SAP FI/CO CONFIGURATION
FI Module
GL configuration
* Company Code configuration
* Standard Line item text configuration
* Complete GL configuration which includes defining chart of accounts, defining retained earnings account, creation of GL account, deletion of GL account
* Validation & Substitution
* Parallel currencies configuration
* Taxes on Sales Buy configuration
* GL Automatic clearing configuration
* Foreign currency valuation configuration
* GR/IR Regrouping configuration
* Financial Statement version configuration (Making Balance sheet and Profit and Loss account)
* FI – MM account determination configuration
* FI – SD account determination configuration
New GL Structure configuration
* Define Ledgers for GL
* Define Currencies for Leading Ledger
* Define and Activate Non-Leading Ledger
* Assign Scenarios and Customer Fields to Ledgers
* Define Ledger Group
* Activate New GL Accounting
* Define Accounting principles and assign to ledger groups
* Define Variants for Real-time integration and assign to company code
* Define document number ranges for GL view (posting only to specific Ledger)
* Define document types for posting only to non leading ledgers
* Configuring document splitting
* Assigning Default profit center to accounts
* Define Worklist for exchange rate entry
* Assign Exchange rate to worklist
* Configuring Assessment and distribution in New GL
* Deactivate update of Classic GL
Cost of Sales Accounting configuration
Cost of Sales accounting needs to be implemented in a manner which makes it more powerful to reconcile the FI and CO module and enable to do a quick close of month end activities.
This functionality needs to be implemented to find out balance on the following:-
* Process/Production orders not settled.
* Networks/WBS not settled
* Internal orders not settled.
* Plant Maintenance orders not settled.
The document also covers how to make a report for cost of sales accounting.
Bank Configuration
* FI – SD account determination configuration
* Define House Banks
* Electronic and Manual Bank statement configuration
* Check Deposit configuration
* Configuring Cash Journal
Accounts Receivable and Accounts Payable configuration
* Define Account Groups for Customers and Vendors
* Define Accounting clerk
* Delete Customer and Vendor Master data
* Configuring Payment terms
* Configuring various automatic account determination
* Defining Tolerances
* Configuring Automatic Payment Program
* Special GL configuration for down payments from customer and vendors
* Configuring regrouping of Customers and vendors according to remaining terms of receivables and payables
* Dunning
* Configuring calculation of Interest on arrears
Asset Configuration
* Copying Chart of Depreciation
* Define Asset Classes
* Configuring account determination for Assets (Integration of Asset with GL)
* Deactivate Asset class for Chart of depreciation
* Configuring posting of depreciation
* Configuring the depreciation key
* Configuring asset classes for group assets
* Define/Assign Settlement profile
* Legacy Asset data transfer
Asset Configuration (based on New GL)
With the introduction of New GL structure there is no longer a need
to maintain different GL codes for different depreciation areas. The only
requirement is to maintain for each reporting 2 additional depreciation
areas i.e. one real depreciation area and second derived depreciation
* Configure Depreciation as above
* Assign target ledger group to the respective depreciation areas
* Wizard to set up Parallel Valuation.
Special Purpose Ledger configuration
* Define Table Group
* Maintain Fiscal Year Variant
* Maintain Ledgers
* Maintain Local Posting Periods
* Maintain Actual Versions
* Maintain Valid Document types
* Maintain local number ranges
* Perform Diagnosis
* Entering an FI-SL document
* Define Libraries
* Define Report Painter Reports
CO Module
Cost Center Configuration
* Configuring the Controlling area
* Maintaining versions in Controlling area
* Configuring multiple valuation approaches/ Transfer prices
* Cost element accounting set up
* Reconciliation ledger configuration
* Setting Cost center Hierarchy, cost center master data, activity types
* Cost center plotting which includes making planner profile, making plotting layout
* Configuring various cycles such as Distribution. Assessment, Indirect Activity allocation
* Configuring Splitting structure
* Configuring Automatic account assignment (OKB9)
Profit Center Configuration
* Maintain the profit center settings for Controlling area
* Creation of dummy profit center
* Creation of Standard hierarchy and creation of profit center master
* Configuring the transfer price settings
* Profit center plotting configuration
* Configuring Distribution and Assessment cycle
* Configuring the 3KEH table (Balance sheet and profit and loss accounts)
Profitability Analysis Configuration
* Making Characteristics and value fields
* Configuring the Operating concern
* Copying an Operating concern from an existing operating concern
* Maintain Characteristic values, defining characteristics hierarchy
* Defining Characteristic derivation
* Defining keys for accessing material cost estimate and assigning costing key to characteristics
* Plotting configuration
* Maintaining value field groups
* Configuration for value flow from SD to PA
* Configuration for value flow form FI to PA
* Configuration for settlement of Product costing variance to PA
* Creation of Profitability report
* Transporting customizing settings
Product Costing Configuration
* Configuring the Costing sheet for calculating overhead
* Configuring the Cost component structure
* Configuring the costing variant
* Configuration for mixed costing
* Configuration for joint product
* Configuration for Work in Process calculation
* Configuration for Variance calculation
* Configuration for settlement of variance
* Configuration for Product cost by period – product cost collector and setting up of variance calculation and settlement of variance
* Configuration for Product cost by sales order
Actual Costing & Material Ledger Configuration
* Configuring Material Ledger for Plants
* Configuring dynamic price changes
* Defining and assigning the material ledger update structure to plants
* Configuration of Actual costing and activation of actual cost component split
* Production start up activities in Material Ledger
Internal Order Configuration
* Define Order types
* Define Model orders
* Maintain Allocation structure
* Maintain Settlement profile
* Maintain number range for settlement docume
