How to park document in sap general ledger accounting

Parking a document is a concept where business transactions are entered and kept for posting at a later point of time. There can be many reasons where you need to park a document in your organisation. Followings are some of those reasons where you have to park a document in sap; While entering a transaction … Read More » "How to park document in sap general ledger accounting"

How to regroup your receivables and payables

You can regroup your receivable/payable through following path; SPRO > Financial Accounting > Accounts Receivable and Accounts Payable > Business Transactions > Closing > Regroup > Define sort method and adjustment accounts for regrouping receivables/payables Through this configuration your regroup the credit balance in accounts receivable and debit balance in accounts payable. In the overview … Read More » "How to regroup your receivables and payables"

How to create Financial Statement Version (FSV) in SAP

Financial statement version (fsv) is created to create balance sheet and profit and loss statement. You group your general ledger accounts under a fsv to get your desired balance sheet and profit and loss account. In SAP you can create different type of financial statement version as per your requirement. You can create it either … Read More » "How to create Financial Statement Version (FSV) in SAP"

How to set up automatic payment program in SAP FI -FBZP

Automatic payment program calculates which line items are due for payment and then process the payment based on various method defined in your automatic payment program configuration. followings are the steps in creation of automatic payment program (fbzp) Automatic Payment Program is configured with following steps; Setting up all company codes for payment transactions You … Read More » "How to set up automatic payment program in SAP FI -FBZP"

How to define reconciliation account for customer down payment

You can configure this through transaction code OBXR or by following path; SPRO > Financial Accounting > Accounts Receivable and Accounts Payable > Business Transactions > Down Payment Received > Define reconciliation account for customer down payment If you configure this then down payment will automatically be made to this account instead to the reconciliation … Read More » "How to define reconciliation account for customer down payment"

How to define Vendor or Customer tolerance group in SAP FI

You can define vendor/customer tolerance group with transaction code OBA3 or through following path; SPRO > Financial Accounting > Accounts Receivable and Accounts Payable > Business Transactions > Outgoing Payment > Manual Outgoing Payments > Define Tolerance Group (Vendors) Tolerance group settings for vendor are used when there is a difference in payment or during … Read More » "How to define Vendor or Customer tolerance group in SAP FI"

How to define accounts for exchange rate differences

You can define your general ledger account as a exchange rate difference account through transaction code OB09 or by following the path; SPRO > Financial Accounting > Accounts Receivable and Accounts Payable > Business Transactions > Outgoing Payments > Outgoing Payments Global Settings > Define Accounts for Exchange Rate Differences Before defining the account as … Read More » "How to define accounts for exchange rate differences"

How to define accounts for rounding differences and bank charges in SAP FI

You can define a general ledger account for rounding differences through transaction cod OB00 or by using the following path; SPRO > Financial Accounting > Accounts Receivable and Accounts Payable > Business Transactions > Outgoing Payments > Outgoing Payments Global Settings > Define Account for Rounding Differences You need to create your general ledger account … Read More » "How to define accounts for rounding differences and bank charges in SAP FI"

How to define payment block reason in SAP – OB27 and OBBC

You can define a payment block reason with transaction code OB27 or by using path; SPRO > Financial Accounting > Accounts Receivable and Accounts Payable > Business Transactions > Outgoing Payments Global Settings > Payment Block Reasons > Define Payment Block Reasons Payment block reason is used to differentiate the invoices which are blocked for … Read More » "How to define payment block reason in SAP – OB27 and OBBC"