Skip to main content

Free and Open Source ERP - ERP next

  Introduction What is an ERP system? And why should businesses use it? Today, small and medium-sized businesses (SMEs) also face some of the problems that large enterprises do. One of them being planning and managing their resources. SMEs face similar complexities but have limited resources to deal with them. Small businesses (like their bigger counterparts) have to: Do accounts to track their sales/purchases. Do their taxes. Pay their employees. Manage deliveries within promised timelines. Deliver quality goods and services. Communicate with customers, answer their queries. Large enterprises invest millions of dollars in highly sophisticated systems like SAP. SAP and similar systems are able to handle requirements from these large enterprises to bring their  multi-country ,  multi-company ,  multi-currency , global businesses into a single platform. This has helped them achieve consolidation of data/records in the fundamental processes such as accounting, taxation,...
Post a Comment

SAP FI Deleting GL Account



In SAP R/3, go to Accounting → Finance Accounting → General Ledger → Master Records → G/L accounts → Individual Processing → Centrally.

SAP Centrally G/L Account

In the G/L Account, provide the account number of G/L account and the company code key. To delete a G/L account, click the Delete button as shown below.

Delete Centrally G/L Account

The next step is to select deletion options for the G/L account −

  • Deletion flag COA
  • Deletion flag in company code.
  • Select the correct check box and click the Save configuration.

SAP FI – Modify a G/L Account

To modify a G/L account, click the Change option. Refer the following screenshot.

Modify a G/L Account

The next step is to select the changed field −

Select the Changed Field

Click the Save button to effect the changes.

Labels:

Comments

Post a Comment

Popular posts from this blog

SAP FI Journal Entry Posting

The use of Journal Entry (JE) posting in SAP FI is to take a batch, validate it for consistency, and create FI documents and post those entries in various line item accounts needed for subsequent business processing. JE Posting is a process that, with a few exceptions, runs "behind the scenes" and is the heart of Journal Entry. It receives journal entry data (representing financial transactions) from the PRA modules (Valuation, Revenue Distribution, etc.), and summarizes them in batches and posts them to the PRA JE line item tables and to SAP FI. Journal Entry Posting is the link between the journal entries coming from PRA applications and the FI documents and JE line item table items that are created. How to post a journal Entry in SAP FI? Use  T-code  FB50 → Provide the Company code. Enter the document date as shown below − The next step is to provide the following details − G/L Account  − Enter the account to be credited. Short Text  − Description of amount. Amoun...
Post a Comment
Read more

SAP FI - Functional Area

Function Areas in finance accounting are used to define the expenses in a company according to individual function units. The most common Functional Areas are − Manufacturing Sales and Distribution Production Administration How to Define a Functional area in SAP FI? You can define a Functional Area using the  T-code  FM_FUNCTION (Earlier it was OKBD, but this is obsolete). It will open a new window. Click on Create Functional Area as shown below and a new window will open. Enter the following details − Name of Functional Area. Description Validity to and from date Expiration date and Authorization. Once all the details are provided, click the Save button at the top. Once you click Save, you will see a message at the bottom that a new functional area has been created. Functional Areas are used to create Profit and Loss statements using the cost of sales accounting and they are also used to analyze the cost of sales accounting. For this, you need to activate the cost of sales ac...
Post a Comment
Read more

SAP FI - Company Basics

A company is defined as the smallest unit for which financial statements can be created in accordance with commercial legal regulations. In SAP FI, a company can comprise of multiple codes, however it acts as a single unit for which financial statements are available. All the company codes must use the same chart of accounts list and fiscal year, however each code can have a different local currency. A chart of accounts list consists of all the chart of accounts that can be used and each code must have one chart of account. A fiscal year normally consists of twelve months’ time period where company creates the financial statements. SAP FI – Create Company Login to SAP FICO Use  T-code  SPRO → click on SAP Reference IMG → New window will open. Expand SAP Customizing implementation guide → Enterprise Structure → Definition → Finance Accounting → Define Company → click on Execute (see the pointer in the screenshot). A new window will open → click on New Entries → New Entries: Det...
Post a Comment
Read more