Tag: GL

SAP GL Document Splitting Part I

As alluded to in my last post, the document splitter plays a crucial part in the derivation of profit center and consequently in the preparation of management financial statements. Now we’ll start to take a deep dive into document splitting. There are two prerequisites for using the splitter. First, the NewGL must be active in […]

The three toughest items in the SAP GL for finance users

SAP GL is notoriously difficult to learn, but once users become adept, they begin to appreciate the data model and consistency of transactions. With that said, the learning curve is still quite steep. When preparing a PowerPoint deck for an informative presentation on profit center derivation, I realized how much consultants ask of their users. […]

Performing GL Conversions (part III)

In the previous two articles on SAP GL conversions, we discussed the process of GL conversions, journal entry flows, and how to handle reconciliation accounts. In this final article, we’ll look at a couple pain points and keys to success that arise in SAP GL conversions. Currencies In the GL, there is usually more than one currency […]

House Bank Accounts in SAP FICO

House Bank Accounts (HBAs) in SAP are often configured incorrectly during an implementation. This improper configuration causes problems later when additional sub modules such as Electronic Bank Statement (EBS), Cash Forecasting, and Check Reconciliation are brought into scope. In this article, we explore how House Bank Accounts connect to physical bank accounts, some key settings, and common […]

Performing GL Conversions Correctly (part II)

In my previous post, I discussed the basic process for performing GL conversion. In this post, we’ll turn it up a notch and explore the basic journal entry flow as well as examine a few cases of how to handle subledger accounts such as the AP and AR reconciliation accounts. Journal Entry Flow One of the defining features […]