Outgoing partial payments for a vendor can be posted. This process keeps many documents open until the full payment completed.
Category Archives: SAP FI
A clerk can post the G/L document with the amount which is authorized for him to approve. If he needs to post a G/L document with excess amount than authorized, the document needs to be saved and send for higher authority review.
A clerk can temporarily save the G/L document in the below scenarios.
Retained Earnings account defines to be used for posting the expenditure and income of the year. It is used to carry forward the balance from the current fiscal year to next fiscal year. The balance of Retained Earnings account appears as reserves and surplus in the Balance Sheet for the year.
Incorrect document entry can be reversed and can also clear the open items. A document can only be reversed if –
General Ledger Accounts used to generate financial statements as per the terms and conditions. Financial Statement Version (FSV) is a tree that organizes and groups general ledger accounts.
The purpose of Journal Entry (JE) posting is to take a batch, validate it for consistency and create Financial Accounting (FI) documents and post those entries in various line item accounts needed for subsequent business processing.
Field status group: – Field status group is maintained in GL account. Field status group defines the fields while posting to the GL. In other words, Field status group define a field as optional, suppressed or mandatory. The respective fields will be displayed are mandatory or suppressed or optional based on field status groups when […]
SAP FI supports to create various G/L reports. The most important ones are −
After creating Field Status Variants, it needs to be assigned to company code. The link between the Field Status Variant and Company code is established through Assignment.