Here are some common business scenarios that may prompt changes in a company’s chart of accounts:
Regular Updates in Daily Business Operations:
Initial Configuration of SAP S/4HANA Cloud:
Updates for New Scope Item or Country/Region:
Changes During Special Cases:
In most cases, maintaining and updating a chart of accounts involves a variety of users performing various tasks in the development (D), test (T), and production (P) systems:
Describe the maintenance Process
implementation stage:
configurations experts make changes in the configuration steps in D
The modifications are then transported to T and then to P.
accounts in T and P are read-only
During daily business activites, the user submits a request to the authorized users
What is CBC also called?
Not central business configuration
development workspace
What is a significant part of the Fit-to-Standard Analysis process?
When it's time to map your organization's G/L accounts to the standard accounts provided in the delivered chart of accounts, you'll define account determination during the Explore Phase of the implementation project.
But what happens when you're in the middle of a system upgrade or just before the transport release to the production system, and you need to make changes urgently?
In such instances, an alternative manual method for transporting these changes is available, but this option only works for modifications already recorded in the current open transport. This allows them to be manually transferred to the production system.
Following this, you can execute any modifications, like renumbering the new G/L accounts using the associated configuration steps.
This function controls which accounts are transferred to the production system. Three implementation statuses are available:
I - In Process
N - Not Used
P - Productive Use
What is a good example for open item or clearing accounts?
a travel expense clearing account.
The employee travels. He receives invoices. Invoices will be posted on the clearing account. Finally the trip is finished, the clearing account is cleared with postings on travel expense account.
Managing open items is a standard feature for customer and vendor accounts. A vendor or customer invoice is always handled as an open item by the system.
It remains open until a payment or credit note is matched against it, changing its status to a cleared item.
What are the three variations of open item management?
Clearing accounts for banks…
when performing parallel accounting using the ledger approach
Goods receipts / invoice clearing account
Name possible ways to activate open item management
Via app: manage operating gl accounts
via to schedule a job (schedule a program execution) in the Schedule Accounting Data Changes app
The Schedule Accounting Data Changes app is a powerful tool that aids you during both setup and upgrade phases.
It lets you schedule tasks to change some master data at the company code level.
In addition to the manual journal entries entered by the users or through varied interfaces,…
In addition to the manual journal entries entered by the users or through varied interfaces, numerous Financial Accounting (FI) journal entries can also be generated automatically by specific business operations.
Last changed3 days ago