SAP S/4HANA Financial Accounting Configuration: Learn Configuration and Development on an S/4 System, 2nd Edition
Upgrade your knowledge to learn S/4HANA, the latest version of the SAP ERP system, with its built-in intelligent technologies, including AI, machine learning, and advanced analytics.
Since the first edition of this book published as SAP ERP Financial and Controlling: Configuration and Use Management, the perspective has changed significantly as S/4HANA now comes with new features, such as FIORI (new GUI), which focuses on flexible app style development and interactivity with mobile phones. It also has a universal journal, which helps in data integration in a single location, such as centralized processing, and is faster than ECC S/3. It merges FI & CO efficiently, which enables document posting in the Controlling area setup. General Ledger Accounts (FI) and Cost Element (CO) are mapped together in a way that cost elements (both primary and secondary) are part of G/L accounts. And a mandatory setup of customer-vendor integration with business partners is included vs the earlier ECC creation with separate vendor master and customer master.
This updated edition presents new features in SAP S/4HANA, with in-depth coverage of the FI syllabus in SAP S/4HANA. A practical and hands-on approach includes scenarios with real-life examples and practical illustrations. There is no unnecessary jargon in this configuration and end-user manual.
What You Will Learn
- Configure SAP FI as a pro in S/4
- Master core aspects of Financial Accounting and Controlling
- Integrate SAP Financial with other SAP modules
- Gain a thorough hands-on experience with IMG (Implementation Guide)
- Understand and explain the functionalities of SAP FI
Who This Book Is For
FI consultants, trainers, developers, accountants, and SAP FI support organizations will find the book an excellent reference guide. Beginners without prior FI configuration experience will find the step-by-step illustrations to be practical and great hands-on experience.
Table of Contents About the Author About the Technical Reviewer Acknowledgments Introduction Chapter 1: Customizing Financial Accounting Enterprise Structure in SAP S/4HANA Let’s look at the steps involved in this Customizing Define Company Define a Company Code Assign Company Code to Company Fiscal Year Variant Year-Specific or Year dependent Maintain Fiscal Year Variant Assign Fiscal Year Variant to Company Code Defining Posting Periods Define Variants for Open Posting Periods Assign Variants to Company Code Open and Close Periods Summary Chapter 2: Defining Chart of Accounts Master Data Defining Chart of Accounts Creating Chart of Accounts Assign Company Code to Chart of Accounts Define Account Group Define Retained Earnings Account Summary Chapter 3: Document Control Document Control Document type Posting Key Definition of Number Range Intervals Defining Document Number Ranges using Copy Subobject Function How to Delete Number Range Intervals Creating your number range intervals from scratch Copy Another Company Code to your Company Code Copying Number Ranges to Fiscal Year Field Status Variants Define Field Status Variants Assign Company Code to Field Status Variants Summary Chapter 4: Defining Tolerance Groups for G/L Accounts and Employees Tolerance Groups Define Tolerance Groups for G/L Accounts Default Tolerance Group: Define Tolerance Groups for Employees Define Default Tolerance Groups for Employees Define Tolerance Groups for Employees Assign Users to Tolerance Groups Summary Chapter 5: Creating a General Ledger (G/L) General Ledger GL Reconciliation What is a Master Record? Creating G/L Account Master Records Creating a G/L Account – Office stationery supplies Creating G/L Account With Template Summary Chapter 6: Clearing Open Items Objective Clearing Open Items Automatic Clearing Customizing Create Accounts for Clearing differences Define a Maximum Exchange Rate Difference Check Company Code Setting Foreign Currency Valuation Exchange Rate Types Define Valuation Methods Prepare Automatic Postings for Foreign Currency Valuation Interest Costs Using Exchange Rate key (KDB) Exchange Rate Difference for Open Items/GL Accounts Exchange Rate Differences for Open Items – Account Payable Summary Chapter 7: Maintaining Currency Types and Currency Pairs Currencies Exchange Rate types: Define Standard Quotation for exchange Rates Enter Prefixes for Direct/Indirect Quotation Exchange Rates Define Translation Ratios for Currency Translation Update the following fields Enter Exchange Rates Summary Chapter 8: GR/IR Clearing Objective GR/IR Clearing Invoiced But Not Yet Delivered Delivered but not yet invoiced Summary Chapter 9: Bank Introduction Defining House Bank Define Bank Account for your House Bank Bank Statement Electronic Bank Statement Electronic Bank Statement Defining Global Settings for Electronic Bank Statement Creating Account symbols Assigning Accounts to account symbols Creating Keys for Posting Rules Defining Posting Rules Create Transaction Type Assign External Transaction Types to Posting Rules Assign Bank Accounts to Transaction types Manual Bank Statement Create and Assign Business Transactions Define Variants for Manual Bank Statement Check Deposit Define Posting Keys and Posting Rules for Check Deposit Creating Account symbols for Check Deposit Assigning Accounts to account symbols Creating Keys for Posting Rules Defining Posting Rules Create and Assign Business Transactions Define Variants for Check Deposit Summary Chapter 10: Tax on Sales / Purchases Sales and Purchases Tax Basic Settings Check Calculation Procedure Define Tax Codes for Sales Define Tax Account for Output/Sales Define Tax Codes for Input/Purchases Define Tax Account for Output/Sales Assign Taxable Codes for Non-Taxable Transactions Summary Chapter 11: Cash Journal Objective Introduction Create G/L Account for Cash Journal Specify the Amount Limit for a Cash Journal Define Number Range Intervals for Cash Journal Documents Set Up Cash Journal Maintain Business Transactions Set up Print Parameters for Cash Journal. Summary Chapter 12: Financial Statement Versions (FSV) Objective Financial Statement Versions Define Financial Statement Versions Step 1: Create Items Step 2: Assign Items to your FSV as Subordinates Change Nodes Texts Creating Subordinates for Liabilities and Equity Completing the Nodes for your FSV Step 3: Assign FSV Nodes to G/L Accounts Step 4: Define the Credit/Debit Shift Check Assigned G/L Accounts to FSV Summary Chapter 13: Integration of FI with other SAP S4 HANA modules Integrate FI with Other SAP Modules Material Management (MM) Configuring Automatic Postings Offsetting Entry for Inventory Posting Integration with Sales & Distribution (SD). Prepare Revenue Account Determination Summary Chapter 14: Accounts Receivable and Accounts Payable Accounts Payable and Accounts Receivable Customer Accounts What is Customer Account Group? The importance of Account Group Defining Accounts Groups with Screen Layout (Customer) Maintaining the Filed Status Group for General Data of the Customer Account Group Enter Accounting Clerk Identification Code for Customers Creating Number Ranges for Customer Account Groups Assigning Number Ranges to Customer Account Groups Vendor Accounts What is Vendor Account Group? The importance of Vendor Account Group Defining Account Groups with Screen Layout (Vendors) Maintaining the Filed Status Group for General Data of the Vendor Account Group Enter Accounting Clerk Identification Code for Vendors Creating Number Ranges for Vendor Account Groups Assigning Number Ranges to Vendor Account Groups Terms of Payment Cash Discounts Maintaining Terms of Payment (Customer) Installment Plan Maintaining Terms of Payment for an Installment Plan Defining the Payment Terms for Instalment Payments Defining Cash Discount Base for Incoming Invoices Incoming Invoices Credit Memos /Credit Memos – Enjoy Enjoy Transaction Defining Document Types for Enjoy Transaction Defining Tax Code per Transaction Cash Discount Cash Discount Granted Defining Accounts for Cash Discount Granted. Define Account for Cash Discount Taken Defining Account for Overpayments/Underpayments Defining Accounts for Bank Charges (Vendor) Defining Payment Block Reasons Manual Outgoing Payments Defining Tolerances for Vendors Defining Reason Codes (Manual Outgoing Payments) Defining Accounts for Payment Differences (Manual Outgoing Payments) Automatic Outgoing Payments All Company Codes Paying Company Codes Payment Methods per Company Codes Bank Determination for Payment Transactions Ranking Order Bank Accounts Available Amounts Sort Methods and Adjustment Accounts for Regrouping Receivables/Payables Define Sort Methods Period Interval for Receivables Define Adjustment Accounts for Receivables/Payables by Maturity Receivable Due Within One-Year Receivables Due After One Year Adjustment Posting/Reversal Permit Negative Postings Define Reasons for Reversal Summary Chapter 15: Defining the Dunning Procedure Dunning Dunning procedure Basic Settings for Dunning Define Dunning Procedures Defining Dunning Levels Maintaining Charges Maintaining Minimum Amounts Dunning texts Special GL Indicator Assigning Dunning Procedure to Customer Master Data Summary Chapter 16: Special GL Transactions Objective Special G/L Transactions Special GL - General Ledger types 1. Automatic Offsetting Entry 2. Noted Items 3. Free Offsetting Entry Configuration of Special GL Transactions. Down Payments Introduction Down Payment Received Reconciliation Accounts for Customer Down Payments Down Payment Requests (Customer) Defining Reconciliation Accounts for Customer Down Payments Request Defining Account for Tax Clearing (Down payments Customer) Down Payment Made Reconciliation Accounts for Vendor Down Payments Down Payment Request for Vendors Defining Account for Tax Clearing (Down payments – Vendor) Guarantees Defining Alternative Reconciliation Accounts for Vendors (Guarantees) Defining Accounts for Automatic Offsetting Entry Summary Chapter 17: Ledgers Defining Accounting Principles Defining Ledger Group Assigning Accounting Principle to Ledger Groups Defining Ledger Settings for Ledgers and Currency Types Update the following field: Define Settings for Ledgers and Currency Types Summary Appendix A: Some Useful Transaction Codes Index
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