FI/CO

Welcome to our SAP FI/CO module category page, where you can find a comprehensive collection of documents, tutorials, and guides. Explore our extensive resources to gain insights into financial accounting, controlling, and related processes, enabling you to master key concepts and optimize your SAP FI/CO implementation with ease.

Reconciliation Ledger in SAP

How to Reconcile CO and FI Modules in SAP

The Reconciliation Ledger is a functionality available in the SAP Controlling module which helps in reconciling CO and FI. In the reconciliation ledger, Controlling CO data is totaled and valuated. The reconciliation ledger displays data in all CO applications. This data could be for a cost element, business area, object types, object classes, totals of company codes etc.So how does the reconciliation ledger reconcile FI and CO records. The reconciliation ledger uses reconciliation postings for this purpose.

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Step by Step SAP Product Costing End-User Documents

The provided file list consists of various processes related to SAP Product Costing which are essential for managing and analyzing costs associated with materials, production orders, and cost estimates within the SAP system. Here is the list of files shared:
Contents:

C088 Settlement Prod Cost Collector Collective
CK11N Create Material Cost Estimate
CK13N Display Material Cost Estimate
CK24 Mark Future Price
CK24 Release Price Update
CK40N Edit Costing Run
CK44 Delete Costing run

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Creating Tax Codes

Transaction:  FTXP

This area gives you a step by step explanation on “how to create a tax code in SAP”. Later on these tax codes must be used in the creation of condition tables such as for MWST.

  • Go to transaction code FTXP and select the country for which you need to create a tax code.  This country is automatically linked to the Tax Procedure which has been set up in the menu path [IMG – Financial accounting – Financial accounting global settings – tax on sales/purchases – basic settings – Assign country to calculation procedure].

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FI Checklist for Closing

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

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FI Integration with MM,SD

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).

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Posting Keys

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.

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Fiscal Year Variant

Definition

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.

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