Archive for the SAP Hana FICO Category

The different exchange rates for each currency pair are defined in the SAP S/4Hana system and differentiated by exchange rate type. Exchange rates are maintained in the Hana system as per exchange rate type. The standard SAP S/4Hana system provided various standard exchange rate types to meet the requirements. How to Check Exchange Rate Types in SAP S/4 Hana You

Currency Types in SAP S/4 Hana Currency type defines the purpose of a currency. The standard SAP S/4Hana system provides the various standard currency types for various purposes. The following are the important currency types in SAP S4 Hana Currency Type Description 00 Document Currency 01 Document Currency in Group Valuation 02 Document Currency in Profit Center Valuation 10 Company

After maintaining posting period variants, the next step is the assignment of variants to company code in the SAP S4 Hana system. How to Assign Variants to company code in SAP S4 Hana You can assign variants to company code in SAP S/4Hana by executing transaction code OBBP or menu path SAP IMG Path : SAP Customizing Implementation Guide >

Open and close posting periods specify for each variant which posting periods are open for posting. Open and Close Posting Periods in SAP S/4 Hana – Scenarios Posting period variants manage to open and close posting periods Through period variant in SAP Hana, you can control what period is to be open for a particular company code If you assign

How to define variants for open posting periods in SAP S4 Hana You can define variants for open posting periods in SAP S4 Hana by transaction code or menu path SAP IMG Path : SAP Customizing Implementation Guide > Financial Accounting > Financial Accounting Global Settings > Ledgers > Fiscal Year and Posting Periods > Posting Periods > Define Variants

After maintaining a chart of accounts in SAP S4 Hana, the next step is the assignment of company code to the chart of accounts. Assign Company Code to Chart of Accounts in SAP S/4Hana – Scenarios In SAP, one chart of accounts can be assigned to one or more company codes Only one operational chart of accounts can be assigned

At end of every fiscal year (Financial Year), the SAP Hana system carries forward account balances of the Profit and Loss Account (P&L) to the retained earning account. Scenario: At the end of every year, we perform the balance carry forward activity. So the closing balance of the financial year becomes the opening balance for the next year. Retained Earnings

Chart of accounts contains different types of accounts and accounts are grouped into account groups. Account groups refer to groups of accounts that have a similar property within a general ledger accounting. Account Groups in SAP S/4Hana – Scenarios When you are creating a general ledger account (G/L account), you must specify the account group Account groups control the appearance

After maintaining the fiscal year variant in SAP S/4Hana, the next step is the assignment of company code to the fiscal year variant in SAP Hana. By assigning fiscal year variant to company code, it enables to work with company codes with the fiscal year variant to the open posting periods. So you can assign one fiscal year variant to

The Fiscal Year in SAP S/4Hana represents a financial accounting year or an annual accounting period. The fiscal Year Variant determines company accounting posting periods and calendar assignments used to post documents in Financial Accounting. Fiscal Year Variant in SAP S/4Hana – Scenarios Fiscal year variant setup the financial year in the SAP Hana system The company code must be