SAP FICO For Beginners - A Guide to SAP Financial Accounts

Define the general ledger and create a chart of accounts in SAP FICO, outlining how accounts and transactions are recorded, and how to add a COA.

Define account groups to organize the chart of accounts, assign range intervals, and map groups to the company chart of accounts for streamlined ledgers and customer, vendor, and stock accounts.

Define and configure the retained earnings account to carry profits into the next year, enabling automatic posting from the general ledger through SPRO and GL setup.

Create a general ledger account in SAP FICO by defining chart of accounts and account group, then set field status groups and control data for posting balance sheet and p&l.

Define posting keys and document types in sap fico, configure document headers and line items, and set number ranges to post debits and credits to assets and vendors.

Create a new document type in SAP FICO within financial accounting global settings, set a number range for asset liquidation, define reverse and intercompany posting rules, and configure authorization group.

Introduce sap fico to define and assign document number ranges for a company code, enabling quick document retrieval, preventing errors from undefined ranges, and preparing for posting.

Learn how to post a document to the general ledger journal by creating accounts for fixed assets, land, and current assets, then posting a liquidation entry that affects these accounts.

Define bank keys in sap fico and configure electronic banking by using the transaction code to create a bank entry with a bank key, EMC bank, and its US location.

Create and configure a house bank in SAP FICO, assign a bank key, set up accounts and currency, and enable data medium exchange for financial accounting.

Explore how to create and edit a GL account, block or delete it, and link a house bank to a current asset account, with control data and line-item display.

Define a vendor account group in accounts payable, assigning vendors to a named range, and configure general data and controls for vendor interactions and posting.

Learn to define and assign a vendor number range in SAP FICO, linking accounts payable to the general ledger and enabling safe, structured account creation.

Post a document entry to vendor accounts by creating a temporary inventory asset in the general ledger, increasing inventory and decreasing accounts payable, with a field status group material consumption.

Define customer account groups to segment online and domestic customers within the customer master data and manage postings to accounts receivable and accounts payable.

Learn how SAP FICO defines customer account groups and assigns number ranges to enable automatic account creation and different treatment for domestic and foreign customers.

Learn to assign number ranges to customer groups and create a customer master record in SAP FICO, including automatic account numbering, basic master data, and data checks.

Define a reconciliation account for accounts receivable in sap fico, link customer accounts to the general ledger, and show how the accounts receivable sub ledger balances feed the general ledger.

Define a credit control area in SAP FICO, tailor credit limits by customer risk, assign it to the company, and connect accounts receivable, cash, and sales and distribution data.

Learn asset accounting in SAP FICO, covering tangible assets like plants, land, and machinery, the chart of depreciation, and how depreciation and devaluation trends vary by asset type.

Explore creating and assigning a chart of depreciation within asset accounting, using SPRO, copying from a reference chart, and configuring USA depreciation areas for a company code.

Learn to create and assign asset accounts for asset classes in SAP FICO, including factories, machinery, office equipment, land, automobiles, and inventory, using templates and depreciation management.

Explore how to configure asset accounting in SAP FICO by using asset classes, number ranges, and descriptions to define account determinations for factory, machinery, office equipment, land, and inventory.

Define and manage number ranges for asset accounting in SAP FICO by creating intervals and linking ranges to account groups and asset classes.

Define asset classes to organize assets and plan depreciation, then apply screen layout rules to govern asset data fields and assign classes to factories, machinery, and office equipment.

Configure treasury and define a lockbox in SAP FICO via SPRO to route customer payments to a dedicated house bank account, enabling efficient receipt processing.

Explore the SAP FICO controlling aspect, focusing on cost management, profitability, and efficiency. Learn to generate management reports that show costs and profits for strategic decision making.

Define lockbox payment settings in SAP FICO by configuring control parameters, selecting record formats, and enabling automatic postings that update cash and GL accounts, including partial payments.

Define posting data for a lockbox by configuring destination and origin, linking bank payments to company codes, bank accounts, GL accounts, and document types for posting.

Explore treasury document symbols in sap fico to identify transaction sources, linking lockbox payments with accounts receivable, cash, and general ledger postings.

Define a funds management area in sap fico to manage cash, movable funds, and liquid assets within a company code, set currency, and activate the assignment using go14.

Configure the controlling area by assigning company codes and activating components such as cost center, asset accounting, activity type, activity-based costing, sales orders, and cost objects.

Assign document number ranges to a controlling area by configuring intervals and groups, and copying ranges from another area to enable automatic allocation.

Configure primary and secondary cost elements in the chart of accounts, assign account ranges to cost element categories, and save settings to support cost accounting in SAP FICO.

Learn to create batch input sessions in SAP FICO to configure and assign primary and secondary cost elements within the controlling area GYO, and review the resulting cost element setup.

Activate and manage batch input sessions in SAP FICO by selecting a session, enabling background processing with extended log and error display, and using expert mode for a session overview.

Create a clearing account for cost element accounting and route postings to the reconciliation ledger, enabling summation of cost elements across a controlling area into a single statistic.

Define and create number range intervals for the reconciliation ledger in SAP FICO, configuring ranges such as 1001 to 2000 and leaving external fields blank to automate postings.

Learn to create cost center categories in SAP FICO, divide costs into manufacturing, administration, services, and more, and customize settings like automatic revenue posting and revenue planning.

Learn to create cost centers in SAP FICO, assign cost elements, configure hierarchies, and link cost centers to profit centers while understanding reporting and change documentation.

Learn how to create and configure cost elements in SAP FICO, assign them to cost centers like manufacturing, define basic data and categories, track consumption, and review change history.

Create an activity type in SAP FICO by defining the activity, linking it to a cost element such as hours worked, and noting manual entry for production and overhead costs.

Define statistical key figures in SAP FICO to break costs by kilowatts and convert to dollars, using kilowatt hours to calculate power usage across a controlling area.

Review how the controlling area drives cost and profit analysis with cost centers, cost elements, and profit centers, while the financial area handles transactions for external users.

Explore an end-to-end SAP FICO implementation example, from creating an organization and accounts to posting for customers and vendors. Learn how to deepen your SAP FICO knowledge with recommended books.