963_Scen_Overview_EN_US.ppt

8/13/2019 963_Scen_Overview_EN_US.ppt

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General Ledger Accounting with Funds ManagementOverview

SAP Best Practices for Public Sector US V1.603



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Scenario Overview – 1

Purpose This General Ledger Accounting scenario provides evaluation, implementation, and support

for the external accounting processes in ERP integrated with budgeting scenarios

Benefits Financial transactions are posted against budget records

Key process flows covered Posting General Ledger Accounts Documents General Business Processes

Displaying a Document

Displaying and Changing Line Items

Displaying Balances

Displaying the Compact Document Journal

Displaying the Document Journal

Displaying G/L Balances (List)

Reversing a Document –

Individual Reversal Reversing a Document – Mass Reversal

Recurring Entries

Processing a Recurring Entry Document

List of Recurring Entry Original Documents

Carrying Out Recurring Entries

Account Maintenance: Automatic Clearing

Account Maintenance: Manual Clearing

Purpose and Benefits:



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Required EhP3 for SAP ECC 6.0

FM-BCS

FI

Organization roles involved in process flows General Ledger Accountant

Finance Manager

SAP Applications Required:



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General Ledger

The central task of G/L accounting is to provide a comprehensive picture ofexternal accounting and accounts. Recording all business transactions(primary postings and settlements from internal accounting) in a softwaresystem that is fully integrated with all the other operational areas of acompany ensures that the accounting data is always complete and accurate.

The SAP FI General Ledger Accountant has the following features:

Automatic and simultaneous posting of all subledger items in the appropriateGeneral Ledger Accountant accounts (reconciliation accounts)

Simultaneous updating of General Ledger Accountant and cost accountingareas

Real-time evaluation of and reporting on current accounting data, in the formof account displays, financial statements with different financial statementversions and additional analyses.

The General Ledger Accountant serves as a complete record of all businesstransactions. It is the centralized, up-to-date reference for the rendering of

accounts. Actual individual transactions can be checked at any time in real-time processing by displaying the original documents, line items, andtransaction figures at various levels such as:

Account information

Journals

Totals/transaction figures

Balance sheet/profit and loss evaluations

Detailed Process Description:



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Process Flow