By Andrew Okungbowa

SAP ERP modules are notoriously difficult to configure and use successfully with no lot of perform and event. yet as SAP ERP monetary Accounting and Controlling: Configuration and Use administration exhibits, it does not need to be so tricky. The ebook takes a scientific process that leads SAP monetary Accounting and Controlling (FICO) clients step-by-step via configuring and utilizing all of the program's points. This process makes configuration complexities achievable. The book's writer - SAP specialist, coach, and accountant Andrew Okungbowa - guarantees that either you and your finish clients are up and operating speedy and hopefully with FICO. He additionally presents sound and proven strategies that make sure your implementation works with no blunders. you will discover that you simply need not be a rocket scientist to know the innovations defined and practice them in your paintings - even if the funds are complex, corresponding to with the bits and bobs of taxes, foreign money conversions, or designated normal ledger entries reminiscent of down funds or money owed of trade.

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Additional info for SAP ERP Financial Accounting and Controlling: Configuration and Use Management

Example text

On the other hand, you can open several posting periods at the same time (that is, more than two posting periods). Posting periods are independent of the fiscal year; that is, they are not dependent on nor controlled by the fiscal year. Posting periods are defined at the global level in SAP ERP. This makes them accessible to several company codes in the system. In SAP ERP, opening and closing periods are differentiated by account types. This allows you to determine which accounts are posted to a specific posting period.

This is achieved by opening current periods and closing all other periods. At the end of the current period, the period is closed and the next period is opened. info Chapter 1 ■ Customizing Organizational Structure in SAP ERP It is compulsory that at least two posting period intervals be open at any given time. On the other hand, you can open several posting periods at the same time (that is, more than two posting periods). Posting periods are independent of the fiscal year; that is, they are not dependent on nor controlled by the fiscal year.

The reason is that when you create your own document types, you also need to make modifications to the standard table supplied by SAP, which can be time consuming. You have two options when defining a document number range in SAP ERP: Up to a future fiscal year: You define a large number range that the system assigns to documents systematically as a document number over one fiscal year. The system chooses the number from the number range that comes up next until the number range is finished. This method has the drawback of running out of numbers once the entire number range is used.

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