Balance sheet as per US GAAP

Hi Gurus,
My client wants balance sheet as per Indian Accounting standards and at the same time they want as per US GAAP also, now we configured for Indian AS, is it available in SAP or we need to create two company codes map the balance sheet.
Please let me know, if any one knows about this, how we can go ahead in this situation.
sd/-
Sreenivas.P

Hi Prasad,
Are you sure you have B1 2007B PL34? To my knowledge, the highest PL for 2007B would be < 17. To ask for the template this may not be appropriated either.
Make sure what is your current PL and ask the question that others may reply easier.
Thanks,
Gordon

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Balance sheet as per Business area

Hi gurus,
client wants business area wise balance sheet. so that I had define the 2 difference business area &i had get balance sheet as per business area. but i found that there are some stock accounts which update business area by-default & some which are not update business area properly. i couldn't understand how system behave like this?
please suggest me how to check out this issue? tell me the step how to find out the loopholes?
Warm regards,
Dhananjay Rahane.

Hello,
System get business areas from assigment customizing FI-MM.
Please call SPRO
And check customizing below.
Enterprise Structure -> Assignment -> Logistics - General -> Assign Business Area to Plant/Valuation Area and Division
Enterprise Structure -> Assignment -> Logistics - General -> Data Comparison with Sales Plant/ValArea - Div - BusArea
Further, check your material master data for division value.
Regards,
Burak

Balance sheet as per Schedule VI, Excel Reporter Templete

Hi
Please give Excel Reporter Templete of Balance sheet as per Schedule VI for SAP B1 2007B PL34
Thanks in advance
Prasad

Hi Prasad,
Are you sure you have B1 2007B PL34? To my knowledge, the highest PL for 2007B would be < 17. To ask for the template this may not be appropriated either.
Make sure what is your current PL and ask the question that others may reply easier.
Thanks,
Gordon

Report Painter: P&L and Balance Sheet as per Schedule VI

Dear Experts,
I need to create new report in Report Painter. Objective is to generate P&L and Balance Sheet as per Schedule VI through Report Painter.
Can anyone please tell me the step by step process? how to fetch related data in row and columns ?
Also please send related book or material.
Thanks in Advance.
- Nilesh
Edited by: NileshSB on Oct 19, 2011 7:47 AM

Dear Madhu,
Thanks for quick reply.
I have gone through th Sap Help stuff. I found it too much tehnical. It is good to clarify concepts. I will refer this link for conceptual clarity.
But do you have any report painter documentation with example and screenshots to solve my problem?
Already I have www.sapficoconsultant.com material of 92 pages. Apart from this please share any other documents if you have.
- Nilesh

Balance sheet per plant via profit center

Greetings!
Because of the reqt to create balance sheet reports per plant, I have assigned some of the balance sheet accounts as cost elements with CE category of 90. I was able to do this to the asset accounts but when I tried to do the same for the other GL accounts e.g. AR, AP, etc..., its not being shown in the list when I clicked the "Create batch input session" although its already included in the "Make Default Settings" list. Would appreciate any advice. Thanks.

Hi Tess Sapico,
1. Create profit center for each Plant
2. you don't have to create Cost Element with category 90.
3. what you need to do is Add all the balance sheet items for Profit Center accounting in configuration under the setting "Controlling==>Profit Center Accounting==>Actual Posting==>Choose Additional Balance sheet and P&L Account"
Here you need to add all the balance sheet accounts and P&L account which are not cost elements.
Note: If you dont have NEW GL and Document Splitting, then it is not possible to get fullfledged Balance Sheet per Profit Center (Plant wise in you case). You can only get some of the Balance sheet items like Accounts receivable, Accounts payable, Fixed Assets and Inventory in to Profit center
In anycase, if you have NEW GL in implementation, then your problem would be solved.
I can give soem more information this regard, if you have new gl in place.
Please let me know
Best Regards
Surya

Trading Parner Not Inherited to Cross Company Balance Sheet Line item

Hi,
I posted cross company document using document type that is already untick in field 'inter-company posting' and 'enter tpid'.
My accounting entries is as per below:
   Co1000   Cr Balance Sheet   $250
   Co1001   Dr Expense            $10
   Co1001   Dr Expense            $240
Upon posting, TPID only populated in the cross-company code clearing line item only. Not to all of the GL line item.
However;
1) If using the same set of data (cross company posting) whereby the Balance Sheet line is replaced with P&L account, the posted document will inherit TPID to all line item.
2) If posting in single company's book, using related party customer account with the same balance sheet as per example above, TPID is inherited to the BS line item. example is as per below:
     Co1000 Dr Customer1001   $300
     Co1000 Cr balance Sheet    $300
Is there any reason or notes that can be implemented so that for cross company transaction that contains BS account, TPID is being populated in all line item?
TQ.

Hi,
If the Trading Partner is maintained in OX16 and you are still getting this problem then, please refer to OSS Note No.:779844 and 438076.
Regards,
Kiron Kumar T.

Balance Sheet Active and passive side set up

My client wants the balance sheet as per Indian Standard that Left side Liabilities and Right side Assets how to do that please suggest.
Regards.

Hello Syed,
Thanks for the feedback. I am not quite familiar with the Indian financial report template, however by my testing, it's possible to list the Liability first in the report and then Assets following. The prerequisite is to set the Liability to Active Group because the system will list the Accounts in Active Group first and this will not affect the amount of relative account. Please test through the above steps to see if this is what you want.
Regards,
Xu Zhang
SAP Business One Forums Team

Balance sheet with 2 diff fiscal year variants

Dear All,
I am facing an issue. The Client is using Jan to Dec fiscal year but he also wants to get the balance sheet as per the indian fiscal year i.e April to March. Is there any way to do so?

Hi,
did you check the SAP notes
152888 - Different fiscal year variants in FI-AA
1493253 - Different fiscal year variants in FI-AA (II)?
There are a restrictions for different fiscal year variants in asset accounting. This also applies to NewGL.
Kind Regards,
Steffen

Balance sheet evaluation

Dear All,
1) May I know balance sheet evaluation monthly activity will be reversed whereas year end will not be reversed? The practice is just like F101 balance sheet evaluation on open item?
2) Also the balance sheet currency only in local currency or can be in foreign currency.
3) what will be the impact if not run balance sheet evaluation?
Thanks

Hi,
There is no taker for this thread. Let me try to gain some points.
1) It denotes stock valuation. Stocks have to be valuated at the time of preparation of balance sheet as per accounting standard which says the stocks should be valued either at cost or market value whichever is lower.
2) Hence, for the case of inhouse manufactured product, the actual cost shall be taken. The actual cost is arrived by adding the per unit average variance for the whole year plus standard cost estimate.
3) This exercise shall be done once in a year as on the date of balance sheet.
4) Query not clear. Anyway, let me try. As per accounting standard, the actual cost of the inhouse manufactured materials are arrived at by suming up per unit variance plus standard cost estimate.
Trust this helps much!
Cheers!
Edited by: Ashok Singh on Oct 14, 2008 9:58 PM
Edited by: Ashok Singh on Oct 14, 2008 9:59 PM

Balance sheets

Actually we preparing the balance sheets as per the companies act aswell as income tax act
here my question is what is the Difference between these two?
and how the values are differentiated between these two?
we are posting the values same p&l account and same way in to Balance Sheet itoms also?
where the values are differentiated?
give me the exact point of different

To report differently first you need to create financial statement version according to Co act as well as IT act.
To create FSV check transaction OB58.
Once you crated FSV use transaction F.01 to execute the same.

Can we take Balance sheet and profit & Loss account as per plant & Sales

Hi Team,
Can we take Balance sheet and profit & Loss account as per plant wise & sales office wise also.
Regards
JKM

hi jkm
Hi
This can solve your issue could be helpful to you.
Go to this menu path for report painter
Accounting - Financial Accounting -Special Purpose Ledger - Tools - Report Painter - Report Writer - Report Group - Display
T code GR53, GR55
Enter the report group you want for b/s and p/l statement and choose execute and give the report group again and choose execute.
After that give the year, period from to, company code, fiscal year, ledger and plan version 01 and choose execute
Choose in front of the item Production Variances. The system displays the account to which the line items were posted. Material consumption is posted to account OEM Products Consumed.
To call up detailed data, double-click on account
In the dialog box, choose Actual Line Items for Table GLFUNCT, and then choose
To display the original document, simply double-click on it to call up the detailed data. In this case, the original document is a Materials Management document.
You document is listed under the FI-SL document number that you noted in the step Display Goods Issue Document. Select the Doc. info tab and simulate .
Select one of the items relevant for material consumption by double-clicking it. This should be item 002, 004, or 006.
Choose enter go back and cost of sales appear now switch to your first session.
kind regards
Arman
sap fico

Balance Sheet template as per Profit Centers

Hi,
Is it possible to create a Balance Sheet template as per profit centers?
Just like we have th cost center hierarchy....
Please comment.
Regards

Hi Vishal,
The concept for Profit Center is designed specifically for P&L. There is no relationship with the Balance Sheet. This applies to all systems not only to B1.
Thanks,
Gordon

Local Gaap balance sheet unbalanced

Hello all,
I am after some hints to tackle so following problem:
The local GAAP balance sheet (obtained with S_ALR_87012284) is unbalanced. Most probably it comes from the FI-AA ledger.
I went through note 104567 but it only explains a fraction of the difference.
The US GAAP balance sheet is however fine.
We are on 4.6C.
Help greatly appreciated
Alex

Check FSV at OB58. Probably that FSV may have un assigned accounts
Srinivas

Preparation of balance sheet by US Gaap & Schedule VI

Hi
We have created two retained earnings accounts
1) One account has been assign for all Gl accounts associated with indian requirement
2 ) the other RE assign to only for GL accounts associated with US Gaap
How do we go ahed & Prepare the balance sheet
Please guide
Regards
Roobal

hi,
You can use two different chart of accounts for this purpose. One is your operating chart and second one is country specific COA.
Regards,
Nitin Aggarwal
Please assign points if helpful.

Profit center wise P&L and Balance Sheet for 12 segments as per AS-17

Hi Experts,
I am woking in ECC 6.0. My Client has 12 Segments. 10 Cost Centers. They want segment wise P&L and Balance Sheet. Pl advise how to map..The options are :-
1. Use segment reporting - if i define 12 segments = 12 profit centers, then the problem is one to one assignments of profit centers to cost centers as there are only 10 cost centers and profit centers will be 12.
2. Should i go with Business ?
3. Will the Profit Center approach help ? then again one to one mapping to cost centers is not possible...
Pls help...its urgent
Regards
Pyare

Hello
This is posible if you use the New GL functionality in ECC 6.0
The New GL functionality works on the totals table FAGLFLEXT instead of the GLT0 which was used in the Classic GL. The Segment field is a standard field in the table FAGLFLEXT.
For creating segement wise financial statements,
1. You have to first define the segments in the enterprise structure
2. Link the PC to the segments (you have field for segment in the PC master data)
3. The standard report (S_PL0_86000028) will generate the segment financial statements for a FSV.
Thanks,
Anvesimo

Balance sheet as per US GAAP

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