Clear GL Account Process
February 22nd, 2009
This refers to the process of clearing GL accounts using both automatic clearing program as well as manual clearing.
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Cash Journal Process
February 21st, 2009
This refers to the process of making payments via petty cash or cheques.
Common Business Requirement
Multiple cash journals and multiple currencies will be defined within the system.
Cash journals will be used only for petty cash expenses. Entries will be passed by the cashiers without updating the GL. The entries that are passed will be posted after approval. Expenses incurred for employees should be captured using cost center. Customer or vendor transactions without the special G/L indicator will be defined in the cash journal.
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List of posting keys
February 21st, 2009
This is the complete list of posting keys: Read more…
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Journal Entry Process
February 21st, 2009
This refers to the process of making adjustments via journal entries in the GL module.
Common Business Requirement
Journal entry processing is used to maintain all the entries made directly to the GL module. Therefore, all the transactions which are not relevant to Accounts Receivable (AR), Accounts Payable (AP) and Assets Management (AM) are to be processed as journal entries in the GL module.
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Glossary of SAP FI Terms
February 21st, 2009
Here is the list of common SAP Financial Accounting term:
(document) line item – The part of a document containing information on a single item. It always includes an amount, an account number, the assignment to debits or credits and further specifications which depend on the business transactions to be posted.
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