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Hello LinkedIn Family, Greetings of the day. Let's have a quick look out towards what is Recurring Entry Documents....... Recurring entries are business transactions that are repeated regularly, such as rent or insurance payments. They are posted by the recurring entries program based on recurring entry documents. •The following data never changes in recurring entries: 1) Posting key 2) Account 3) Amounts You enter this data in a recurring entry original document. The recurring entry program uses the recurring entry original document as a basis for creating accounting documents. The system uses the recurring entry original document that you enter as a reference. The recurring entry original document is not an accounting document and therefore does not affect the account balances. In the recurring entry document, you define when a posting is to be created with this document. Postings can be made periodically or on a specific date: For periodic postings, specify the first and last day of execution, as well as the interval in months. Path :- Implementation Guide (IMG) >Financial Accounting (New) > Financial Accounting > Global Settings (New) > Document Recurring Entries > Define Run Schedules and Enter Run Dates. T code - FBD1 #sap #sapconsultant #saperp #sapststem #share #erpjobs #erpsystem #finance #sapcommunity #saphana #sapfico #sapco #sapjobs #sapenduser #sapkeyuser #saptecnicalconsultant #software #finance #finance #erpsolutions #erpimplementation #sapimplementation #saptraining #sapbusinessone #saphiring #saperphiring #sapconsultanthiring #sapficohiring #hiring #sapfihiring #saphanahiring #sapsoftware #sapfi #viral

Hello Connection's Greetings of the day Today we will know about What is Document Parking ? Document Parking relatea to customers, vendors, G/L accounts, and asset accounts. There is an additional fast entry function for G/L accounts. For assets, you can only enter acquisitions. Furthermore, you can park tax information and special sales, but you cannot park special sales for bills of exchange etc. Document parking is linked to the account display function and the reporting function in Financial Accounting.You can also park cross-company code business transactions. For such transactions, only one parked document in the initial company code is created. Multiple documents are then created when the parked document is posted. You cannot enter a comprehensive number for cross-company code transactions. The check run on the data in a parked document only checks whether the data exists.The authorization checks performed for document parking are basically the same as those performed for standard document entry and processing. The assignment of authorizations enables the system to differentiate between users who can only park documents and those who can park and post documents.You can use account assignment models when parking documents, but not reference documents.Batch input is possible for parked documents. T - Code - FBV1 #sap #sapconsultant #saperp #sapststem #share #erpjobs #erpsystem #finance #sapcommunity #saphana #sapfico #sapco #sapjobs #sapenduser #sapkeyuser #saptecnicalconsultant #software #finance #finance #erpsolutions #erpimplementation

Dear #connections Greetings of the day, Let's see what is Account Group in SAP An account group is a segregating or grouping the similar accounts in to single group. Each account group in SAP is assigned to a chart of accounts, so you can only use account group if the controlling areas use the same chart of accounts. The account number rage interval from which the account number is selected when you are creating general ledger master record. Why Account Group ? If you want to check current asset balances or prepare P&L accounts, Balance sheets, you need to verify each and every account and then you need to add and assign to their respective accounts. This process may take lot of time. So to overcome this issues SAP has has provided account groups. With in account group you can prepare accounts with in number range. For example you can prepare cash accounts with any account number for current assets number range 200000 -200099. In Real time business scenario, we suggest • All Liabilities accounts to start with 1 series. • All Asset accounts to start with 2 series. • All income accounts to start with 3 series. • All Expenditure accounts to start with 4 series. Why we need to follow accounts within series? When the user posting to salaries account, which is an expenditure account. At the time of posting when he give *4, only expenditure accounts appears in the list. Transaction code: – OBD4 Menu Path: – SPRO – Financial Accounting – General Ledger Accounting — G/L Accounts — Master Data — Preparations — Define Account #sap #sapconsultant #saperp #sapststem #share #erpjobs #erpsystem #finance #sapcommunity #saphana #sapfico #sapco #sapjobs #sapenduser #sapkeyuser #saptecnicalconsultant #software #finance #finance #erpsolutions #erpimplementation #sapimplementation #saptraining #sapbusinessone #saphiring #saperphiring #sapconsultanthiring #sapficohiring #hiring #sapfihiring #saphanahiring #sapsoftware #sapfi #viral

If you’re new to the financial operations space or just needed a little refresher, personally when I started my career I had no ideas about these key financial operations.I believe it will be very helpful to those who want to start their career in finance or accounting domain,here are the different but critical processes that we know as P2P, R2R, and O2C: What is a procure-to-pay process?(P2P) Businesses use the term procure-to-pay (P2P) to describe the entire set of processes between sourcing, negotiating, requesting, and ordering a purchase as the customer through procurement to receiving goods or services, to processing and paying approved vendor invoices by performing accounts payable and accounting functions. Procure-to-pay process Steps: 1. Identify needs 2. Create requisitions 3. Purchase requisition approval 4. Create a Po 5. Purchase order approval 6. Goods receipt 7. Supplier performance 8. Invoice approval 9. Vendor payment What is a Record-to-report process?(R2R) Record to report (R2R) is a finance and accounting management process that involves collecting, processing, analyzing, validating, organizing, and finally reporting accurate financial data. R2R process provides strategic, financial, and operational feedback on the performance of the organization to inform management and external stakeholders. The Record to Report Process Cycle involves: 1.General Ledger Accounting 2.Closing of Book 3.Consolidation of Accounts 4.Reporting of Financials 5.Financial Analysis 6. Account reconciliation What is Order-to-cash process?(O2C) O2C or OTC, is how your business receives, processes, manages, and completes customer orders. This means handling all aspects of the sale including shipping the items, collecting the payment, creating invoices, and reporting on the end-to-end process. 1. Receive Order 2. Manage Customer Payment 3. Fulfill Order 4. Ship Order to Customer 5. Create the Invoice 6. Collect Payment #accounting #sap #bank #bankreconciliation #linkedinlearning #linkedin  #financerecruitment #financecareer #sapcommunity #cma #icmai #financeprofessionals #bs #fresherinfinance #finance

I think it's valuable in accounts.

Hello LinkedIn Family, Greetings of the day, Let's have a quick overview about what is "Validation" in SAP? The validation function checks the entered values and value intervals. When data are entered in the system, the rule manager validates the data according to the validation rules. Since data are validated before they are actually posted, only validated data is accepted. The validation tools can be used to validate data immediately upon entry. Eg - During document entry only a valid combination of GL account and business area needs to be entered. This can be set as a validation in the system. The following application areas use validations. • FI financial accounting, • CO cost accounting, • AM asset accounting, • GL special purpose ledger, • CS consolidation, • PS project system, • RE real estate, • PC profit center accounting, • GA allocations. Validation in accounting documents IMG Path - SAP Reference IMG -> Financial Accounting -> General Ledger Accounting -> Business Transaction -> GL account posting -> Carry out and check document setting -> Validation in accounting document Transaction: OB28. #sap #sapconsultant #saperp #sapststem #share #erpjobs #erpsystem #finance #sapconsultanthiring #sapficohiring #hiring #sapfihiring #saphanahiring #sapsoftware #sapfi #viral #saptechnicalconsultant #saplearning #sapjobs #sapvaccancy

Hello LinkedIn Family, Greetings of the day, Today we will see what is Reconciliation accounts in SAP ? Reconciliation accounts are G/L accounts to which postings are made automatically whenever a business transaction is entered on a subledger account (such as accounts receivable, accounts payable, or fixed assets). For each subledger, the subledger accounts that are displayed in the general ledger in the same reconciliation account are always grouped together in an account determination group. In account determination, at least one reconciliation account is assigned to each account determination group. In most cases, the assignment of a reconciliation account to an account determination group applies generally for all relevant business transactions. In addition to the standard reconciliation account, you can assign a separate reconciliation account for specific business transactions (such as down payments) in the case of some account determination groups. It is necessary in some cases to represent a single business transaction in multiple reconciliation accounts. For down payments made, for example, you can create a reconciliation account for down payment made (general) and a separate reconciliation account for down payments made for fixed assets. Such separate reconciliation accounts are called alternative reconciliation accounts. Since in such cases there are multiple reconciliation accounts for a single business transaction, the reconciliation account cannot be determined automatically. Thus you need to select a reconciliation account manually for such business transactions.You can only use alternative reconciliation accounts to represent the same business transaction differently in the Accounts Receivable subledger and the Accounts Payable subledger. #sap #sapconsultant #saperp #sapststem #share #erpjobs #erpsystem #finance #sapconsultanthiring #sapficohiring #hiring #sapfihiring #saphanahiring #sapsoftware #sapfi #viral #saptechnicalconsultant #saplearning #sapjobs #sapvaccancy

DAY-2 Hello Everyone This is Zeeshan I will be Posting everyday Complete Notes & Knowledge required in order to understand the Process of Accounts Payable. Please like and follow me for latest Updates and please support my work. Thank You, #sap #career #shareknowledge #connections #teameffort #knowledgesharing #sharingexperiences #training #mentorship #mockinterviews #skills #freetraining #successmotivation #supplychainmanagement #materialmanagement #sales #productionplanning #finance #vendor #Businesspartner #salesanddistribution #enterprisestructure #sapcommunity #s4hanasd

Post 01 FICA in Telecommunications Please join my group - https://lnkd.in/gzd_MXJ9 Configuring Contract Accounts Receivable and Payable (FI-CA) in SAP S/4HANA for telecommunications involves several steps. Here is a high-level overview of the configuration process, along with examples and test cases: Define Company Code: Transaction Code (Tcode): SPRO Path: SAP Customizing Implementation Guide (IMG) → Enterprise Structure → Definition → Financial Accounting → Define Company Example Test Case: Validate that the company code is defined correctly, including the address, currency settings, and other relevant parameters. Define Business Partner Role Category: Tcode: SPRO Path: IMG → Cross-Application Components → SAP Business Partner → Basic Settings → Business Partner Roles → Define BP Role Categories Example Test Case: Create a role category specific to telecommunications to define the customer and vendor roles related to contract accounts. Activate Contract Accounts Receivable and Payable: Tcode: SFW5 Path: SPRO → SAP Reference IMG → Activate Business Functions Example Test Case: Ensure that the appropriate business function, such as "Contract Accounts Receivable and Payable" (FIN_RE_CA_1), is activated for telecommunications. Define Contract Account Groups: Tcode: SPRO Path: IMG → Finance Accounting (New) → Contract Accounts Receivable and Payable → Basic Functions → Contract Accounts → Define Contract Account Groups Example Test Case: Create a contract account group for telecommunications that specifies the relevant fields, status, and posting rules for contract accounts. Define Output Types and Form Templates: Tcode: SPRO Path: IMG → Finance Accounting (New) → Contract Accounts Receivable and Payable → Basic Functions → Output Control → Define Output Types and Form Templates Example Test Case: Configure output types for various business processes such as billing documents or dunning notices and assign the corresponding form templates. Define Document Types and Number Ranges: Tcode: SPRO Path: IMG → Finance Accounting (New) → Contract Accounts Receivable and Payable → Basic Functions → Contract Accounting Documents → Define Document Types and Number Ranges Example Test Case: Define document types for different transaction types (e.g., invoice, credit memo) and assign number ranges to them. Configure Posting Keys: Tcode: SPRO Path: IMG → Finance Accounting (New) → Contract Accounts Receivable and Payable → Basic Functions → Posting Control → Define Posting Keys Assign Account Determination Procedure: Tcode: SPRO Path: IMG → Finance Accounting (New) → Contract Accounts Receivable and Payable → Basic Functions → Account Determination → Assign Account Determination Procedure Define Interest Calculation: Tcode: SPRO Path: IMG → Finance Accounting (New) → Contract Accounts Receivable and Payable → Basic Functions → Charge Calculation → Interest Calculation → Define Interest Calculation Please check post 2 and 3

Hello LinkedIn Family. Greeting of the day, Today we will see what is Line item display in SAP? Line items are document items that were posted to a specific account. In contrast to a document item, a line item only contains the information from the document item that is relevant from the account view. You can display the following line items: • Open items • Cleared items • Noted items • Parked items Items with special G/L transactions (in Accounts Receivable and Accounts Payable) Items with customer or vendor items (in Accounts Receivable and Accounts Payable) You can display the line items for the following account types: Customer accounts Vendor accounts G/L accounts To be able to display the line items for an account, line item display must be set up for the respective accounts, that is, the Line Item Display indicator must be set in the master data of the account. This setting is mandatory for customer and vendor accounts. Features If you have posted a business transaction and want to display the line items, you have the following options: 1) Display the document and then the line items. For more information, see Display Document. 2) Display the account and then the line items. (T-Code FBL5N) Path : - SAP Easy Access menu > Accounting Financial Accounting > Accounts Receivable > General Ledger Account > Display/Change Line Items (New) . #sap #sapconsultant #saperp #sapststem #share #erpjobs #erpsystem #finance #sapcommunity #saphana #sapfico #sapco #sapjobs #sapenduser #sapkeyuser #saptecnicalconsultant #software #finance #finance #erpsolutions #erpimplementation #sapimplementation #saptraining