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SAP Financial Profit and Loss

SAP Financial Profit and Loss is a settlement of an order or venture can be an external or inside settlement. The processing of inner and external settlements is equivalent; the difference is in the type of receiver object.In an exterior settlement, prices are transferred from the order or challenge (on the P&L) to a steadiness sheet or non-operating revenue/expense account on the GL. In the above examples, the overhead value order and manufacturing orders are settled on to the relevant accounts on the GL. Within the case of the capital investment order, the asset account within the Asset Accounting subledger is updated with the asset acquisition worth, which is in flip used to update the suitable belongings in service account on the GL.In an external settlement, the GL is updated online, actual-time.The settlement of tasks accommodates the identical procedures as settling orders.

Different transactions inside CO which are related to orders and initiatives are overhead surcharges and internal settlements.Within the overhead surcharge, overhead is transferred from a cost middle or overhead order and utilized to the order or project.In an inner settlement, costs are allocated from the order/mission to another CO object comparable to a cost middle, order, challenge, and so on.These transactions are internal to CO; financial accounting just isn't up to date throughout processing.

In some cases, the GL should be updated for the postings described on the earlier pages as “inner to CO”. This could be a requirement when the CO price flows cross FI organizational models (firm codes, enterprise areas, and useful areas).The reconciliation ledger shops all cost flows within controlling in a summarized form. The reconciliation ledger represents value aspect accounting in the R/3 system.The reconciliation ledger compares the CO view of information to the FI view and allows you to automatically reconcile controlling with monetary accounting.Postings in controlling that have an effect on totally different firm codes, enterprise areas or functional areas are used to generate reconciliation postings to financial accounting via the reconciliation ledger.You may create reconciliation postings at any time. However, make certain to take action after the last relevant CO postings have been made.

n Prerequisites for reconciliation postings are:
  1. Adjustment and clearing accounts should exist in Monetary Accounting
  2. The adjustment accounts must be assigned to enterprise transactions or object types, or a mixture of these.
Utility features are available if you create reconciliation postings. These include the capabilities “Element checklist” and “Test run”.Use the period lock to lock plan and precise business transactions for a mixture of controlling area, fiscal 12 months, and version.You can choose individual enterprise transactions for locking from an inventory of all of the actual and plan business transactions.It is usually potential to lock particular person business transactions for all of the durations of the fiscal year, or all enterprise transactions for particular person periods.

Posing Payroll Results

Payroll results are posted to Accounting by manner of the FI/CO interface.

Posting date:

  1. Subsequent corrective posting in particular periods:If revised amounts are detected through the payroll run for one or more earlier periods in the current fiscal yr, subsequent posting takes place within the current period. Revised quantities for durations within the earlier 12 months will be posted into a particular interval in the previous yr, and written off to a clearing account within the current year.
  2. Month-finish accruals:If there are discrepancies between the HR payroll period and the FI posting interval, the payroll amounts are posted to the respective posting periods proportionally.
  3. Revision:The FI documents are linked to the original paperwork in HR through the HR document quantity which may be displayed in the FI document header. By double -clicking on the HR posting document, you can show detailed information on revisions, including the wage sorts posted from the payroll run.
  4. This lets you trace all postings to Accounting again to HR Payroll Accounting. Posting Payroll Results to Accounting
  5. Funds to staff:The info medium alternate program (DME) saves the employee payroll information to a diskette that's despatched to the respective bank. The contents of the diskette are posted manually to bank clearing accounts using a DME list. Tax and medical insurance payments are additionally posted manually.
  6. Using the personnel quantity: For some postings, reminiscent of advance payments and claims, it's useful to supply the employee's personnel number. This lets you control open gadgets on the GL account with FI assistance, and to manually or automatically clear accounts and archive the documents. Computerized clearing can only happen for open items with the identical assignment (in this case, personnel number).
  7. Payments utilizing HR creditors: In some nations (for instance, the USA and Canada), funds to 3rd events are made using the third-occasion remittance function. In this case, quantities on payables accounts are transferred to HR creditor accounts, and paid routinely using the cost program.

The Schedule Manager makes period-finish closing easier. It gives a cross-utility single point of entry for all transactions related to the closing process. It consists of all steps, from defining the construction of your closing course of to scheduling the jobs and monitoring the results.It gives you with all the info related for interval-end closing. All licensed employees can discover data on pending tasks, look at the objects to be processed, and schedule extra tasks. They will see clearly when, for example, monthly closing should be completed, and the previous interval is to be closed. You can use the Schedule Manager at any time to test when, and which actions are to be executed, and with which result.The Schedule Manager not only facilitates interval-end closing, it is also useful in different elements of the SAP R/three System. It assists with the definition, scheduling, execution and management of particular person,periodic tasks, and complicated processes that need to be executed regularly. The Schedule Manager gives you with a continuous overview.

On the first display screen of the Schedule Supervisor, you discover the documentation which is in a position to enable you through your first steps. (If you do not want it anymore, you switch these ‘Consumer notes off’.) The Schedule Supervisor enables you to do the following:
  1. Create a structured show of duties in activity lists. The duties will be executed periodically and by multiple user. A task record offers you with the next process varieties:
  2. Flows that might be executed within the background, which are outlined once, and executed periodically (compare with move definition)
  3. Individual jobs that may be executed within the background
  4. Applications or transactions that you want to execute individually on-line
  5. Notes as placeholders to describe duties that you don't course of within the R/3 System.
You presumably can retailer detailed documentation on each task.In the each day overview, you might get an overview of all the executed or scheduled tasks for a day. The system logs the task execution, and gives you with info on the deliberate and precise begin time, as effectively as the present status of each task. You may go from the daily overview to the monitor, to get detailed information on jobs or flows.In the monitor, you can call up detailed information on the lively or accomplished jobs and flows that had been scheduled within the scheduler.The status subject exhibits you immediately the place errors occurred. All messages that the system created during job execution are displayed in a clear list.You can go from right here to the spool record, job log, detail, and basic list.Once you check the results, you may change the system standing and provides a purpose for the change. The system logs your handbook changes.

In the movement definition you can group duties which can be to be executed in the background in a selected order.You utilize the workflow to regulate these circulate definitions.You probably can structure subflows and include them in a movement definition.Insert user selections for checking purposes.Use worklists to reduce the whole run time.Use the task list to group individual tasks. If you'll want to run sequences of jobs create a circulation definition including all dependent work items.In the worklist monitor you may view the processed objects(product cost collectors, WBS elements,inside orders, production orders, and so forth) and look at their processing status.The thing listing and message list give you detailed information about the errors occurred on the objects within the processing steps. You can analyze the cause of the error and set off the correction of the errors.Once you have corrected any errors that occurred, you can reschedule the corrected objects for processing. Restarting the movement only for the corrected objects reduces the entire runtime of the flows.

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