The central task of G/L accounting is to provide a comprehensive picture for external accounting and accounts. Recording all business transactions (primary postings as well as settlements from internal accounting) in a software system that is fully integrated with all the other operational areas of a company ensures that the accounting data is always complete and accurate.
This document explain SAP FI configuration and as well as GL configuration in step by step manner with the help of system screenshots.
This document covers following aspects of configuration,
Company Code Configuration
Creating company code in SAP
Create Chart of accounts in SAP
Assign Company code to Chart of accounts
Define Account Group
Define Retained Earnings Account in SAP
Maintain Fiscal Year Variant
Assign Company Code to a Fiscal Year Variant
Define Posting period Variant
Define Variants for Open Posting Periods
Assign Posting period Variant to Company code
Create document number ranges for company code
Define document type and assign document number range
Enable Fiscal Year Default
Enable Default Value date
Maintain Field Status Variants
Assign Company Code to Field Status Variants
Screen variants for document entry
Define Tolerance Groups for Employees in SAP
Assign User/Tolerance Groups
Maximum Exchange Rate Difference
Check company Code settings in Global parameters
Define Additional Local currencies (Optional)
Define Additional Local currencies for Ledgers (Optional)
Define Company
Assign company code to company
General Ledger Master Data Creation
GL Auto clearing Configuration
Foreign Currency Valuation Configuration
Regrouping posting configuration
Define Financial Statement Version (FSV)
Integration with Overhead Cost Controlling
Integration with Materials Management
Integration with Sales and Distribution
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SAP Classical GL Configuration Document GL Configuration Doc
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