SAP Financial General Ledger Special Transaction

SAP Financial General Ledger Special Transaction has a down payment process as a integral one.
It has some major parts inside it as

  • Down payment request: A down cost request is a famous item. It does not change any account balances. You'll give you the chance to can dun and pay routinely on the premise of down cost requests.
  • Down payments acquired: A down cost obtained represents a legal responsibility on your books. It thus might not change the stability of the "Receivables" reconciliation account. You manage down payments acquired in the different G/L account "Down Payments Acquired" in the parables area of the steadiness sheet.
  • Customer invoice: When goods are delivered or services performed, the shopper receives an invoice.
  • Apply Down Fee to Invoice: At this point the down payment is no longer a down payment.Make the offsetting posting for it. Then it can be posted as a fee to account.
  • Clear the down cost out of your accounts.The process for down funds paid is strictly the identical as that for down payments received.The down payment is definitely made with the fee program.
Bill of Exchange

Payments of change are a type of quick-term financing. By paying an invoice by bill of trade,your customer receives an extended cost period (three months, for example). If you wish, you may move this bill on to third parties for refinancing . It can be discounted at a financial institution prematurely of its due date by which case the financial institution would charge you interest. See the web help for more information.Payments of alternate are treated as special G/L transactions in the FI system. These transactions are subsequently mechanically recorded individually from other transactions within the sub-ledger and are posted to a special G/L account within the normal ledger. Consequently, you may show an outline of bills of exchange exercise at any time. You'll find a way to put up payments of exchange receivable, bills of alternate payable,and outgoing & incoming checks/bills of exchange.An example of a bill of change receivable without charges is illustrated :
  1. The receivable is recorded within the buyer's account.
  2. Customer initiates fee using invoice of exchange. The stability is now tracked with bills receivable somewhat than in normal A/R balance.
  3. The bank collects the funds from the customer's account on the date specified.
  4. The collected amount is deposited into your companies bank account.
  5. The amount is applied to the customer's account and the suitable accounts are cleared.
Additional Local Currencies

Since you enter the foreign money key in the company code area, each company code can use its own native forex to handle its accounts. That is significantly vital for worldwide company teams since subsidiaries could all use the identical chart of accounts however should manage their accounts in local currency.The account currency is the foreign money that's entered in the master file of the account. This can be the native foreign money or the account will be managed in a overseas currency.Basic Ledger accounts which are managed in a international foreign money can solely be posted to in that currency.The document forex is the forex that is entered in the document when posting.Since transaction figures and account balances of P&L accounts are up to date with the document currency, you can have a look at expenses and revenues separately per currency. With open merchandise accounts,you may analyze receivables and payables at account level by currency.

Two additional currencies can be defined for each firm code in Customizing.Additional amounts do not need to be entered manually for the additional currencies. The system calculates them using the change charge table. Depending on settings, either the replace or native forex is taken as a foundation for the translation.The forex type is a key describing a forex with regard to :
  1. Its function within the R/3system
  2. The valuation base with which the amount calculated, if you use features for multiple valuation.
You may outline the foreign money sort for the 2nd and 3rd extra local currency. The 1st local forex is at all times the local forex of the company code.Examples of foreign money types:
  1. Group currency The forex that's specified in the client desk and automatically defaults
  2. Global Firm Forex: Foreign money used for a bunch
  3. Index-Based mostly Foreign money: country-specific second foreign money that's utilized in countries with excessive inflation; used for reporting
Alternate price differences are posted within the local foreign money of the company and within the further currencies.

Exchange Rate Types

The trade rate kind determines which trade price stored within the system is used for the calculation of the extra amount fields. As with the native forex, you should use the trade price type M(common price) or another trade charge type.Cross Rates: if foreign forex translation is necessary between many various currencies, you probably can simplify the upkeep of the alternate charges by specifying a base currency. You will then solely need to specify for this exchange rate type the rates of all currencies in relation to the base currency.All overseas forex translation is then carried out in two stages by means of the base currency.Base forex = From currency lets you mange currency conversions that use the EURO as the base forex extra easily. With trade rate relations throughout the EU the bottom forex have to be the From-currency in holding with legal directives.

You possibly can calculate the financial institution shopping for and promoting charges utilizing the the average price and the spread. The spread is the distinction between the average fee and the bank shopping for price, or between the common fee and selling rates. Spreads are maintainable in R/3.The amounts of the currencies posted in parallel are saved in the paperwork and up to date in the Normal Ledger. The replace forex, the local foreign money and the group currencies are updated in the predefined ledger "00". This routinely takes place with no configuration necessary.However, if you handle parallel currencies other than the group forex you could specify by which ledgers the foreign money quantities are to be updated. The corresponding default ledger settings are made in Particular Goal Ledger. A Ledger could be outlined with the specified parallel currencies capturing the appropriate amounts. These ledgers are used for reporting.

To give you the option to view the saved currencies on the document, use the doc show, show currency functionality. The parallel currencies which have been outlined will be out there for viewing.To view all currencies concurrently, you'll find a way to define a line layout variant for currencies which are managed in parallel. There are different layouts for displaying paperwork and displaying accounts.Seek recommendation from R/3 documentation for more details on creating line format variants.

Related Posts

SAP Financial General Ledger Accounts

SAP Financial Customer and Vendor AccountsSAP Financial Open Item Clearing 
SAP Financial Correspondence

No comments :

Post a Comment