Financial Accounting in SAP ERP: Business User Guide

Get the SAP FI expertise you need! This guide for business users shows you how to run Financial Accounting in SAP ERP. Walk through key FI processes in the general ledger, AP, AR, asset accounting, and more using step-by-step instructions, transaction codes, and screenshots. Then learn how to troubleshoot common system errors. Finally, find out what the future transition to SAP S/4HANA will mean for business users. Up to date for EHP 8!

Highlights include:
1) Master data
2) General ledger
3) Accounts payable
4) Accounts receivable
5) Automated payments
6) Asset accounting
7) Banking
8) Financial close
9) Integration
10) Account inquiry

List of contents

1 ... Introduction to Financial Accounting ... 17

1.1 ... Defining the Organizational Structure ... 18

1.2 ... Assigning Organizational Structures ... 28

1.3 ... Making Cross-Modular Assignments ... 33

1.4 ... Summary ... 40

2 ... Financial Accounting Master Data ... 41

2.1 ... General Ledger Accounts ... 42

2.2 ... Vendor Accounts ... 49

2.3 ... Customer Accounts ... 56

2.4 ... Fixed Assets ... 62

2.5 ... Banks ... 65

2.6 ... Business Partners ... 66

2.7 ... Summary ... 72

3 ... General Ledger Transactions ... 75

3.1 ... Journal Vouchers ... 76

3.2 ... Post with Clearing ... 115

3.3 ... Resetting and Reversing Documents ... 120

3.4 ... Changing and Displaying Documents ... 129

3.5 ... Document Relationship Browser ... 135

3.6 ... Reference Documents ... 137

3.7 ... Summary ... 149

4 ... General Ledger Account Inquiries ... 151

4.1 ... Account Displays ... 151

4.2 ... Reports and Queries ... 158

4.3 ... Summary ... 166

5 ... Accounts Payable Processes ... 169

5.1 ... Logistics ... 170

5.2 ... Create Direct Invoices ... 177

5.3 ... Issue Outgoing Payments ... 178

5.4 ... Process Exceptions ... 181

5.5 ... Summary ... 185

6 ... Accounts Payable Transactions ... 187

6.1 ... Vendor Invoices ... 188

6.2 ... Credit Memos ... 229

6.3 ... Down Payments Sent ... 233

6.4 ... Resetting and Reversing Documents ... 236

6.5 ... Changing and Displaying Documents ... 244

6.6 ... Issuing Outgoing Payments ... 250

6.7 ... Summary ... 254

7 ... Automated Payment Program ... 257

7.1 ... Automated Payment Program Process ... 258

7.2 ... Additional Settings ... 267

7.3 ... Automatic Payment Run Inquiries ... 278

7.4 ... Summary ... 281

8 ... Accounts Payable Account Inquiries ... 283

8.1 ... Vendor Account Displays ... 284

8.2 ... Due Date Analysis ... 290

8.3 ... Payment History ... 291

8.4 ... Check Register ... 294

8.5 ... Reports and Queries ... 300

8.6 ... Summary ... 310

9 ... Accounts Receivable Processes ... 313

9.1 ... Logistics ... 314

9.2 ... Direct Invoices ... 321

9.3 ... Customer Account Maintenance and Incoming Payments ... 322

9.4 ... Process Exceptions ... 324

9.5 ... Summary ... 328

10 ... Accounts Receivable Transactions ... 331

10.1 ... Customer Invoices ... 332

10.2 ... Credit Memos ... 369

10.3 ... Down Payments Received ... 374

10.4 ... Resetting and Reversing Documents ... 377

10.5 ... Changing and Displaying Documents ... 386

10.6 ... Process Incoming Payments ... 392

10.7 ... Dunning ... 395

10.8 ... Credit Management ... 398

10.9 ... Summary ... 399

11 ... Accounts Receivable Account Inquiries ... 401

11.1 ... Customer Account Displays ... 402

11.2 ... Customer Analysis ... 408

11.3 ... Reports and Queries ... 415

11.4 ... Summary ... 426

12 ... Fixed Asset Processes ... 427

12.1 ... Fixed Asset Lifecycle ... 428

12.2 ... Asset Acquisition ... 435

12.3 ... Summary ... 441

13 ... Fixed Asset Transactions ... 443

13.1 ... Creating an Asset ... 443

13.2 ... Changing, Displaying, and Locking ... 452

13.3 ... Navigating the Asset Explorer ... 460

13.4 ... Transfers ... 464

13.5 ... Retirement ... 468

13.6 ... Value Adjustments ... 468

13.7 ... Depreciation ... 469

13.8 ... Summary ... 474

14 ... Fixed Asset Posting Logic ... 475

14.1 ... General Ledger Accounts ... 476

14.2 ... Asset Classes ... 478

14.3 ... Account Determinations ... 481

14.4 ... Reports and Tools ... 486

14.5 ... Summary ... 492

15 ... Bank Master Data and Processes ... 493

15.1 ... Bank Master Data ... 493

15.2 ... Structuring Bank Accounts in the General Ledger ... 502

15.3 ... Bank Reconciliation ... 507

15.4 ... Postprocessing of Electronic Bank Statements ... 513

15.5 ... Summary ... 519

16 ... Financial Close Processes ... 521

16.1 ... Opening and Closing Financial Periods ... 522

16.2 ... Balance Carryforward ... 524

16.3 ... Fixed Assets ... 528

16.4 ... Periodic Processing ... 531

16.5 ... Foreign Currency Valuations ... 537

16.6 ... Goods Receipt/Invoice Receipt Clearing ... 538

16.7 ... Depreciation ... 542

16.8 ... Summary ... 543

17 ... Integrated Financial Close in SAP ERP ... 545

17.1 ... Integrated Financial Close and Cost Accounting ... 546

17.2 ... Integrated Financial Close and Materials Management ... 553

17.3 ... Integrated Financial Close and Sales and Distribution ... 559

17.4 ... Summary ... 560

18 ... Understanding the Impact of SAP S/4HANA ... 563

18.1 ... Architectural Changes ... 564

18.2 ... Financial Accounting Simplifications ... 566

18.3 ... Change in Material Number Length ... 574

18.4 ... Embedded Analytics ... 575

18.5 ... SAP Fiori ... 577

18.6 ... Further Reference Materials for SAP S/4HANA Simplifications ... 584

18.7 ... Summary ... 589

... Appendices ... 591

A ... The New General Ledger ... 593

B ... Important Tables in Financial Accounting ... 611

C ... The Author ... 617

... Index ... 619

About the author

David Burns has more than 25 years of experience in leadership positions as a principal solution architect, finance and budgeting consultant, author, and project manager. He regularly consults with leading public and private enterprises on the implementation and support of SAP and other enterprise applications. He advises on infrastructure and application selection, and provides expertise in finance, accounting, project and program management, and strategic planning.
David has been a contributing writer to SAP Experts, an ASUG presenter, and was featured in the 2015 Q1 edition of insiderPROFILES magazine.

Summary

Get the SAP FI expertise you need! This guide for business users shows you how to run Financial Accounting in SAP ERP. Walk through key FI processes in the general ledger, AP, AR, asset accounting, and more using step-by-step instructions, transaction codes, and screenshots. Then learn how to troubleshoot common system errors. Finally, find out what the future transition to SAP S/4HANA will mean for business users. Up to date for EHP 8!

Highlights include:
1) Master data
2) General ledger
3) Accounts payable
4) Accounts receivable
5) Automated payments
6) Asset accounting
7) Banking
8) Financial close
9) Integration
10) Account inquiry

Product details

• Authors: David Burns
• Publisher: Rheinwerk Verlag
• Languages: English
• Product format: Hardback
• Released: 25.05.2018
• EAN: 9781493216789
• ISBN: 978-1-4932-1678-9
• No. of pages: 628
• Dimensions: 184 mm x 235 mm x 43 mm
• Weight: 1296 g
• Series: SAP PRESS; SAP PRESS Englisch; SAP Press; SAP PRESS Englisch
• Subjects: Natural sciences, medicine, IT, technology > IT, data processing > Data communication, networks; ASUG Financial Communities SIG, SAP ERP Financials, SAP FI, General Ledger, ASUG CM SIG, BUGuides