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In SAP, the GL can easily get out of balance with Profit Center Accounting (PCA). I can’t remember all of the crazy reasons that we’ve had around here, but I’ll write them down here next time it happens. We use a couple of methods to ensure that our GL balances with PCA each month. T-code: [...]

Copying and pasting is not always the most intuitive thing in SAP. But it is a powerful tool that you will use over and over once you’ve mastered the different methods. There are at least 3 methods for doing copy/paste. Different situations require different methods. Not to worry, though. It’ll be second nature in no [...]

Profit Center Accounting (EC-PCA) is generally intended to track the profitability of busines units, and therefore, does not automatically include balance sheet accounts. There are, however, many reasons that companies may want to record certain balance sheet items at the profit center level. Our company does this to be able to calculate net investment (AR, [...]

In SAP, the Finance and Controlling (FI-CO) module encompasses two very large worlds of information. This blog post is an overview of FICO, hopefully providing a basis for understanding the distinction between FI and CO and their purposes and uses. The Distinction Between Finance (FI) and Controlling (CO) A good place to start in drawing [...]

One of the responsibilities that traditionally falls to FICO in SAP is closing the Materials Ledger. Forget any territorial instincts you may have about that and just go with it…it’s FICO’s. The good news is that t-code MMPV (Close Period for Material Master Records) is easily set up as a background job to run automatically [...]

SAP customer partner functions can be confusing, especially for us GL guys who deal mostly in journal entries and rarely see any sales order action. This stuff is old hat for SD and finance guys. These are some notes on this topic as I’m trying to get my arms around the customer master. Here are [...]

If you’re looking for the BAPI for uploading journal entry documents to SAP, try: BAPI_ACC_DOCUMENT_POST This BAPI should allow you to post your documents, but like everything, it will take some work to get it running. We used a custom T-code based on this BAPI for a while, and it was not perfect. One problem [...]

Consolidating multiple companies into a unified, consolidated set of financial statements is an art form. In SAP, two common ways of producing consolidated financials are EC-CS (Enterprise Controlling – Consolidation System) and through reporting in BW (Business Warehouse). This post deals primarily with EC-CS. EC-CS gives you a means of rolling up multiple company codes [...]

Though you can have multiple Charts of Accounts in SAP, company codes are assigned to only one chart of accounts. This is done in configuration (SPRO) (T-code: OB62 – Assign Company Code -> Chart of Accounts). T-Code for Chart of Accounts T-code: F.10 – Chart of Accounts Report of accounts in a chart of accounts. [...]

Company codes generally represent the various legal entities within an organization. The Company Code is the lowest level for which you can produce a complete set of financial reports (balance sheet and P&L) for the SEC and other external filing agencies. Organizations that have subsidiaries and multiple legal entities usually represent those with company codes. [...]