
B. Payment to a party –purpose of payment we don’t know
Cash balance = Account balance +/ Hold documents
Hold documents will not update records
Post a G/L document (F-02/FB01L)
Click Enter
Click Enter
Open item is used when the account needs clearing. There are three types of
Payments
i. Standard payments (Full Amount Clearing)
ii. Partial payments (Partial Amount Clearing)
iii. Residual items (Residual Item Method Clearing)
Standard Payments
G/L outgoing Payment (F-07)
AccountingFinancial AccountingGeneral Ledger Document EntryOutgoing
Payments
Click save
Residual Payments
Post a G/L document (F-02/FB01L)
Provide Rent Outstanding Amount of 20000/-
40 Rent 20000
50 O/S Exps 20000
Go & View G/L open Item (FBL3N/FAGLL03)
Accrual/Deferral documents
Define Reasons for Reversal
Upto SPRO same path
Financial Accounting General Ledger Accounting Business Transactions
Adjustment Posting/Reversal Define Reasons for Reversal
Select Execute Button
Select New Entries Button
Click enter
EXCHANGE RATES
M Average Exchange Rate
B Selling Exchange Rate
G Buying Exchange Rate
Check Exchange Rate Types OB07
Upto SPRO same path
SAP NetWeaver General Settings Currencies Check Exchange Rate Types
Select Execute button
Select New Entries Button
Post the G/L Document Using Exchange Rate when Currency is known
F-02 (USD/62)