SAP systems uses the financial statement version (FSV) that assigned to the company code when creating the balance sheet and P&L reports.Connect to your SAP system. New S/4HANA’s users such as FGC are already leveraging simplified ERP business processes, financial management and HR modules, as well as SAP Financial statement versions helps to group all the related accounts to get the Balance sheet and Income statement for the purpose of reporting. SAP currently boasts 13,800 S/4HANA customers as it acknowledges SAP ECC (SAP ERP Central Component) users’ need for a more lenient timeframe and announces a change to its maintenance policy.
Sap Ecc Version How To Maintain FinancialStmt.Version: – Enter the new four digits key that identifies the financial statement versions in SAP. Here you can create new versions by copying from existing standard version or creating new version with your own settings.Click on “ New entries” to maintain new FSV.Step 3: – On new entries screen, update the following details. So you can use those standard version if your business requirements are limited or you can create new FSV as per business requirements.The following SAP FICO training tutorials guides how to maintain financial statement versions in SAP Fico step by step. You can maintain the financial statement versions by using the following navigation method.SAP Implementation Guide > Financial Accounting > General Ledger Accounting > Business Transactions > Closing > Document > Define Financial Statement Versions.What are the configuration to be done before creating Financial Statement VersionsFinancial Statement Version configuration StepsStep 1: – Enter transaction code “OB58” in the SAP command field and press enter.Step 2: – On change view “ Financial Statement Versions” Overview screen, a list of standard versions are displayed. SAP systems has come with standard financial statement version for all countries. The below list gives you the versions of SAP ERP releases: SAP Version.You can maintain financial statement versions as per organization requirements.Sap Ecc Version Code When CreatingChart of Accounts: – Enter the COA that you want tag to financial statement version. Its recommended to to check this option so that item keys are assign automatically. This indicator determines the item keys to be assign automatically or manually. Item Keys Auto: – Item keys are linked to financial statement items in the FSV. Language: – Update the language key, in which language your financial statement to be maintain. Book me and my likkerIt helps to maintain alternative group costs.After maintaining all the details, click and save button, and then select your request number and save the configured data.Step 4: – Click on “Fin.statement items” to configure the financial statement items.On change financial statement overview screen, by default we get 7 hierarchical nodes. Fun.area.perm.:– Select this indicator to use the functional area organizational elements. This configuration is valid only if we are using consolidation functionality. Similarly creates items and sub items for other nodes and assign General ledger Accounts.Thus Successfully we have configured financial statement versions in SAP.
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