SAP Finance Configuration Steps
SAP Finance configuration step by step:-
Sub Modules of SAP FI:- Important Modules of SAP Financial Accounting are
- General Ledger
- Accounts Payable
- Accounts Receivable
- Asset Accounting
- Bank Accounting
Enterprise SAP Finance Configuration:-
Below are the steps of Enterprise SAP Finance configurations
Step 1:- Define Company
T Code:- OX15
Menu Path :- SPRO –> IMG –> Enterprise Structure –> Definition –> Finance Accounting –> Define Company
Step 2:- Define Company Code
T Code:- OX02
Menu Path:- SPRO –> IMG –> Enterprise Structure –> Definition –> Finance Accounting –> Edit, Copy, Delete, Check Company Code.
Step 3:- Assign Company code to Company
T Code:- OX16
Menu Path:- IMG –> Enterprise Structure –> Assignment –> Finance Accounting –> Assign Company Code to Company
Step 4:- Define Business Area
T Code:- OX03
Menu Path:- IMG –> Enterprise Structure –> Definition –> Finance Accounting –> Define Business Area
Step 5:- Maintain Fiscal Year
T Code:- OB29
Menu Path:- IMG –> Finance Accounting –> Finance Accounting Global Settings –> Fiscal Year –> Maintain Fiscal year variant
Step 6:- Assign Fiscal Year Variant to Company Code
T Code:- OB37
Menu Path:- IMG –> Finance Accounting –> Finance Accounting Global Settings –> Fiscal Year –> Assign Company Code to Fiscal Year Variant
Step 7:- Define Posting Period Variant
T Code:- OBBO
Menu Path:- IMG –> Finance Accounting –> Finance Accounting Global Settings –> Documents –> Posting Period –> Define variants for the opening Posting period
Step 8:- Define Variant for opening & Closing posting period
T Code:- OB52
Menu Path:- IMG –> Finance Accounting –> Finance Accounting Global Settings –> Documents –> Posting Period –> open and close posting periods
Step 9:- Assign Variant to Company Code
T Code:- OBBP
Menu Path:- IMG –> Finance Accounting –> Finance Accounting Global Settings –> Documents –> Posting Period –> Assign Variants to Company code
Step 10:- Define Field Status Variant
T Code:- OBC4
Menu Path:- IMG –> Finance Accounting –> Finance Accounting Global Settings –> Documents –> Line Item –> Controls –> Define Field status variants
Step 11:- Assign Field Status Variant to Company Code
T Code:- OBC5
Menu Path:- IMG –> Finance Accounting –> Finance Accounting Global Settings –> Documents –> Line Item –> Controls –> Assign Company code to Field Status Variants
Step 12:- Define Document Types
T Code:- OBA7
Menu Path :- IMG –> Financial A/C –> Global Settings –> Documents –> Document Header –> Define Document types
Step 13:- Define Document Number Ranges
T Code:- FBN1
Menu Path :- IMG –> Financial A/C –> Global Settings –> Documents –> Document Number Range –> Define Document number range
Step 14:- Define Tolerance Group for G/L A/C
T Code:- OBA0
Menu Path:- IMG –> Financial accounting –> G/L Accounting –> Business transactions –> Open Item Clearing –> Clearing Differences –> Define Tolerance Groups for General Ledger Accounts.
Step 15:- Define Tolerance for Employee
T Code:- OBA4
Menu Path:- IMG –> Financial A/C –> G/L Accounting –> Business transactions –> Open Item Clearing –> Clearing Differences –> Define tolerance for employee
Step 16:- Define Retain Earning A/c
T Code:- OB53
Menu Path :- IMG –> Financial A/C –> G/L Accounting –> GL Accounts –> Master Data–> Preparations –> Define Retain Earnings Account
Step 17:- Define Posting Keys
T Code:- OB41
Menu Path:- IMG –> Finance Accounting –> Finance Accounting Global Settings –> Documents –> Line Item –> Controls –> Define Posting Keys
General Ledger SAP Finance Configuration Steps:-
Below are the SAP Finance configuration steps of General Ledger
Step 18:- Define Chart of Accounts
T Code:- OB13
Menu Path:- IMG –> Financial accounting –> G/L Accounting –> GL Accounts –> Master Data–> Preparations –> Edit Chart of Accounts list
Step 19:- Assign Chart of Accounts to Company Code
T Code:- OB62
Menu Path:- IMG –> Financial accounting –> G/L Accounting –> GL Accounts –> Master Data–> Preparations –> Assign Company Code to Chart of Account
Step 20:- Define Account Group
T Code:- OBD4
Menu Path :- IMG –> Financial accounting –> G/L Accounting –> GL Accounts –> Master Data–> Preparations –> Define Account Groups
Step 21:- Creation of GL Master Records
T Code:- FS00
Menu Path:- IMG –> Financial accounting –> G/L Accounting –> GL Accounts –> Master Data–> Preparations –> GL Account Creation and Processing –> Edit G/L Account
Accounts Payable SAP Finance Configuration
Below are the SAP Finance Configuration of Accounts Payable
Step 22:- Define Account Group with screen layout
T Code:- OBD3
Menu Path:- IMG > Financial accounting –> Accounts Receivable and Accounts Payable –> Vendor Accounts –>Master data –> preparation for creating vendor master data –> Define Account Groups with Screen Layout (Vendors)
Step 23:- Create Number range for Vendor A/C
T Code:- XKN1
Menu Path:- IMG > Financial accounting –> Accounts Receivable and Accounts Payable –> Vendor Accounts –> Master data –> Preparation for creating vendor master data –> Create number ranges for vendors account
Step 24:- Assign Number ranges to Vendor Account Group
T Code:- OBAS
Menu Path:- Financial accounting –> Accounts receivable and accounts payable –> Vendor Accounts –>Master data –> preparation for creating vendor master data –> Assign Number Range to Vendor Account Groups
Step 25:- Define Vendor Tolerance
T Code:- OBA3
Menu Path:- Financial accounting –> Accounts receivable and accounts payable –> Business transactions –> Outgoing payments –> Manual outgoing payments –>Define Vendor Tolerance
Step 26:- Create Sundry Creditors
T Code:- FS00
Menu Path:- Accounting –> Finance Accounting –> General Ledger –> Master Records –> Individual Processing –> Create Centrally
Step 27:- Creation of Vendor Master Records
T Code:- XK01
Menu Path:- SAP Menu –> Accounting –> Finance Accounting –> Account payable –> Master Records –> Maintain Centrally –> Create
Step 28:- Define Payment terms for Vendor
T Code:- OBB8
Account Receivable SAP Finance Configuration
Below are the SAP Finance Configuration of Accounts Receivable
Step 29:- Define Customer Account Groups
T Code:- OBD2
Menu Path:- IMG > Finance Accounting –> Accounts Receivable and Accounts Payable –> Customer Accounts –> Master Data –> Preparation for creating customer master data –> Define Customer Account Groups
Step 30:- Create Number range for Customer
T Code:- XDN1
Menu Path:- Finance Accounting –> Accounts Receivable and Accounts Payable –> Customer Accounts –> Master Data –> Preparation for creating customer master data –> Create Number Ranges for Customer Accounts
Step 31:- Assign No range of customer account groups
Menu Path:- IMG > Finance Accounting –> Accounts Receivable and Accounts Payable –> Customer Accounts –> Master Data –> Preparation for creating customer master data –> Assign Number ranges to Customer Accounts groups
Step 32:- Create Sundry Debtors ( Reconciliation Account )
T Code:- FS00
Menu Path:- Finance Accounting –> Accounts Receivable and Accounts Payable –> Business Transactions –> Incoming payments –> Manual incoming payments –> Define Tolerance ( Customer )
Step 33:- Creating Customer Master Record
T Code:- XD01
Menu Path:- SAP Menu –> Accounting –> Finance Accounting –> Accounts Receivable –> Master Records –> Create Customer Master Record
Step 34:- Define Tolerance for Customer
T Code:- OBA3
Menu Path:-Finance Accounting –> Accounts Receivable and Accounts Payable –> Business Transactions –> Incoming payments –> Manual incoming payments –> Define Tolerance ( Customer )
Step 35:- Define Dunning Area
T Code:- OB61
Menu Path:- IMG > Finance Accounting –> Accounts Receivable and Accounts Payable –> Business Transactions –>Dunning –> Basic Settings for Dunning –> Define Dunning Area
Step 36:- Define Bills of Exchange
T Code:- OBYN
Menu Path:- IMG –> Finance Accounting –> Bank Accounting –> Business Transactions –> Bills of Exchange Transactions –> Bills of exchange receivable –> Define Alternative recon a/c for bills of exchange
Tax on Sales /Tax on Purchases SAP Finance Configuration
Below are the SAP Finance Configuration of Taxes
Step 37:- Define Condition Type
T Code:- OBYZ
Menu Path :- IMG > Financial A/C > Global Settings > Tax on sales/purchase > Basic Settings > Check calculation procedure > Define condition type
Step 38:- Assign Procedure to Country
T Code:- OBBG
Menu Path :- IMG > Financial A/C > Global Settings > Tax on sales/purchase > Basic Settings > Check calculation procedure > Assign procedure to country
Step 39:- Define Tax Codes
T Code:- FTXP
Menu Path :- IMG > Financial A/C > Global Settings > Tax on sales/purchase > Calculation > Define tax codes
Asset Accounting SAP Finance Configuration
Steps of Assets Accounting SAP Finance Configuration
Step 40:- Copy Reference Chart of Depreciation
T Code:- EC08
Menu Path:- Finance Accounting –> Asset Accounting –> Organisational Structure –> Copy Reference Chart of Depreciation/ Depreciation Area
Step 41:- Assign Chart of Depreciation Area to Company Code
T Code:- OAOB
Menu Path:- Finance Accounting –> Asset Accounting –> Organisational Structure –>Assign Chart of Depreciation to Company Code
Step 42:- Specify Account Determination
Menu Path:- Finance Accounting –> Asset Accounting –> Organisational Structure –> Asset Classes –> Specify Account Determination
Step 43:- Create Screen Layout Rules
Menu Path:- Finance Accounting –> Asset Accounting –> Organisational Structure –> Asset Classes –> Create screen Layout Rule
Step 44:- Define Number Range Interval
T Code:- AS08
Menu Path:- Finance Accounting –> Asset Accounting –> Organisational Structure –> Asset Classes –> Define Number range Interval
Step 45:- Define Asset Class
T Code:- OAOA
Menu Path :- IMG > Finance Accounting –> Asset Accounting –> Organisational Structure –> Asset Classes –> Define Asset Classe
Step 46:- Define Depreciation Methods
Menu Path:- IMG –> Finance Accounting –> Asset Accounting –>Depreciation –> Valuation methods –>Depreciation Key –> Calculation methods
Step 47:- Maintain Depreciation Key
T Code:- AFAMA
Menu Path:- IMG –> Finance Accounting –> Asset Accounting –>Depreciation –> Valuation methods –>Depreciation Key –> Maintain Depreciation Key
Step 48:- Create Asset Master record
T Code:- AS01
Menu Path:- SAP Menu –> Accounting –> Finance Accounting –> Fixed Assets –> Asset –> Create Asset Master Record
Step 49:- Depreciation Run
T Code:- AFAB
Menu Path:- IMG –> Finance Accounting –> Fixed Assets –> Periodic Processing –> Depreciation Run –> Execute
House Banking SAP Finance Configuration
Below are the Steps of SAP Finance Configuration of bank Accounting
Step 50:- Define House Bank
T Code:- FI12
Menu Path:- IMG –> Finance Accounting –> Bank Accounting –> Bank Accounts –> Define house banks
Step 51:- Create Bank Key
T Code:- FI01
Menu Path:- SAP Menu –> Accounting –> Finance Accounting –> Accounts Receivable –> Master Records –> Bank –> Create bank Key
Step 52:- Automatic Payment Program
T Code:- FBZP
Menu Path :- IMG –> Finance Accounting –> Accounts Receivable & Payable –> Business Transactions –> Outgoing Payments –> Automatic Outgoing Payments –> Payment method/Bank Selection for Payment program.