Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    From $11.99/month after trial. Cancel anytime.

    Learn SAP FICO in 24 Hours
    Learn SAP FICO in 24 Hours
    Learn SAP FICO in 24 Hours
    Ebook317 pages51 minutes

    Learn SAP FICO in 24 Hours

    By Nordeen Alex

    5/5

    ()

    Read preview

    About this ebook

    Real-time financial information helps the organization to take important decisions. SAP FICO is a complete financial management ERP solution that integrates the accounting side of business. Most SAP consultants find difficult how and what part of the business process they should bring under SAP FICO. This e-book can actually act as a demo for them, where they will learn to integrate the important business module into SAP FICO.


    This e-book is intentionally prepared small to keep it simple and straight to the point. The book did not miss on any of the SAP FICO topics like Accounts Payable, Accounts Receivables, Bank Accounting, General Ledger, Asset Accounting, and so on. The book has given a practical example and explained them step by step. The example teaches you each SAP FICO module in detail including how their transaction code works.


    Not only SAP consultant but any beginners will be benefited with this book. Where company demands experienced SAP consultant to handle their finance, this book could be a first handon experience for SAP aspirant. This e-book has also given a referral to some basic accounting concept and terminologies to help beginners.


    Where online training or courses charges you the hefty amount for teaching you the same, and no guaranteed returns. This book can help you to reduce that cost. This e-book is an ultimate guide to learn SAP FICO.


    Table Content


    Chapter 1: Organizational Structure


    Create Financial Statement Version


    How to perform a Journal Entry Posting


    Chapter 2: General Ledger


    Fiscal Year Variant


    Assign Company Code To Fiscal Year Variant


    Define Posting Period Variant


    Opening And Closing Posting Periods


    Define Field Status Variant And Field Status Group


    Assign Field Status Variant To Company Code


    Document Type And Number Ranges


    Post With Reference


    Hold Document


    Park Document


    Chapter 3: Accounts Receivable


    Create a Customer Master Data


    Change Customer Documents


    How to Display Changes in Customer Master


    How to Block or Delete a Customer


    Create Customer Account Group


    One Time Customer


    How to post a Sales Invoice


    Document Reversal


    Sales Returns – Credit Memo


    How to Post Incoming Payment


    How to post a Foreign Currency Invoice


    Incoming Partial Payments By Residual Method


    Incoming Partial Payments By Partial Payment Method


    How to Reset AR Cleared Items


    Credit Control for the Customer


    Chapter 4: Accounts Payable


    How to Create a Vendor


    How to Create a Vendor Account Group


    How to Display Changes in Vendor Master


    How to Block or Delete a Vendor


    Create Vendor Master Data


    One Time Vendor


    Purchase Invoice Posting


    Purchases Returns – Credit Memo


    Outgoing Payments


    Foreign Currency Vendor Invoice


    How to Post Withholding Tax During Vendor Invoice Posting


    How to Post Withholding Tax During Payment Posting


    Outgoing Partial Payments By Residual Method


    Outgoing Partial Payments By Partial Payment Method


    Reset AP Cleared Items


    Automatic Payment Run


    How to Map Symbolic Account to G/L Account


    Posting Rounding Differences


    Chapter 5: Important Stuff


    Important Reports in SAP FI


    Month End Closing – Foreign Currency Revaluation


    How to Maintain Exchange Rates


    Accounts Receivable and A

    LanguageEnglish
    PublisherPublishdrive
    Release dateOct 31, 2021
    Learn SAP FICO in 24 Hours

    Related to Learn SAP FICO in 24 Hours

    Related ebooks

    Accounting & Bookkeeping For You

    View More
    View More

    Related podcast episodes

    Related articles

    • UNLIMITED

      HOW TO… Export Your Financial Data From Microsoft Money

      Nov 18, 2020

      What you need: Microsoft Money Time required: 60 minutes (or longer if you have multiple accounts) For years, Microsoft Money (pictured right) was the world’s best personal finance software. It had an attractive interface, was easy to use, and had lo

      7 min read

    • UNLIMITED

      Preparing Your Practice For Eofy

      Jun 27, 2021

      Preparing Your Practice For Eofy
      5 min read

    • UNLIMITED

      MONEY & BANKING

      Aug 8, 2019

      MONEY & BANKING
      3 min read

    • UNLIMITED

      Smooth Landings

      Jan 20, 2022

      Smooth Landings
      3 min read

    • UNLIMITED

      MYOB Essentials

      Jul 13, 2020

      MYOB Essentials
      2 min read

    • UNLIMITED

      Want a Bigger Tax Refund Next Year? Check Your Withholding!

      May 24, 2019

      We always advise our readers to keep tax refunds to a minimum to avoid giving Uncle Sam what amounts to an interest-free loan all year long. But we also acknowledge that some people still like big refunds and see them as a kind of forced savings acco

      1 min read

    • UNLIMITED

      Income Tax

      Dec 17, 2022

      Income Tax
      2 min read

    • UNLIMITED

      This Is The End Of The Financial Year

      Jun 6, 2018

      This Is The End Of The Financial Year
      4 min read

    • UNLIMITED

      Start Off Your New Year with a Business Check-Up

      Dec 29, 2022

      The beginning of a new year is a great time to give your business its annual “Check Up.” With a simple overview of key business areas, you will set your business up for greater success in the new year. Here are several areas to start with: Financial

      2 min read

    • UNLIMITED

      Start Off Your New Year with a Business Check-Up

      Dec 29, 2022

      The beginning of a new year is a great time to give your business its annual “Check Up.” With a simple overview of key business areas, you will set your business up for greater success in the new year. Here are several areas to start with: Financial

      2 min read

    • UNLIMITED

      5 Ways To Make A Side Hustle Work

      May 8, 2020

      NEVER mind just having one job. These days many people have two or three as they work in their free time to earn extra cash. In a poll conducted last year by the Henley Business School in Johannesburg, 27% of respondents revealed they had a side hust

      3 min read

    • UNLIMITED

      Build Your Money Machine

      Nov 12, 2024

      Build Your Money Machine
      9 min read

    • UNLIMITED

      The Tax-year To-do List

      Apr 2, 2021

      The Tax-year To-do List
      2 min read

    • UNLIMITED

      Here's How I Size Up a Stock

      Jun 7, 2018

      One of the challenges of writing a monthly column is knowing when to revisit a topic I've covered before. Kiplinger's readers made that decision easier this month after more than a dozen of you wrote to tell me you were confused about my favorite for

      2 min read

    • UNLIMITED

      There's a Way to Serve Your Business and Save on Taxes If You Think Big

      Dec 14, 2018

      It's the year-end tax-savings rush, which means there's a lot of advice floating around about how businesses can best take advantage of the Tax Cuts and Jobs Act signed into law last December. It famously cut the corporate tax rate to a mere 21%, alo

      3 min read

    • UNLIMITED

      Read Annual Reports

      Jun 25, 2021

      No matter how good a stock’s story sounds , always go through the financial statements properly. Many people spend more time trying to save £50 on a television than they do on researching where they’re putting their hard-earned cash. Is it any wonder

      1 min read

    • UNLIMITED

      Meet The Bookkeeper’s Friend

      Jul 1, 2020

      For many small businesses, 2020 has unquestionably challenged the resolve of the most resilient, with research accounting software provider MYOB revealing that 58% of SMEs say the Covid-19 pandemic has negatively impacted their business. But don’t be

      4 min read

    • UNLIMITED

      Start Planning for Tax Season Now

      Dec 11, 2019

      Will Hankinson, the Atlanta-based owner of video rendering service IntroCave, could have banked more of his business’s 2018 profits had he paid closer attention to a big change that went into effect as a result of the Tax Cuts and Jobs Act of 2017. “

      2 min read

    • UNLIMITED

      Definitions And Explanations

      Jun 5, 2023

      METHODOLOGY Companies are ranked by total revenues for their respective fiscal years. Included in the survey are companies that are incorporated in the U.S., operate in the U.S., and file financial statements with a government agency. This includes p

      3 min read

    • UNLIMITED

      3 Ways to Increase the Enterprise Value of Your Family Business

      Aug 31, 2022

      Many entrepreneurs focus on revenue, innovation and people to lead their enterprise forward in the future – but business tends to get in the way.  Finding, recruiting and hiring talent, maintaining relationships with key customers and vendors, dealin

      3 min read

    • UNLIMITED

      Keep Control Of Your Cash

      Dec 15, 2023

      Keep Control Of Your Cash
      2 min read

    • UNLIMITED

      Zoom Video Earnings Expectations High Despite Tough Comps

      Aug 27, 2021

      Zoom Video Communications (ZM, $338.75) has some big shoes to fill following its pandemic-fueled blowout results from Q2 2020, where the video conferencing name posted 355% year-over-year (YoY) revenue growth and a 1,050% surge in earnings per share

      3 min read

    • UNLIMITED

      Financial Literacy For Architects

      May 7, 2021

      Financial Literacy For Architects
      4 min read

    • UNLIMITED

      The Hidden Cost Of SBC

      Sep 23, 2022

      Many tech companies issue stock to employees to give them a stake in the performance of the company. This has been highly effective in a tech bull market and a key incentive to employees. But stock-based compensation (SBC) presents three problems for

      2 min read

    Related categories

    Reviews for Learn SAP FICO in 24 Hours

    5/5

    1 rating0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Learn SAP FICO in 24 Hours - Nordeen Alex

      Chapter 1: Organizational Structure

      Create Financial Statement Version

      This tutorial takes you through the steps to create a Financial Statement Version   Enter Transaction code SPRO in the command field

      How to create Financial Statement Version (FSV)

      In the next screen Select SAP reference IMG

      How to create Financial Statement Version (FSV)

      In next screen-Display IMG  navigate the following menu path SAP Customizing Implementation Guide -> Financial Accounting -> General Ledger Accounting -> Business Transactions -> Closing -> Document -> Define Financial Statement Versions

      How to create Financial Statement Version (FSV)

       In the Next Screen, Select New Entries

      How to create Financial Statement Version (FSV)

       In the Next Screen, Enter the Following

      Enter the FSV Key

      Enter the Description for the purpose of the FSV

      Enter the  language key designates the language in which you Display texts,Enter texts and Print documents.

      Enter this indicator which specifies whether keys of f.s items are assigned manually or automatically when the financial statement versions are defined.

      If we specify a COAhere, only accounts from this chart of accounts can be assigned when you are defining the financial statement. If you do not specify a chart of accounts, accounts from several charts of accounts can be assigned when you define the financial statement.

      Enter this Indicator that specifies that the group account numbers should be assigned instead of the account numbers when you define the financial statement version.

      Enter this indicator as it makes possible to assign functional areas or accounts in the financial statement version.

      How to create Financial Statement Version (FSV)

      After maintaining the fields , press save  How to create Financial Statement Version (FSV)    Enter your change request number

      How to create Financial Statement Version (FSV)

      After the Financial Statement Version is saved you can edit its structure items by selecting Financial statement items button

      In the next screen, you can maintain nodes in version object A new version has  seven basic nodes by default, listed below

      Financial Statement Notes

      Not Assigned

      P+L result

      Net result : loss

      Net result : profit

      Liabilities+Equity

      Assets

      How to create Financial Statement Version (FSV)

      We can maintain node text by double clicking on the node . We can create subitems to the node by selecting the node and pressing the create items button  How to create Financial Statement Version (FSV)  New item will be created as subnode to the selected node. We can assign accounts or group of Accounts to  a node by selecting the node and pressing Assign Accounts .  Below is an example of such an assignment.

      Primary  Node Assets

      Subnode Cash & Cash Equivalents are assigned to Assets . Petty cash is a subnode assigned to Cash & Cash equivalents.Other nodes are also assigned to Cash & Cash Equivalents such as : Checking,Citibank Account, Mellon Bank,Citibank Canada

      Chart of Account key used for assigning accounts

      Range of accounts assigned to node Petty Cash

      Range of Accounts

      After Maintaining the structure press Save   How to create Financial Statement Version (FSV)  and we have successfully created a Financial Statement Version.

      How to perform a Journal Entry Posting

      This tutorial will take you through the steps involved in Posting a Journal Entry

      We will take a sample business transaction for the posting.

      Post General Ledger 5000 units of local currency are drawn from the house bank account in cash and put into petty cash.

      Enter the transaction code FB50

      How to perform a Journal Entry Posting in SAP

      In the next screen, Enter the document date in header part

      Next select button Company Code

      How to perform a Journal Entry Posting in SAP

      Enter the Company Code for the Transaction

      How to perform a Journal Entry Posting in SAP

      In the Item details part , Enter the following

      Enter Cash Account to be Debit

      Select  Debit

      Enter Amount to be debited

      Enter Bank account to be Credited

      Select Credit

      Enter Amount to be Credited

      Now check the status of the Document in Amount Information section

      How to perform a Journal Entry Posting in SAP

      In the Status Bar Document number is generated which confirms Document Posting.

      How to perform a Journal Entry Posting in SAP

      Chapter 2: General Ledger

      Fiscal Year Variant

      Enter the Transaction code SPRO in the SAP Command Field and Press Enter

      How to Create a Fiscal Year Variant

      In the next screen Select SAP reference IMG

      How to Create a Fiscal Year Variant

      In next screen-Display IMG navigate the following menu path :

      SAP Customizing Implementation Guide Financial Accounting -> Financial Accounting Global Settings->Fiscal Years -> Maintain Fiscal Year Variant (Maintain Shortened Fiscal Year )

      How to Create a Fiscal Year Variant

      In the next screen, Select New Entries from the Application Toolbar

      How to Create a Fiscal Year Variant

      In the next screen , Enter the following Data

      Enter two digit unique fiscal year variant key

      Enter a Description for Variant created.

      If Fiscal Year is year dependent , that is if start and end dates for fiscal year changes between year, then select this option, normally it is used for shortened fiscal year.

      If Fiscal Year is same as calendar year , that is Jan - Dec , then select this option.

      Enter

      Enjoying the preview?
      Page 1 of 1