ATM Industry Chart of Account Structure

Hi,
I would like to know which is the best practice relating to COA sturcture in ATM Industry. IN case someone can throw some light on this, it would be helpful
Thanks,

Hi Shakthi,
Requirement is for version 3.1... I guess there is no such concept in 3.1...Any other roadmap to resolve the issue?
Thanks,
Sundar

Similar Messages

'Currency' as a segment in Chart of Accounts

Hi all,
Please pardon me for posting such a long mail :) If you could help me address these concerns, we would really appreciate it.
This is regarding Financial Accounting Hub implementation for an Investment Company. There is a requirement (details mentioned below) at my client site wherein they wish to evaluate 'Currency' as a segment in their Chart of Accounts structure.
Requirement:-
There are two source systems wherein all transactions are already accounted for; henceforth, we have suggested a 'pass-through' approach to the client. The scenario is that, these source systems have transactions (in different Quotation currencies for each Investment they make) which needs to be captured in Corporate General Ledger financial reports (in Balance Sheet, the client wishes to have columns for Currencies to which the Investment has been exposed, along with functional currency, USD balances).
Am seeking your help/insights on the following points:-
- What could be repercussions of having 'Currency' as a segment in Chart of Accounts.
- Can we capture static*** (additional) information from these source systems in 'Supporting References' and could we generate reports for the same (I mean, there is standard functionality in FAH to attach supporting reference to the journal lines; having said that, could we capture the balances of 'Supp. Refs.' in any report).
- What are the pros and cons of having Multiple General Ledgers and finally consolidating them into one ledger. What is the best practice followed in the industry?
- Pros and cons of having single Chart of Accounts and Multiple Chart of Accounts.
- Which reporting tool could be used for developing Financial Reports (like B/S, P&L, Cash Flows) and monthly reports (like reports as per static/additional data)?
I would appreciate if any document/insights pertaining to the same could be shared. Also, if any requirement definition document (RD50) , for a Financial/Investment Company (*which invests its Govt.'s surpluses into asset classes across the world).
***Statics Data in our case, for instance, there is an accounting entry Marketable Securities Dr 1000, To Bank Cr 1000. Other than that, there is static information, like Portfolio Region, Portfolio Currency, Portfolio Dept., etc. linked to this accounting entry.
Thanks in advance.
Pranay Sharma.

Hi all,
Please pardon me for posting such a long mail :) If you could help me address these concerns, we would really appreciate it.
This is regarding Financial Accounting Hub implementation for an Investment Company. There is a requirement (details mentioned below) at my client site wherein they wish to evaluate 'Currency' as a segment in their Chart of Accounts structure.
Requirement:-
There are two source systems wherein all transactions are already accounted for; henceforth, we have suggested a 'pass-through' approach to the client. The scenario is that, these source systems have transactions (in different Quotation currencies for each Investment they make) which needs to be captured in Corporate General Ledger financial reports (in Balance Sheet, the client wishes to have columns for Currencies to which the Investment has been exposed, along with functional currency, USD balances).
Am seeking your help/insights on the following points:-
- What could be repercussions of having 'Currency' as a segment in Chart of Accounts.
- Can we capture static*** (additional) information from these source systems in 'Supporting References' and could we generate reports for the same (I mean, there is standard functionality in FAH to attach supporting reference to the journal lines; having said that, could we capture the balances of 'Supp. Refs.' in any report).
- What are the pros and cons of having Multiple General Ledgers and finally consolidating them into one ledger. What is the best practice followed in the industry?
- Pros and cons of having single Chart of Accounts and Multiple Chart of Accounts.
- Which reporting tool could be used for developing Financial Reports (like B/S, P&L, Cash Flows) and monthly reports (like reports as per static/additional data)?
I would appreciate if any document/insights pertaining to the same could be shared. Also, if any requirement definition document (RD50) , for a Financial/Investment Company (*which invests its Govt.'s surpluses into asset classes across the world).
***Statics Data in our case, for instance, there is an accounting entry Marketable Securities Dr 1000, To Bank Cr 1000. Other than that, there is static information, like Portfolio Region, Portfolio Currency, Portfolio Dept., etc. linked to this accounting entry.
Thanks in advance.
Pranay Sharma.

Mexico Electronic Accounting - SAT Chart of Accounts

We have applied the patch 19584714 in our test instance. However, the SAT Chart of Account structure is not appearing. If we have to define this, where will be get the "Segment" details. Also, the Segment values.
I would appreciate if we can get more detail on the Mapping than the one find in 1918417.1.
It is not clear, whether we have to map accounts only or summary and roll-up as well. What do we map to the SAT Group codes and in first place what are group codes ? If we don't have any summary or roll-up, do we still need to map them.
Thanks
Venkat

Hi Venkat, you have to complete setup steps manually for new SAT COA structure also you need to upload segment values.
This is a new structure definition for Key Flexfield "Accounting Flexfield", I recommed you can get support from someone that has completed similar setups previously.
Thanks

Is it possible to change Chart of Accounts in Enterprise Structure IMG.

Hi,
Is it possible to change the Chart of Accounts in Enterprise Structure IMG?
Some data has been already created but I am not able to post any goods movement entries. As accounts are not being created in the chart of accounts currently used.
please Guide.
Rgds,
Ajit Dubal.

It is better to post this thread in FI/CO forum
K.Prabakaran

Level of the structure of the account accounting chart of accounts.

HOW DO I KNOW SOMEONE pull a report that shows the level ACCOUNTING ACCOUNT IN THE STRUCTURE OF THE PLAN OF ACCOUNTS?
EXAMPLE:
BP02 balance sheet structure
   1 - ASSETS
     1.1 - ASSETS
      1.1.1-ASSETS AVAILABLE
                   111000 - BANK
For this example the level of bank account would be the fourth. I need to know the level of all accounts of the formant chart of accounts.
any help is welcome
thank you

Go to OB58
Double click on your Financial Statement Version
Click on financial Statement Versions (Shift+F8)
Then(Shfit+F4)
If this not your expectation, tell us more details
Srinivas

Sudden change in structure of Chart of Accounts

Hello ...
One case has been presented in more than one occasion. It is as follows:
The accounts of Level 5 of the Plan of Accounts overnight changed to level 2 staying active. The origin of this event is unknown, it speaks in other posts that the case has been reported to SAP but without a definite answer about the why it happens and how to fix it.
In fact, the solution is to re-offered to manually update the accounts to Level 5 ... which in cases where the Chart of Accounts has many quite conflicting accounts.
The questions are: there will be some way to get a little more detailed answer to why this occurs? ... And is it the only option to reorganize the entire Chart of Accounts (Chart of Accounts Edit option), the manual mode?
Thank's
Best Regards,

Hi,
Have you read through all of these related threads?
Re: Chart of accounts out of order
change level account by dtw
How Account Code Levels has changed automatically ?
Weird Chart of Accounts
How to see COA parent account changes history?
It sounds like a bug to me if nobody touch the OACT table.
Thanks,
Gordon

How to use one Account dimension for multiple account structures

We are implementing a HFM application to replace two general ledger applications, one being Corporate and the other a new subsidiary. We need to maintain both of the chart of accounts and their unique rollup structures. We are facing the difficulty in attempting to combine the two chart of accounts into one HFM Account Dimension because a few of the subsidiary accounts have the same account numbers but they are meant different things.
Question:
How can we set up two distinct account structures in HFM and also have the subsidiary accounts rolled into the Corporate accounts for consolidation reporting?
Appreciate your help.

Hope this help.
_http://technet.microsoft.com/en-us/library/cc164331(v=exchg.65) .aspx

How to set up multiple account structures in HFM account dimension

We are implementing a HFM application to replace two separate general ledger applications, one being Corporate and the other being a new subsidiary. The two account structures are quite different. We need to maintain both account structures. Also we are facing the issue that some of the Subsidiary accounts are repeated in the Corporate chart of accounts but they are meant different things.
Question:
What is the best solution to maintain two distinct chart of accounts in HFM and maintain its own rollup structure, but having the financial data of the subsidiary accounts to rolled into the Corporate accounts in order to be able to report consolidated financial results at corporate.
Appreciate your insights.
Thomas

EricWeir wrote:
Thanks, Barney. Nice of Apple to document this so conveniently for us. But sincerely, thanks.
I've never needed any documentation. Optional behavior has always been accessed using the Option key, going back to Classic Mac OS.

Is it possible to change the chart of accounts in Oracle Financials?

Dear Colleagues,
Is it possible to change the chart of accounts in Oracle Financials?
Thank you in advance.
Andrey

It is not an easy change. Oracle typically recommends against it but sometimes company structure or processes change so much that you are forced to do it.
Take a look at http://www.vantagesolutions.com/media/SCOUG_May_2004.pdf as well as http://www.erpstuff.com/forums/topic.asp?TOPIC_ID=6381.
If you google "change oracle chart of accounts", you will find some more hits as well. This is a big project.
If you other business reasons to do a reimplementation, then changing COA as part of that will be very easy.
For a lot of companies debating between reimplementation and upgrade, a need to change COA becomes the last straw in favor of reimplementation.
Hope this helps,
Sandeep Gandhi

Loading Chart of Accounts from SAP into Account dim in BPC automatically

Hi,
for my client I would like to take a predefined flat file from SAP containing chart of account details (account id, description and parent) and load and process them automatically using dtsx packages in BPC 7.0 MS.
Also, I want the package to able to be able to change details when it finds an already existing account id (e.g. if the description changes) and only for the properties contained in the flat file (i.e. keep the property values the same in BPC for those properties which are not in the extract for existing account records), or to add new accounts for those that don't exist. I don't want the existing dimension completely replaced, as the SAP file won't contain info for fields like ACCTYPE, or TYPEELIM for example.
I find the help in Data Manager extremely confusing and am not sure which bits are current or have been superceeded.
I am an application consultant with limited knowledge of DTS/ SSIS and I wonder if someone can give me a step by step detail of what I must do to achieve this. I am sure that many people would like to do something similar.
regards
Scott.

Here is what you need to do in the SSIS package.
1. You need to create exactly same structure as MBRAccount Table. Let's say tmpMBRAccount
2. Export Account data from SAP as FlatFile
3. You need a Script to fill in ACCTYPE or other properties that doesn't exist in SAP but mandatory for BPC account dimension. This script will change exported Flatfile.
4. Import step3 flatfile into tmpMBRAccount table.
    Some users import data into MBRtable directly but it is not good because if error happens,
    there is no way to roll back until restore table from backup database.
    If users use temporary table as we do, Admin task will backup and roll back if error happens.
5. Run Admintask and point tmpMBRAccount table as source table.
6. You need another script to update Excel member sheet from updated mbr table.
    If you don't have this script, data member will be inconsistent between excel member sheet and MBR table.
Some customer add more steps to validate members or error handling.
If you are not an expert of SSIS, I think you need a technical consultant for doing this.
There are an example package in BPC sample package folder but it is very basic one.
Thank you.
James Lim

Linking Multiple Group Chart of Accounts

Hello,
Our organizational structure is like
ABC Holding Group
in ABC Holding Group there are several group of companies like AB Group, BF Group etc.
In AB Group, we have 2 companies PERU and JKRY
We have some confusion about the structure of COA in SAP, we are setting Operational Chart of Accounts for PERU and JKRY and will assigned Group chart of Accounts for AB Group then is it possible to assigned AB Group to ABC Holding Group by using ABC Holding group (Group chart of Account)?
ABC Holding Company (Group Chart of Accounts) Assigned AB Group COA
AB Group (Group Chart of Accounts) Assigned PERU and JKRY Operational Chart of Accounts
Thanks,
Abid

Hi Suresh,
Group Chart of Accounts Mainly Used for Consolidation Purpose,
Follow the Following Procedure for Config Group Chart of Accounts,
1) First Create Group Chart of Accounts in T.Code:OB13
2) than Create Create the Operation Chart of Accounts same T.Code: OB13
3) while Creating the Operational Chart of Accounts,
In Consolidation
Group of Chart of Accounts: Here you assign earlier you created Group Chart of Accounts,
4) Than In FSP0 Create the Group Chart of Accounts, this Code you Have to assign while you are Creating the Operational Chart of Accounts

Change chart of accounts in Controlling area

Hi all,
How can I change the chart of accounts in controlling area?
I've already changed chart of accouns in FA CoCode Global data, and I have to change chart of accounts in controlling area; In OKKP chart of accounts is in display mode

I get the message; where I have to assign Chart of acc to Controling area in OKKP is not possible
Differing charts of accounts: INT - CAXX
Message no. KT299
Diagnosis
The system makes consistency checks during assignment of a company code to a controlling area as part of assignment control.
The same checks take place if assignments already exist and you change the basic data in the controlling area, or if you define the controlling area and company code as a 1:1 structure.
If the check finds an error, the system cannot execute the function ("Assign" or"Change basic data"). If you do not maintain the required data for the consistency check (such as currency, chart of accounts, or fiscal year variant in the company code), this also results in an error message.
Chart of accounts INT, controlling area XX01, does not agree with chart of accounts CAXX, company code XX01.
System Response
Processing is terminated.
Procedure
Ensure that the same chart of accounts is assigned to controlling area and company code.

GL Chart of Account

In Which i Develop the Chart of Account
which Flexfield is need to open
my company is working on the basis of company ,location,department ,account
,sub account in which way i develop the chart of account of my company in
Oracle Apps
Thanks

you need to open Accounting Flexfiled and in that u shld define your Structure company etc. if u want the complete navigation to do it let me know.

Create report of Chart of account tree with account balance in Crystal

Hello everyone
I need to know is there is a way to make a report in crystal showing the chart of accounts and the balance for each account including the grouping accounts with his balance, is there a way to display the account tree in crystal??
The problem I face is how to display the grouping accounts each one with his children under and to summarize the amounts all of his children. And for all the levels of the tree
Thanks in advance for your help
Best Regards

what has been changed. Did the query actually change ?
Nothing on query. I have removed some nodes from the hierarchy. After updating the crystal report I am able to see the changes in hierarchy structure in report. But list of values which were available before are missing. I tried uploading the list of values by pointing appropriate database field, still it failed to upload the list of values for the those parameters(prompts)
Thanks
Raghu

Reg. Company Code and Charts of account

Hi All,
I am trying to create a customer but Since there is no GL Account not able to complete the creation of Customer. I tried creating a GL Account but there also i am not able to save the GL Account becuase its throwing an error Select the Charts of Account.
I need to know what is Charts of Account means (as of what I know is the chart which shows the Profit & Loss in country specific format) and how does it link with the Company Code.
Regards,
Senthil Nattamai Sekar

Dear Senthil,
Chart of accounts
A classification scheme consisting of a group of general ledger (G/L) accounts.
A chart of accounts provides a framework for the recording of values to ensure an orderly rendering of accounting data. The G/L accounts it contains are used by one or more company codes.
For each G/L account, the chart of accounts contains the account number, the account name, and technical information.
A chart of accounts must be assigned to each company code. This chart of accounts is the operative chart of accounts and is used in both financial accounting and cost accounting. Other charts of accounts include:
Country-specific charts of accounts -
These are structured in accordance with legal requirements of the country in question
Group chart of accounts -
This is structured in accordance with requirements pertaining to Consolidation.
IMG path do define and assign chart of accounts is
SPRO>IMG>Finnancial accounting>General Ledger Accounting>G/L Accounts>Master Records>Preparations>Edit Chart of Accounts List>Assign Company Code to Chart of Accounts
I hope it will help you,
Regards,
Murali.
Edited by: Murali Mohan.Tallapaneni on Jul 24, 2008 10:36 AM

ATM Industry Chart of Account Structure

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