Sap Financial and Management accounting+Bests Tips&Tricks

Sap enterprise structure and create a new company and company code, including chart of accounts, currency euro, and transport requests.

Explore how to set up financial structures by defining business areas, linking company codes, and creating a chart of accounts with G.L. accounts, cost elements, and consolidation options.

Define the account group to categorize income and expenses, implement income range validation for new accounts, and configure field status to control visible, mandatory, balance sheet and clearing accounts.

Create four new GL account groups for income, expenses, liabilities, and assets, set field statuses, and configure master data in SPRO to support P&L and balance sheet reporting.

Learn to create a general ledger in SAP, configure income and expenses accounts, cash and trade receivables, and recon accounts with basic global parameters.

Explore SAP financial and management accounting basics: set up a company and business area, create a chart of accounts and account groups, and use return and earning for year-end P&L.

Configure fiscal year variant by setting global parameters for a company code, selecting calendar year or fiscal year, defining posting periods with k4 and oby29 and field status variants.

Learn to customize posting periods in SAP by defining a posting period variant, assigning it to a company code, and setting open and closed periods to govern postings.

Explore how document types in SAP financial accounting control number ranges and determine posting books for GL, vendor, and customer transactions, with practical testing of Z-type setup.

Learn how posting keys drive debit and credit entries in general ledger postings, including default settings, reversal posting, and field status controls for customization.

Define text and document change rules at the line-item level, restrict fields like payment terms, and gray out non-editable fields through screen customization in SAP financial accounting.

Define a tolerance group for clearing to manage small debit/credit differences. Create a clearing difference account and set amount or percentage rules, then test the process in the system.

define tolerance group for employees and assign users; set posting limits by company code, open item, and cash discount up to 3 percent; verify with postings and adjust as needed.

Create and manage cross company code posting by configuring field status groups and variants, linking them to company codes via OBY6 global parameters and SPRO settings.

Configure cross company code posting between two SAP company codes, connect them in the enterprise structure, and establish a clearing account to post intercompany transactions in both directions.

Define tax codes and tax accounts in SAP, connect a company code to Germany's tax procedure, and map input and output taxes to GL accounts for VAT.

Learn how exchange rate differences are realized and unrealized in sap financial accounting, using income and expense accounts and a balance sheet valuation to capture gains and losses.

Learn how end users post transactions to the general ledger in SAP Financial and Management accounting, including creating line items, validating tax code, and balancing debits and credits.

Create and activate a controlling area, connect it to company codes for cross-company cost accounting, and set currency, chart of accounts, fiscal year variant, and its hierarchy.

Learn how to create and connect a cost element to a controlling area, decide manual versus automatic creation, and assign costs to cost centers for accurate SAP cost center accounting.

Learn how to set up cost elements and plan costs against cost centers, post actual costs, and analyze variances using plan vs actual reports in SAP financial and management accounting.

Create a vendor master by defining an account group and three segments—general, logistics, and financial accounting—and assign number ranges, plus mandatory fields like email and bank details.

Learn to create and group vendors in SAP, designate internal or external groups, set mandatory email fields, and configure vendor master data including contact, language, bank data, and payment terms.

Identify and validate sensitive fields for vendor records to enable dual control approvals, ensuring changes to payment terms or vendor data require another user’s confirmation before payment.

Post incoming vendor invoices and credit memos, linking header to GL line items, calculating taxes, and applying payment terms and discounts for accurate vendor reconciliation.

Master SAP line item management for vendor postings by saving park entries, posting documents, and using FBL3N line item displays, open item management, and layout customization for data review.

Configure payment terms in SAP, selecting the baseline date (invoice date or posting date) and applying fixed or additional months. Manage end-of-month rules and settlement payments with percentage-based splits.

This lecture demonstrates creating a customer master in SAP, defining account groups, configuring general and logistic data, and linking customers to vendors with payment terms and reconciliation accounts.

Create an outgoing customer invoice, link it to the vendor, and add a line item to post to accounts receivable, including basic tax and posting details.

Learn how to connect tax codes to the output tax account and create customer invoices with line items, enabling accurate vendor–customer reconciliation and credits.

Create and configure asset master data in SAP, selecting an asset class, defining depreciation areas and APC, and posting straight-line depreciation to the balance sheet for company code 1000.

Explore asset acquisition in SAP: use purchase orders, internal journal entries against the asset, or external vendor acquisitions, including capitalization, depreciation setup, and GL linking.

Explore asset explorer to view and manage fixed assets, capitalization, depreciation planning, and reporting across currencies, linking asset master data with PM equipment and GL accounts.

Explore how material management integrates with Delphi to automatically post purchase orders, goods receipts, and inventory movements to the general ledger via valuation classes and accounts.

Explore how a dollar-denominated purchase order for a material interacts with standard pricing, price difference, and accounting documents in SAP, covering currency exposure, inventory posting, and valuation accounts.

Learn how to set up recurring entries for monthly rent provisions in SAP, including creating a recurring document linked to rent expenses and provision accounts, with automatic monthly postings.

Explore automatic clearing in SAP financials, configuring rules to auto clear vendor and customer postings against the general ledger, testing value-date criteria, posting, reversing, and scheduling clear runs.

Explore how to set up and customize a SAP payment run, including defining payment methods, house bank, and document types, and learn to print checks and handle payment proposals.

Cover end-of-month activities in the general ledger, including automatic clearing, invoice verification, open item valuation, currency valuation, reverse postings, and carry-forward and depreciation steps.

Create an ad hoc SAP query to report vendor bank account numbers by company code. Build a user group, assign users, join tables, and save the report.

Learn trick number one: how to download and upload favorites in SAP financial and management accounting, including exporting favorites to desktop and uploading them for another user.

Learn to change fonts and GUI elements, adjust font size and bold style, apply changes to the screen menu, preview, and verify the updated menu appearance.

Create desktop shortcuts to SAP transactions, such as entering an incoming invoice, for quick access with a double-click. Right-click to add shortcuts for the transactions you use most.

Learn how to create a shortcut to the internet from SAP by right-clicking, adding another object, and linking to a web address such as Gmail.com.

Learn how to display the transaction code in SAP by adjusting extra settings, revealing the technical name, and showing favorites at the end or displaying only favorites.

Export a report to Excel using the export spreadsheet option, save the file, then access it via system list or a local folder and convert it to Excel.

Explore how to view a SAP information system report in Excel mode, switching options to open reports directly in Excel for analysis.

Create a variant and layout to fix variables as constants, save a custom variant named BBB, apply it to reports, adjust the layout, and reuse the saved variant.

Create a default parameter to automatically set the company code to 2000 in SAP reports. Define the parameter id in SU3, save it, and verify results in FBL1N and FBL5N.

Create and manage a default private list of user accounts, customize your personal list to include only five accounts, switch between private and old lists, and delete items as needed.

Create a touch file to enable attachments, set up a share folder, add documents, and attach an excel file from desktop, then open the attachment.

Learn to send a message to another user in the business workplace, selecting a recipient, composing the message, and saving the express document receipt.

Set and apply a default printer by navigating to the printer settings, selecting the desired printer as the output device, and saving the changes in Windows.

Display a key for a value in a material type, apply it, and recognize the key’s relation to keys in the system, each with a name and a key.

Learn to work only with favorites by configuring the extra settings to display only the favorite folder and hide all other menus.

Save a hard copy of a report by selecting the hard copy option, saving the pdf, and naming the file, demonstrating practical steps to print and archive reports.

Copy data from a report by selecting the desired cells with keyboard shortcuts, then copy and paste into an Excel file using ctrl y, ctrl c, and ctrl v.

Master quick cut and paste for a transaction by typing once, highlighting, and using right-click to paste whenever needed.

Stop a transaction in SAP when a very long report is running to save time by stopping the transaction and then execute. This is very useful.

Access the calendar from the sap financial and management accounting workspace, double-click to open events, schedule meetings with a manager, and edit or delete entries.

Search for a transaction by its technical name or T code, then locate it in the main menu by following the node path.

Search a transaction by typing its code or using the search sub menu to display its node and related document entries and postings.