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SAP FICO
2 Transactional Data: It is the data which is posted to the master record during the daily management of the business. This is temporary in existence The General Ledger Master record contains the data under two segments.
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Charts of account segment: this segment contains the data such as account group,short text etc. When all the company codes are using the same chart of accounts this data is same in every company code. Company code segment: this segment contains the data such as account currency,line item display and sort key etc. This data is specific to every company code. At chart of accounts level first then at the company code level Centrally ( we can enter data both in chart of accounts segment and company code segment at the same time)
Account currency: it is the currency in which GL account is maintained. The account currency automatically defaulted from the company code local currency. We can change the account currency if necessary. If the account currency is company code local currency
If the account currency is other than company code local currency (foreign currency), then we can post the business transactions into that account in that currency only. Only balances in local currency: if this check box is selected, the system displays the balances in the company code local currency only. For this purposes if any foreign currency business transactions are posted, the system will convert those foreign currency business transaction in to the company code local currency. For this we require some settings.
Line item display: by selecting this check box the system displays the line items in this GL account. i.e. it maintains the details of the business transactions posted.
Sort key: it is the criteria according to which the business transactions are organized in the GL account. The sort keys are system defined EDITING GL MASTER RECORD
Once the GL account master record is created we can not change the following fields 1. GL Account number 2. Company code 3. Account group 4. Status of open item management if the any business transactions are existing as open items in that GL account. Once open items are cleared we can change the status
SAMPLE DOCUMENTS
This is the special type of document. This is used to post the business transactions which occur frequently every day. Using the sample document we can reduce the posting burden on the users. The sample document is template for original/accounting document. Sample documents do not update any transaction figures. We have to define a special number range for sample documents. The number range no. for sample documents is X2. The following functions are available for the sample documents. 1. Display 2. Change 3. Delete. RECURRING DOCUMENTS
There are some business transactions which occur regularly at fixed intervals. Examples are rent payment; payment of term loan installment and payment of vehicle loan installment. In order to post this type of transactions we can use this recurring document functionality. To use the recurring documents two conditions are to be satisfied.. 1. The day of posting should be same in every interval 2. The amount of the transaction should be same in every interval. For every recurring document we should specify the fist run date. Last run date and interval for posting. The original recurring documents do not update any transactional figures. The transactional figures are updated when the accounting documents are posted using the recurring documents by running the recurring cycle.
The following functions are available for recurring documents. 1. Display 2. Change 3. Delete.
We have to define the special number range for recurring documents also. The number range no. for recurring documents is X1. FOREIGN CURRENCY POSSTINGS Translation ration for currency translation: it is the relation between the minimum units of two currencies in the commercial usage for the conversion purpose. For any pair of currency the translation ration is always 1:1. but for the Japanese Yen the relation is always 1:100 Foreign exchange quotations: there are two types of quotation which we can enter in the foreign currency tables. 1. Direct quotation: for one unit of foreign currency how many number of units of company code local currency. It is convenient to use the direct quotation when the foreign currency is bigger than the company code local currency. 2. Indirect quotation: for one unit of company code local currency, how many number of units of foreign currency. It is convenient to use the indirect quotation when the company code local currency is bigger than the foreign currency.
Transaction currency: it is the currency in which the business transaction occurs. It is also called document currency. For every foreign currency posting the system stores two figures. One in document currency and the other in company code local currency. INTEREST CALCULATIONS
Interest calculation types: there are three interest calculation types in sap. 1. Balance interest calculation. This type is used to calculate interest on gl account balances. For example on term loans. This type is denoted as S in the system 2. Item interest calculation. This type is used to calculate the interest on vendor/customer account balances. This type is denoted as P in the system. 3. Penalty interest calculation. This type is used to impose the penalty on the interest payments. this is denoted as Z in the system The first and second types are used by the commercial enterprises and the third type is used by the financial institutions. Interest indicator. This is the identification for which we assign all values necessary for calculating the interest. The interest indicator is assigned in the term loan account master record to enable he system to calculate the interest according to the values specified in it.
Reference rate of interest. It is identification for which we assign the real interest rate i.e. 12%, 13% etc. the reference rate of interest is assigned to the interest indicator. We can define any no of reference rates of interest.
Calendar type: the calendar type determines the no of days to be considered for per period for which interest is calculated. There are 4 types of calendars available for interest calculations in sap.
1. Bank calendar (B): it used 30days as basis for the month and 360 days as the basis for the year 2. French calendar (F): it uses the actual no of days in a month as the basis for the month and 360 days as the basis for the year 3. Gregorian calendar (G): it uses the actual no of days in a month as the basis for the month and 365 days as the basis for the year. Japanese calendar (J): it uses 30 days as the basis for the month and 365 days as the basis for the year. REVERSALS The reversal function is used to reverse the error documents. There are five types of reversals in sap. 1. Individual reversals: this function is used to reverse a single document only at a time. When the document is reversed, the system reverses the posting keys only. 2. Reverse of reversal: this function is used to reverse a document which was already reversed. 3. Mass reversal: this function is used to reverse a group of documents at a time. But once the document is reversed it cannot be reversed directly. We can do it in the indirect way.
1. Accrual/deferral document reversals: this function is used to reverse the accrual and deferral documents posted on the last day of the month 2. Cleared item reversals: this function is used to reset the open items which were cleared. At the time of reversing the documents, the user can give the date on which the reverse document is to be posted. If the user does not give any date, the system posts the reverse documents as on the posting date of the original document. While reversing the document the user has to specify the reversal reason. We can define our own reversal reasons in addition to the reversal reasons which were already defined in the system ACCRUAL AND DEFFEREAL DOCUMENTS. In every business transaction there are two aspects. service aspect payment aspect if the service aspect happens first and then the payment aspect, it is called accrual business transaction. Example: out standing expenses (expenses payable) and out standing incomes (incomes receivable). If the payment aspect happens first and then the service aspect then it is called deferral business transaction. Example: pre paid expenses and incomes received in advance. Open item management: if any GL account is maintained on the open item management then we can display the items which are pending for payment or the items which are pending for receipt. We can manage only the balance sheet accounts on the open item management. For the GL account which is managed on the open item management we display
only open items ( items which are pending for payment or the items which are pending for receipt OR 2. Only cleared items (the items on which the amount was paid or the items on which the amount was received OR 3. all items : we can display both open items and cleared items ( in one screen).
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