After the journal voucher, we’ll see how to book an Accrual or Deferal document. Now here we’ll use a transaction code FBS1, and the SAP menu path is Financial Accounting, Journal Ledger, Periodic Processing, Closing. Under that, we go to evaluate and click on the FBS1 transaction [...]
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Hello everyone! In today’s session we will learn about transactions in SAP FICO. Now, before moving ahead with this session, let us summarize what we have learned from our previous session that was on Masters which are used in SAP FICO model. Now under Masters, we have covered about [...]
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Here, we come to an end of this particular session which is Masters on SAP FI module. Now let us summarize what we have learned from this session. We have seen general ledger account codes, how to create the account codes for the general ledger using the transaction code FS00, how to extend [...]
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After maintaining the asset master codes, next we will maintain the asset sub number codes. Now here the path is accounting, financial accounting, fixed assets, then asset, then create. Then under create, we have sub-number, and then we’ll click on the transaction code AS11. Now what is an [...]
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After vendor master codes creation, next we’ll see creation of customer master codes. Now here we’ll use a transaction code FD01 for creation of a customer master code. Now here the SAP menu path will be SAP menu, accounting, financial accounting, then accounts receivable, then master records. [...]
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After creation of primary cost elements and secondary cost elements, next we’ll see creation of vendor master codes. Now, for vendor master code creation, first we’ll enter the transaction code FK01 in the command field and press enter. After that, we will have to specify the company [...]
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Now next, we will see how to create primary cost elements. For creation of a primary cost element, we’ll use the SAP menu path, which is SAP menu, then accounting, then financial accounting. Under financial accounting, we’ll go to controlling, then under that, cost element [...]
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Hello, everyone. In today’s session, we will learn about Masters in SAP FICO model. Now before moving ahead with this session, let us summarize what we have learned from our previous session that was on overview of an SAP FI Module. There, we have learned about financial accounting and [...]
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Next, we’ll see cost center. Similar to profit center, we’ll see how to create, change, and display the cost center. An organizational unit within a controlling area that represents a defined location of cost incurrence is a cost center. The requirement at Greaves is to capture the [...]
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Next part is profit center. A profit center is an organizational unit in accounting that reflects a management-oriented structure of the organization for the purpose of internal control. When we analyze operating results for profit centers using either the cost of sales approach or the period [...]
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