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New General Ledger Configuration in SAP ECC 6.0

The main purpose of G/L accounting in SAP is to provide a comprehensive picture of external accounting and accounts. Recording all business transactions (primary postings as well as settlements from internal accounting) in a software system that is fully integrated with all the other operational areas of a company ensures that the accounting data is always complete and accurate.

In this document, you will find in-depth overview and configuration process flow of New General Ledger in SAP ECC 6.0

  • Brief Overview of Parallel Accounting, Integration of Legal and Management Reporting, Segment Reporting, Cost of Sales Accounting
  • Activate New General Ledger Accounting: SE11 / FAGL_ACTIVEC
  • Compage Ledgers GCAC
  • Deactive of Updation to the Classic General Ledger (GLT0)
  • Define Ledgers for General Accounting
  • Define Currencies for the Leading Ledger
  • Define and Activate Non-Leading Ledger
  • Assign Customer Fields and Scenarios to Ledgers
  • Define Ledger Groups
  • Document Splitting Settings & Configuration
  • Extended Document Splitting

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SAP CO Cost Center Accounting Configuration Guide

The controlling area configuration is the starting point of configuration in the CO module, which will then enable us to configure profit center, product costing and then the profitability analysis module.

In this e-book, cost center accounting configurations will be covered.

  • Organizational Structures

    • Maintain Controlling Area, Maintain Number Ranges for Controlling Documents, Maintain Versions

  • Multiple Valuation Approaches/Transfer Prices

    • Maintain Currency and Valuation Profile, Assign Currency and Valuation Profile to Controlling Area

  • Production Start-Up Preparation
  • Cost Element Accounting

    • Create Batch Input Session

  • Reconciliation Ledger

    • Activate/Deactivate Reconciliation Ledger, Define Adjustment Accounts for Reconciliation Posting

  • Cost Center Accounting

    • Define Standard Hierarchy, Create Cost Center, Create Activity Types

  • Cost Center Planning

    • Define Distribution, Create Assessment Cost Elements, Define Allocation Structures, Define Assessment, Define Splitting Structure

  • Actual Postings

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Lockbox Processing Configuration in SAP

Lockbox is an account in the House Bank which handles the receipt and processing of incoming payments in SAP. This service is mainly provided by banks in the United States. When ever a sales is made party will credit payment to this lock box account in terms of certain invoice in house bank so in that scenario bank will update the data every day by sending a BAI1 and BAI2 (bank adminstrative institute ) files for you to import and apply in Accounts Receivable.
In the following, you will find a step by step configuration procedures of Lockbox Process.

  • Define House Banks (FI12)
  • Define Lockboxs of House Banks (OB10)
  • Define Control Parameters (OBAY)
  • Define Posting Data (OBAX)
  • Define Tolerance Groups for Employees (OBA4)
  • Define Tolerances (Customers/Vendors) (OBA3)
  • Define Accounts for Overpayments/Underpayments (OBXL)
  • Import the Lockbox File (FLB2)

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Comprehensive SAP Configuration Guide

This is the most comprehensive Customization Guide i have ever met which consists of step step advise for each topics with screen prints and very clear definitions under:

  • General Settings

Define Countries, Set Currencies, Set Calendar etc…

  • Enterprise Structure

Define Company, Maintain Controlling Area, Define Location, Maintain Sales Office, Maintain Storage Location, Assign Company code to company/credit control area/controlling area, Assign Plant to Company code, Assign Sales Organization to Company code, Assign Purchasing Organization to Company code etc…

  • Logistics-General

Configuring Material Master,Field Selection, Maintain Company Codes for Materials Management, Material Types, Define Material Groups/Divisions/Material Statuses/Number Ranges for EANs/UPCs (Barcode), Maintain Authorizations and Authorization Profiles etc…