Financial Process

Experts,
I have a situation and I would like to get your opinion on it.
We a process where receive grown produce in SAP as inventory. As it is not purchased we do raise a Goods Receipt for it. This will have the following GL Entry :
    DR : Stock Account
    CR : Stock Offset Account
The produce is then consumed and we have to expense it out against a specified expense account by raising a goods issue. the GL Entry would ideally look like this : -
    DR : Expense Account
    CR : Stock Account
My question is , will the entry in the CR : Stock Offset Account be left hanging ? Is the above accounting procedure correct ?
Regards,

Hi
From where ever you receive Grown Produce, you owe them something. in ideal cases its money.
if so
then
Off Setting Account Dr
Bank / Cash Cr
Or if you are not paying immediately then it would be
Off Setting Account Dr
Vendor / Grown Produce supplier Cr
In your Case The Offsetting account has to act as Clearing account. Or will remain as Liability to Company
Cheers

Similar Messages

Claim processing - Financial processing

I am working on claim processing and know about it as below
1. Create Claim
2. Plan cost to it manually or by using costing variant
3. Assign the vendor/contractor as a partner
3. Approve the claim
I understood that there is one BADI, which if activated then system will create Internal Order once claim is approved. Now i am confused about the following -
1. The claim can be for collecting/taking cost from the contractor. It is like debiting the cost to WBS element. How this financial transation is carried out?
2. The claim can be for paying the amount to consumer or contractor for any damages to them or lapse of the contractual terms. This scenario is crediting the cost on WBS element
Can anybody guide me on how the above scenario works into SAP i.e. How the internal order is processed further to capture the above requirements.
Thanks in advance

Hi,
For Claim handling.
You can create the notification in CLM1 Transaction.
The different types of notifcation are Internal Claim & External Claim.
The Patner types are Vendor & Customer.
Here you can create the notification & Assign the WBS to that claim.If it is internal or external claim the WBS will get credited or debited accordingly.
Here you can give the reference Purchase documnet Or the Sales documnet for the claim where the Customer or vendor will copied automatically from the documnet.
If it is vendor then your claiming from vendor to your company.
If customer then you are giving the claim to customer.
Both will get updated to WBS automatically.
Here the Approval scenario also available.
Regards,
Raj

Get Outbound delivery No. for Process Order

Hi,
I need to track Outbound delivery number from process order number. In Process order transaction (COR3) i couln't see delivery number anywhere. Also i tried querying LIPS table with order number , but this takes huge time .
I could see the process order number under 'financial processing' tab inside outbound delivery(VL03N) at item details level.
Any transaction or table where i could trace outbound delivery number from process order number directly?(Table is preferred solution).
Please guide.
Thanks in advance.

hi,
just check out in ur system in TABLE LIKP
LIKP-TERNR ---> is ur order number for entry in AUFK
just cross check this with AUFK-AUFNR
the total sequence is
AUFK-AUFNR = LIKP-TERNR
= LIKP-VBELN
LIKP-VBELN IS UR DELIVERY .
hope this helps ..
regards,
Vijay
Message was edited by:
vijay k

Are more & more financial users turning to Excel based integration tools?

The Best of Both Worlds
Link the Familiarity of Excel with the Power of SAP ERP Financials
Many financial professionals use Microsoft Excel to support their financial processes and, typically, they tend to rely on IT to create any uploading templates, queries, and reports from their SAP systems. Z Option and Excel4apps have teamed together to offer SAP ERP Financials end users quick and simple ways to manage their data in a Microsoft Excel-based environment. These Excel-based tools facilitate rapid user adoption and acceptance, allowing financial professionals to use their existing Excel skill sets to create financial reports without having to constantly rely on IT.
SAP insiderProfiles:
deleted

I have confirmed that this item is a known issue. Microsoft placed a trouble ticket with Apple in 2001 on this issue. As of this writing it appears that the problem will be resolved in the forthcoming Leopard release by Apple.
G4 Mac OS X (10.4.7)

Hyperion Essbase - Exciting Job Opportunity in Financial Services in NY

Moody's Corporation
Hyperion Business Systems Analyst
New York
Company
Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to stable, transparent and integrated financial markets. Moody’s Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities and Moody's Analytics, encompassing the growing array of Moody’s non-ratings businesses including Moody’s KMV, a provider of quantitative credit analysis tools, Moody's Economy.com, which provides economic research and data services, and Moody’s Wall Street Analytics, a provider of software for structured finance analytics. The corporation, which reported revenue of $2.0 billion in 2006, employs approximately 3,400 people worldwide and maintains a presence in 27 countries. Further information is available at www.moodys.com.
Responsibilities:
The Hyperion Business Systems Analyst’s role is to plan, design, develop, and launch efficient business, financial solutions in support of core organizational functions and business processes. You will provide functional and development knowledge in designing Hyperion System 9 Planning solutions to meet business requirements. You will need to develop proficient knowledge in related applications within business areas and provide ongoing production and application support. Using your strong interpersonal skills, you will establish and maintain strong relationships with key applications and infrastructure teams.
The candidate will have 3+ years of experience working with Hyperion applications, specifically Hyperion Essbase and Reports. Experience working with the business to help define and simplify business processes & requirements in the area of Financial Reporting. Strong analytical, documentation, and problem solving skills are essential, as well as the demonstrated ability to work on multiple tasks simultaneously with multiple business partners. Perform requirements analysis and work with development resources, both internal and external, to implement system-modification/application-development of Hyperion System 9 Planning to meet the business needs; Lead and coordinate small project teams; Maintain system applications and interface points; Provide development of functional skills in others through active knowledge sharing
Qualifications:
- Bachelor’s degree in Computer Science, MIS, or related and 5-8 years of work experience with 3+ years working with Hyperion applications.
- Strong knowledge of Hyperion Planning Application including Essbase, Planning Web, Reports
- Extensive financial process and functional knowledge
- Demonstrated project management, work planning and prioritization skills
- Ability to operate largely independently
- Analytical and assessment skills
- Proven experience in providing system support and direct contact with users to solve issues with business applications
- Excellent verbal and written communications skills
Application:
Please send resumes to [email protected]
This is a full time opportunity.

Hi John,
Thank you for your reply..sorry for the incomplete information..This is windows XP OS .
Yes after running the installtool.bat , i am not getting any screen.
What I did was ..after downloading the software, i manually copied all the folders that are available in assemblies folder(essbase , planning , foundation dowloads etc) in to systeminstaller -> assemblies folder and I hit the installtool. As you said now I will unzip all the zip and I will keep it in one home directory and I will try...Please correct me If I am wrong...
Thank You!!!

ECC 6.0 AP vs SRM Invoice processing

My client has implemented SRM on it's own instance and is in the process of implementing ECC 6.3 on it's own instance. The question being debated is where to house SRM's Invoice Processing.
My recommendation is to keep all financial process in the ECC instance. Does anyone know if there is an SAP recommendation for this scenario?

The choice depends on your scenarios/requirements - classic, extended, or decoupled. It makes no difference in FI module, the payment cycle will be the same. If invoice is entered in SRM, data is passed to ECC via BADI/BAPI's.
The pro's and cons are available in SAP SRM documentation and SAP Press book 'The Consultant´s Guide to SAP SRM'.

Difference Between SAP ERP Financial & SAP Business One ERP?

Hi Everyone
I am very new in the world of SAP, I just want to know what is the difference between SAP ERP Financial and SAP Business One???
Thanks in advance
Cheers

Hi Farooque,
Welcome to SDN.
SAP ERP Financial
SAP ERP Financial provides a complete financial management solution for a broad range of industries. It's the leading enterprise software solution for accounting, financial reporting, performance management, and corporate governance.
The software solution offers depth of functionality in accounting, reporting, analysis, financial supply chain, and treasury management. Robust financial and management reporting, plus internal controls and documentation of all financial processes and transactions, ensures the highest levels of business analysis and governance.
It provides industry-leading support for local market requirements, languages, and currencies. It also supports a broad range of industry-specific processes and is compatible with all SAP industry solutions. Its scalable and open architecture is built for multinational organizations and connects financial management with existing business systems.
SAP Business One
SAP Business One is is an integrated, affordable, business management solution built from the ground up to meet the immediate and long-term needs of small and midsize businesses (SMBs). From general ledger and banking activities to service, sales, and inventory operations, SAP Business One provides all of the functions you need to gain greater control over your company and succeed in todays competitive business environment all in one easy to use, customizable, and scalable solution.
SAP Business One Financial Accounting delivers tools and reports that enable you to manage all financial processes, including:
- Chart of accounts -- Allows you to define all accounts and their hierarchical relationships
- Journal entries -- Allows you to enter or find manual journal entries and automatically allocate each transaction to a project or profit center
- Transaction templates -- Enables you to save time and prevent mistakes when entering manual journal entries
- Recurrent journal transactions -- Lets you create your own set of recurrent transactions, including automatic frequency reminders
- Exchange rate differences -- Adjusts foreign currency accounts to the changes in your local currency
- Trial balance report -- Displays account balances and transactions, enabling you to view all your financial reports in any desired currency and in each detailing level
- Profit and loss report -- Displays income and expenses in the conventional way used by accountants
- Balance sheet -- Displays assets and liabilities in the conventional way used by accountants
- Comparative reports -- Allows all reports to be displayed in a comparative view between months, quarters, years, or any other period
- Budget -- Helps you define and track your budget in any currency and view a summarizing budget report, which compares the actual versus the planned figures
- Financial reports designer -- Gives you the power to create unlimited financial reporting templates
Hope this will help.
Regards,
Ferry Lianto
Please reward points if helpful.

Financial Module Map

I've been searching for a Flow chart for the default financial processing inherent to the Financial module, but can't find anything. I can find small subsections of process flows, but I would like to see one that covers processing as it pertains to the main sections of AP, AR, Purchasing, Receiving, GL and the other commonly used submodules within the Financial module. I've searched external to Oracle and I looked at the Oracle PDF library as well and I can't find it. It must exist, but I've not had any luck finding it. Any direction in providing a processing map would be greatly appreciated.
Thank You,
AJA

Guys,
I am searching for any simple doc/presentation which will briefly explain the process flow from AR to Cash Management. Can you plz send me any such thing. Thanks.
Plz mail me that if possible.....[email protected]

Letter of Credit (Urgent )

Hi All,
I needed to know if anyone has worked on letter of credit or have dealt with payment gurantee procedure configuration.
Define and Assign forms of payment guarantee has 5 different configs. First one, Define payment guarantee schema - This part of this configuration controls the sequence in which system assign the sales document ITEMS to payment guarantee procedure. I want to know where actually we can see these sequences happening. I looked at the sales order (at the item level) but system is only picking payment guarantee procedure and form of payment gurantee. I don't see any sequecial order in which I set the config.
Any input will be great!
Regards
Navneet Kaur Bhatia

Hi Navneet,
Letter of credit configuration is same as bill of exchange, with small changes.
Hope the following link is useful to you:
http://help.sap.com/printdocu/core/Print46c/en/data/pdf/FIBP/FI-AP-AP-BE.pdf
also: Process Of Letter of Credit for Imports : http://www.sap-img.com/financial/process-of-letter-of-credit-for-imports.htm
Pls assign points as way to say thanks
Message was edited by:
Ravi Rana

How can I use a GL for multiple Cost Centers?

Hello all,
I would appreciate your comments on the following issue. POINTS AVIALABLE. I have setup several cost centers in my Sandbox. The cost centers represent departments that my client has eg Finance & Accounting, Marketing, Shipping/Warehouse.
I have created cost elements for the P&L accounts using OKB2, OKB3, SM35. My client sometimes has situations where they use the same GL for several cost centers. For example, the Freight Expense GL acct is used by Shipping/Warehouse cost center. However, someone in the Accounting/Finance cost center could also use that same GL account as well if they were shipping some documents. I cant use OKB9, since the GL is not used exclusively by the Shipping/Warehouse Cost Center.
If, for example, we create a Sales order, I want to be able to specify somewhere that the freight for that SO must go to the Shipping/Warehouse Cost center. Is there a field in an SO, Delivery document or billing document where we can tell the system that this freight is being used for Shipping/Warehouse cost center?
I know if the Accounting Cost center uses the Freight GL, we can specify the Cost Center in FB50, so that is not a big concern.
Thanks in advance!

Hello Sunil,
Thanks for your response. I tried go to VL02N and selected the line item and then went to 'GOTO'-- 'Header' --'Financial Processing'. I don't see a field 'Cost Center'. All I see are the following:
Billing block
Billing status
Totals status
Paym.guar.proc.
Financ.doc.no.
Opening date
Validity end
Billing Date
Billing date
Depreciation
PresentDate
Number of days
But if I select the item, won't the whole cost of the item be sent to the cost center? I am trying to just get the Freight charged on the item to get posted to the Shipping/Warehouse Cost center.
Please advise.
Thanks.
Message was edited by:
United 99

Posting to Expense G/L through Delivery note

Guys/Gals,
I need to give some goods free and the Cost of these goods should be posted to expense GL which has Cost center as mandatory. Now in OBYC for that mvt type I assigned this GL, while making PGI it is giving me an error "Account 12345678 needs an assignment to a CO object". which is obvious that it needs a cost center. Now I want to give cost center in financial processing tab at item level in delivery note. but, it is greyed out. I need to activate it. please post your comment/hint on how to activate it.
regards,
MAM.

Hi,
Please goto T.code FS00 enter there you can find edit cost element tab then clic there you can maintain for Account 12345678 cost center.
You can use KA01 T.code also.

Error in VL02N: Business Area 701 does not exist

Hi experts,
There's an error that occurs while trying to post a delivery in VL02N, a display log is opened with the message "Business Area X does not exist", the Business Area "1701" is already created, nevertheless, when I try to post the delivery I cheked the Business Area in the Financial Processing tab and it appears as "701" instead of "1701".
I hope any of you can help me.
Thanks in advance
Eloy Venegas

hi,
For the Sales Area, check the rule for determining the Bzness Area(S&D>Basic Functions>Account Assgmnt/Costing>Business Area Account Assignment>...) and make sure ur bzness area '1701' is assigned to the sales area/or any combination that you've defined in the rule.
Let us know, if this helps?
Reward, if helpful.
Rgds,
Raghu.

Problem with Free of Charge Sale Returns against Cost Center

Dear All,
The problem is related to Free Sales which is as follows -
I have issued free of charge against Cost Center & now I want to know whether any process is there or configurations can be done to return the free of charge issued goods along with the cost center. As in the order in header level while doing return the cost center is not getting reflected.Again in the outbound delivery creation mode also at the item detail level under the "Financial Processing" tab the cost center field is present but it is greyed out/ inactive.
Please suggest what are the configurations needed to create returns of the Free Of Charge goods against Cost Center.
Looking forward to early replies.
Thanks & Regards
Priyanka Mitra

Hello Mr. Lakshmipathi,
First of all thanks for your help.As per your suggestion I have maintained the Cost Center against the Order Reason in OVF3 and it is getting reflected in the Sales Order but whenever I am keeping the field of Cost Center blank in OVF3 the "Cost Center " is remaining inactive & not even displayed in Sales Order.Instead the system is asking for WBS element.
Now I want to know is there any configuration possible so that the Cost Center field will be reflected in either Sales or Delivery Order as blank space & not greyed out which will be filled up manually.
Plesae suggest.
Thanks & Regards
Priyanka Mitra

Are the oracle DBa's seeing an end to their career

It's been 2-3 years i am working as an oracle dba in a mid range shop and i was pretty happy with it. After having the satisfaction , I was always worried about the future of an oracle dba. I always heard sql server and db2 are much much better than oracle as they are less complex to administration and their cost is less. Though the oracle people would talk about performance and scalability but with the recent releases , those db have overcome those problems. The problems for oracle dba are coming from several ways:
1.Companies are shifting for sql server or db2 as for low cost and low required of man power.
2.Oracle itself becoming automated.
3. Company like IBM offering main frame solution with free db2 database for the entire data center.
4.With the concept of Cloud computing storage would be third party location , where few employee can take the responsibility.
And..many moreeee...
It gives me a COLD feelings what would i be doing in 3-5 years from now and how could a dba would evolve himself with the change??? I hope this time i am not right.. all the points that i showed is wrong...
Regards,

user11181920 wrote:
In next N years ultimately everything in RDBMS will be automated.
This is a common trend and Oracle is leading flagship in it.
Ultimate goal, as I see, is to eliminate DBA, minimizing cost of ownership.
This will attract business to such products - self-managed software.
I do not see it to happen tomorrow, though. But it is going there.
Yeah, well 30 years ago the experts were predicting the end of the need for programmers (the old term for 'developers'). "End User Computing" would put the power in the hands of the business users and eliminate the entire IT department. No I'm not exaggerating. That was the prediction. And people like you were insisting it would come to pass.
You don't even have to go that far. Look at the predictions for the 'paperless office' . . .
Many here will argue with me, but look of the definition of DBA
http://sqldbpool.com/2008/12/22/dba-roles-and-responsibilities/
>
DBA Responsibilities
Installation, configuration and upgrading of Microsoft SQL Server/MySQL/Oracle server software and related products.
Evaluate MSSQL/MySQL/Oracle features and MSSQL/MySQL/Oracle related products.
Establish and maintain sound backup and recovery policies and procedures.
Take care of the Database design and implementation.
Implement and maintain database security (create and maintain users and roles, assign privileges).
Database tuning and performance monitoring.
Application tuning and performance monitoring.
Setup and maintain documentation and standards.
Plan growth and changes (capacity planning).
Work as part of a team and provide 7×24 supports when required.
Do general technical trouble shooting and give consultation to development teams.
Interface with MSSQL/MySQL/Oracle for technical support.
ITIL Skill set requirement (Problem Management/Incident Management/Chain Management etc)
>
Well, that's ONE "definition" of a DBA. It's far from "the" definition.
I'll tell you what. I've actually sat on committees that drew up lists like that. I can tell you first hand that while a lot of things on the list may look legit, there is also a lot of pressure just to fill up the list with as many things as possible in order to justify head count to the bean counters. You could just as well add 'weekly cleaning of the left-hand smoke shifter.'
Then lets look at them one by one:
Installation, configuration and upgrading of Microsoft SQL Server/MySQL/Oracle server software and related products.How often Installation happens? Once for one new app. Usually app vendors have recommendations that DBA should follow. So, what is DBA's role here? Start installer and to follow.
Configuration and upgrading will be more and more automated.
Except the app vendor left out critical details they didn't think were critical because they don't understand the database. Or have bogus 'requirements' because they don't understand the database. Or their recommendations were based on how they did it in their pristine development lab and they never even knew about critical dependencies that might not exist outside of their lab.
Week before last I spent 50 hours working on installing a new database based on the app vendor's specifications ....
Evaluate MSSQL/MySQL/Oracle features and MSSQL/MySQL/Oracle related products.Again, how often? When new App is about to be created and designers need to choose which DB they will need.
And then they proceed to develop on rdbms-A using best practices they learned from rdbms-B -- which turn out to be worst practices on rdbms-A. And only when they go live do they discover that their design doesn't scale because they tried to re-invent (poorly) functionality built into the database.
Establish and maintain sound backup and recovery policies and procedures.Again, how often yo need to establish policies and procedures? Every time you put in a new app with a different SLA.
Backup itself is 100% automated already today. Only if you buy off on the lowest common denominator.
Recovery is close to 100%.Oh? Go spend some time in the RMAN forum ...
And even if it were close to 100%, 'close' only counts "when playing horseshoes or hand grenades."
Most of enterprise backup software support backup and recovery of major RDBMSs.
Just specify a date "from" and click Go.
A little bit complex with RMAN. You have to type(!) RESTORE DATABASE; RECOVER...
Until the cause of failure was something the automation didn't anticipate. Or you then discover that your 100% automated-out-of-the-box backup didn't work the way thought it did. Oh, it 'worked' all right. Just not the way you thought it did.
Take care of the Database design and implementation.Where? Only in development shops.
Depends on what you mean by 'database design and implementation'. And most companies have some sort of development, even if they don't recognize it or call it that.
Implement and maintain database security (create and maintain users and roles, assign privileges).Centralized enterprise security (Domain etc) are in use. Many apps have their security and use basic RDMS security to login App running user.
Until such time as "nothing changed" but "I can't connect to my database".
Database tuning and performance monitoring.Greatly automated. Ultimately will be 100% automated.
Until it's not. See my comment above about developers.
Application tuning and performance monitoring.There are enterprise solutions for monitoring. Also Oracle has Grid Control.
Application tuning can be done by app vendors.I've NEVER met an app vendor that knew **** about how their app impacted performance. 100% of them throw it back on the DBA. I had an app vendor tell me that Oracle was incapable of sustaining more than five concurrent connections.
DBA cannot tune App itself. It may only modify some things in DB that will perform better. And this will be automated.
No, because the database cannot anticipate what stupid things the vendor may do. And it can only work with what it is given.
Setup and maintain documentation and standards.How often?
As often as anything that is documented, changes. As often as it is discovered that something that should be documented, isnt'
Plan growth and changes (capacity planning).Well, DBA should do it. But, again, how often?Should be almost constantly. Given budget cycles, you can't wait until your disk is 98% full before asking to buy more.
>
Work as part of a team and provide 7×24 supports when required.Where such 7×24 support policy exists.Look at my comments above about how these lists get created in the first place.
I can tell you from experience that such 24x7 policies are more common than you seem to think. Just about any financial processing business, logistics and transportation business, telecom business ...
And what from above should be supported during a night by a human?
I see just a restore/recover DB, because a human should make a decision "From which Date".
Do general technical trouble shooting and give consultation to development teams.Yes, in Dev shops. Most of shops are not development shops, though may do custom and ad-hoc reporting and small app development. Do they need a dedicated DBA for this? I doubt. Either a developer will be (self)trained to do some DBA's tasks or DBA will become a SQL developer in that team.
Interface with MSSQL/MySQL/Oracle for technical support.Oh yeah... :)
ITIL Skill set requirement (Problem Management/Incident Management/Chain Sure, two days of training to know basics of ITIL to understand what manager of Helpdesk (Support and Incident Management Team) is talking about.
So, I see DBA should go in of 3 directions:
1. Very deep technical expert that can help in some rear and difficult cases. How many of them will be needed?
2. SQL/ETL/etc Developer. There is not much automation in software development yet.
3. DB Design and Architecture. How many of them will be needed? May be more that #1.You seem to think that automation will solve everything. Take that to it's logical conclusion and it will put all of IT out of work. See my comment above regarding "End User Computing'. What you forget is the human element. Not the human DBA trying to do things you think are or soon will be automated. No I'm talking about the humans that create the kinds of problems that automation is *always* trying to catch up with. Pointy Hair Bosses dreaming up new requirements. Bean counters refusing to by an additional 10 gb of disk. Developers that refuse to learn and/or follow best practice. Developers that can't think beyond clicking an icon to create a table. Developers that treat an rdbms as a data dump and try to use Java to re-invent every bit of functionality the db already provides. Systems administrators that delete all of your online redo logs because he needed disk space and 'log files are expendable'. End users that forget their password *EVERY F****** DAY!*
No, I don't spend my time managing extent distribution like I had to do with 8i. Yes, a lot of things I had to do manually in 8i are now successfully automated to the point I don't have to do them .. or have simply been engineered out of the system. But no amount of automation will overcome the ways humans (Executives, managers, supervisors, other IT team members, and users) figure out how to bring a system to its knees.
This whole discussion reminds me of Dippin' Dots. "The Ice Cream of the Future". Well, it's been "The Ice Cream of the Future" for almost 30 years ....
Edited by: EdStevens on Oct 1, 2012 8:55 PM

Copy function for "payment terms"

I have payment terms setup with T-code MK01/MK02. After we changed the payment term with transaction XK02, the PO didn't pick up the new payment term while creating a new PO.
Any idea that we can setup it up to pickup the one changed by XK02 instead of the one set by MK02?
Thanks!
Donald

mk01/mk02 is maintenance of vendor master general data and purchasing org data
xk01/xk02 is maintenance of vendor master general data, company code data and purchasing org data.
So in general there is not difference if you maintain the payment terms in purchasing org data view with mk01/mk02 or xk01/xk02.
But I guess you maintained payment terms at company code level in XK01/xk02 and kept the payment terms at purchasing org level unchanged.
No the purchase order will never take the payment terms entered in company code data view, the PO will always take the payment terms from the purchasing org view.
Maintian it equally.
the payment terms from purchasing org data view are used in purchase process, the payment term from company code data view are used in financial process, where you dont have any PO.

Financial Process

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