FINANCIAL ACCOUNTING

1. Define Company---> ox15

2. Create Company Code ---> ox02
3. Define Business Area---> ox03
4. Maintain Consolidation Business Area---> occ1
5. Maintain Financial Management Area---> of01
6. Define Credit Control Area--->
7. Assign Company code to company---> ox16
8. Assign Business area to consolidation Business Area---> obb6
9. Assign Company Code to Financial management Area---> of18
10. Assign Company Code to Credit Control Area---> ob38

Fiscal Year & Field status Configuration: -

----------------------------------------------------------
11. Maintain Fiscal Year Variant---> ob29
12. Assign fiscal year variant to Company code---> ob37.
13. Define Variants for open posting periods---> obbo.
14. Assign Variant to company code---> obbp
15. Open and Close posting period---> ob52
16. Define field status variant---> obc4
17. Assign field status variant to company code--->obc5

Chart of Accounts: -
---------------------------
18. Edit chart of Accounts list---> ob13
19. Assign company code to chart of accounts---> ob62
20. Define account groups---> obd4
21. Define Retained Account--->ob53
22. Define Doc type for Entry View--->oba7
23. Define Tolerance Group for G/L account---> oba0
24. Define Tolerance Group for Employees--->oba4

TAX PROCEDURE: -
--------------------------
25. Check Calculation Procedure--->obyz
26. Assign country to calculation procedure--->obbg

G/L Account: -
-----------------
1. Posting in G/L account--->f-02
2. Display document---> fb03

Parking a document: -
-----------------------------
3. Create a doc and park it--->f-02
4. Change a parked document---> fbv2
5. Posting of parked doc--->Fbv0

Recurring Document: -
-------------------------------
6. Creating Reccurring doc (it doesnt post in G/L accounts)---
>fbd1
7. Display recurring doc---> fbd3
8. Change recurring doc---> fbd2
9. Display list of recurring doc--->f.15
10. Creation of batch file using recurring doc---> f.14
11. Execution of batch file---> sm35
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------------
Account Payable: -
------------------------
1. Define Vendor Account Group--->obd3
2. Create No range for vendor account group---> xkn1
3. Assign no range to Vendor account group---> obas
4. Define Doc types and Number range---> oba7
5. Define Tolerance group for Vendor/Customer--->oba3

Easy Acces--- Account Payable: -

---------------------------------------------
6. Define vendor master----> fk01
7. Posting Purchase Invoice---> f-43 { 31- Credit (vendor) and
40- Debit ( sales account)}
8. Display Vendor G/L account balance---> fbl1n
9. Outgoing Payment (Making payment against Purchase Invoice)
---> f-53

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------------
Account Receivable: -
------------------------------
1. Define customer account group--->obd2
2. Create No range for customer account group---> xdn1
3. Assign no range to Customer account group---> obar
4. Define Doc types and Number range---> oba7
5. Define Tolerance group for Vendor/Customer--->oba3

Easy Acces--- Account Receivable: -

---------------------------------------------
6. Define customer master----> fd01
7. Posting Sales Invoice---> f-22 { 01- Debit ( customer) and 50-
credit ( sales account)}
8. Display Customer G/L account balance---> fbl5n
9. Incoming Payment (Payment received against sales invoice)--->
f-28

Reversing a document: -
---------------------------------
1. Individual reversal--->fb08
2. Mass reversal---> f.80
3. Bulk document which are in serial to be reverse--->f.80

Terms of Payment: -
---------------------------
OUTGOING PAYMENTS

1. Maintain terms of payment--->obb8

2. Create G/L account for discount received--->fs00
3. Automatic account assignment---> obxi
4. Update vendor master record---> fk02 (update the payment
terms)

INCOMING PAYMENTS
1. Maintain terms of payment--->obb8
2. Create G/L account for discount given--->fs00
3. Automatic account assignment---> obxu
4. Update vendor master record---> fd02 (update the payment
terms)
Down payment: -
---------------------
Customer
-------------
1. Define G/L account for Downpayment---> fs00
2. Define alternative recon account for customer downpayment---
>obxr
3. Posting of Downpayment received--->f-29
4. Posting sales invoice--->f-22
5. Clearing Downpayment--->f-39
6. Posting Incoming Payment--->f-28

Vendor
-------------
1. Define G/L account for Downpayment---> fs00
2. Define alternative recon account for Vendor downpayment---
>obyr
3. Posting of Downpayment received--->f-48
4. Posting purchase invoice--->f-43
5. Clearing Downpayment--->f-54
6. Posting Incoming Payment--->f-28

HOUSE BANK
--------------------
1. Define House Bank--->fi12
2.Updating bank G/L account---->fs00

CHECK MANAGEMENT
---------------------------------
1. Define number range for checks--> fchi
2.Posting Purchase Invoice---> f-43
3. Posting outgoing payment---> f-53
4. Create check manually--->fch5
5. Encashment of check--->fch6 (It is check point to check funds
availability)

DUNNING
1. Define Dunning Area--->ob61
2. Define Dunning Procedure---> fpmb
3.Updation of Master Record---> fd02 or fk02
4. Execution of Dunning procedure---> F150 ---Easy Access
TAXES
Note:-
-----Withholding tax types represent basic calculation rules
-----Withholding tax code reprsents specific features of above rules
- in particular the percentage rate

1. Check cal procedure----> obyz

2. Assing country to cal procedure---> obbg
3. Creation of G/L account---> fs00
a. VAT Paid----------- Purchases
b. VAT Payable------- Sales
4. Updation of G/L account--->fs00
a. Raw material
b. Sales account
5. Define Tax codes for sales/ purchases--->ftxp
6. Define Tax accounts--->ob40
6. Posting Purchase and sales invoice.

WITHHOLDING TAXES
--------------------------------
1. Check withholding tax countries----> 005q
2. Define withholding tax type for Invoice and payment posting
3. Define withholding tax code
4.Define formulas for calculating withholding tax
5. Assign withholding tax types to company code
6. Activate extended withholding tax
7.Creation of G/L accounts
a. Services expenses account
b. TDS accounts
8. Definde accounts for withholding tax to be paid over
9. Update Vendor records.
10. Maintain company code setting-----------------------> logistic
general----tax on good material---- basic setting---india---maintain
company code.
 ASSET ACCOUNTING

1. Copy reference chart of Depriciation/depriciation areas--- >

oap1
a. Specify description of Chart of depriciation.
2. Create fiscal year variant
3. Assign Fiscal year variant to company code.
4. Assign Fiscal variant to Controlling area
5.Define tax codes for sales & Purchases.
6. Assign tax codes to non taxable transaction.---->obcl
7. Assign chart of depriciation to company code.

ASSET CLASS CREATION

1. Specify account determination
2. Create screen layout rule
3. Define Number range interval
4. Define Asset classes

G/L ACCOUNT CREATION

1. Create no of gl accounts= no of asset class
2. Sale of asset
3. Profit on Sale of asset
4. Loss on Sale of asset
5. Scrapping
6. Depreciation
7. Accumulated Depriciation for each asset class.
8. Assign GL accounts

Define Depreciation key

9. Define Base Methods
10. Define Multi Level Methods
11. Maintain period control method
12. Define depreciation key
EASY ACCESS- Creation of main asset
------------------------------------------------------
1. Creation of main asset---> as01
2. Creation of Sub Asset--->as11
3. Posting of an Asset--->f-02
4. Acquisition of Asset--->f-90
5. Asset Explorer--->aw01n

CONTROLLING
----------------------

1. Maintain Controlling Area--->okkp

2. Maintain No ranges for controlling doc----> kank
3.Maintain Versions--->okeq

Cost Element Accounting

------------------------------------
1. creation of primary cost element--->fs00 or ka01
2. creation of secondary cost element---> ka06
3. Creation of cost element group---> kah1

Cost Centers
------------------
1. creation of cost center--->ks01
2. creation of cost center group--->ksh1
3. posting a transaction----> f-02

Profit Center
------------------
1. creation of profit center---> okks
2. Maintain controlling area settings
3. creation of dummy profit center
4. Maintain plan version

FICO Notes: -
 Each currency key can have a validity date.
In direct quotation, one unit of foreign currency is quoted for the local currency, whereas in
indirect quotation, one unit of local currency is quoted for the foreign currency.
For profit and loss statement accounts, the balance is carried forward to a retained earnings
account and the profit and loss statement account is set to zero
If there is only one retained earnings account, the system automatically uses the one defined in
Customizing. If there is more than one retained earnings account, when you create a master
record, you can select the retained earnings account for each profit and loss statement account.
The fields. Account Currency and Field Status Group. are always required fields. This status
cannot be changed.
Reconciliation Account
o Reconciliation accounts are general ledger accounts assigned to the business partner
master records to record all transactions in the sub-ledger.
o You define a G/L-account as a reconciliation account by entering one of the following
account types in the field Reconciliation Account for Account Type:
D for Accounts Receivable and K for Accounts Payable
o You cannot post amounts directly to reconciliation accounts.

You should not activate the line item display for:

o Reconciliation accounts
o Revenue accounts
o Material stock accounts
o Tax accounts

Only Balances in Local Currency:-

If the "Only Balances in Local Currency" checkbox is set in the master data record,
transaction figures are only managed for amounts converted to the local currency.
It must not be set in reconciliation accounts for customers or vendors.
The indicator is usually set in balance sheet accounts that are not managed in foreign currencies
and not managed on an open item basis.

A complete customer account consists of the following three segments:

. General data at the client level
. Company code segment
. Sales area segment

A complete vendor account consists of the following three segments:

. General data at the client level
. Company code segment
. Purchasing organization segment

-The account group is used to control the fields displayed in the master record.
Bank Master Data

Every record is identified by bank key and bank country and it includes
Address data
Control data ie SWIFT code, postal data and bank group

In order to maintain cash discount the system needs:-

Baseline date
Cash discount terms
Cash discount percentage rates.

Output tax is levied on the net value of the goods and is billed to the
customer. It is a liability of the company to the tax authorities.
Input tax is levied on the net invoice amount and is billed by the vendor. The
input tax is a receivable which the company claims from the tax authority.

A manual payment is processed in three steps:

. Data is entered in the document header.
. Open items are selected to be cleared.
. The transaction is saved.

-In Financial Accounting, once the customer/vendor account has been created, you can no longer change
the account group.