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"
You assign the sort key to a general ledger master in company code segment related to a particular company code. When you assign this sort key, the assignment field of a line item is automatically filled in based on the selection of sort key. If you select the sort key as posting date then the … Read More » "What is the use of Sort Key in General Ledger Master – Company Code Segment"
Line item display field in SAP FI is a control field in the company code segment of a general ledger account master. When you set “Line Item Display” field in a company code segment of a general ledger master, all the posted transactions are stored in a special index table of SAP which carries additional … Read More » "Line Item Display and the purpose of setting this indicator in GL A/C master"
If you have more than one company code and all the company codes are using different operating chart of accounts (COA) then cross company code controlling will not be possible by using controlling area. To avoid this problem one can use group COA. A group COA is used for consolidation purpose when more than one … Read More » "Group Chart of Account and Country Chart of Account in SAP FI"
If you want a transaction to be recorded in a general ledger account then both the segments of a general ledger master i.e. chart of accounts segment and company code specific segment needs to be defined. You can not do transaction posting to a general ledger a/c if company code segment of that particular GL … Read More » "Use Of Account Group In A Chart Of Account – SAP FI"
The chart of account is a variant which contains the structure and the basic information about your general ledger A/cs. Each company code or CC defined in SAP system has to be assigned with an operating chart of accounts (COA) by which posting occur for that company code. COA is a list of all the … Read More » "Use of Chart of Account in SAP FI Module"
Tolerance group in sap is defined to make sure that the employees do not exceed their authority while entering any financial transactions. Tolerance Group is created by some configuration as a result the limit is restricted to a specific point beyond which transaction can not be carried out. While defining Tolerance group for employees, we … Read More » "Tolerance group for employees in SAP"
Company code global setting is a place where you can assign various fields to your company code or you can see what things assigned to your company code. If you are a not finance person and wanted to see the setting specific to a company code then this is the place for you. Path for … Read More » "OBY6 – How to maintain Company Code Global Settings in one T Code"
While creating a chart of account in SAP you need to pay attention to all the five fields in the screen. Creation of COA path:- SPRO > Financial Accounting > General Ledger Accounting > Master Data > Preparations > Edit Chart of Accounts List T Code: OB13 Fields used for creating COAs in SAP; Maintain Language … Read More » "5 fields of SAP Chart of Accounts explained"
General Ledger A/c group structure of a chart of account is to be drawn out and agreed upon by the business owners before creating it in SAP FI Module. You and the person from client site must decide together while drafting your chart of accounts and specific consideration should be given by differentiating FI module … Read More » "GL Account group creation in sap chart of account"