1 Execute Report for InterCompany Activity & Journal Entries
2 Open posting period for next yr
3 Run Business Area’s Assignment report.
4 Review list of recurring journal entries
5 Execute Recurring Entries for A/R, A/P, G/L
6 Process Parked A/R, A/P, G/L accounting documents
7 Final Cutoff for the Maintenance of Fixed Asset- Add Transfer and Retire Read more →
1. In SAP you will always get integration with other modules.
SD will interact with FI,
MM will interact with SD :-
1a. Looking at MM and SD interaction first, take the scenario of a
third party order process.
This process uses a PO (which is sent to your vendor)
Also invoice verification is used further along the process to check
that the invoice you send to your customer is the same material
and quantity as that which the vendor sends to you
(but obviously shipped directly to your customer). Read more →
What are posting Keys and How are they used while making postings?
Posting Keys are defined at Client Level.
Posting keys determine whether a line item is a debit or credit as well as the possible field status for the transaction. In this context, it is essential to understand the factors that determine the field status of a transaction. The field status within a FI document is controlled by Accout Type, field status of Posting Key and the field status of the G/L account. Read more →
The fiscal year variant contains the number of posting periods in the fiscal year and the number of special periods.
You can define a maximum of 16 posting periods for each fiscal year in the Controlling component (CO). To define the fiscal year variant, go into Customizing for Financial Accounting (FI) under Financial Accounting Global Settings ® Fiscal Year ® Maintain Fiscal Year Variant. Read more →
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