Fico Configuration

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    FICO CONFIGURATION

    1. Define Company2. Define Company Code3. Define Business Area

    4. Assign Company Code to Company5. Define Fiscal Year Variant6. Assign Fiscal Year Variant to Company Code7. Define Document Number Ranges8. Define Field Status Variant9. Assign Field Status Variant to Company Code10. Define Posting Period Variant11 Open and Close Posting Periods12 Assign Posting period Variant to Company Code13. Define Chart of Accounts14. Assign Chart of Accounts to Company Code

    15. Define Account Group16. Define Retained Earnings Account17. Define Tolerance Group for GL Accounts18. Define Tolerance Group for Employees19. Enter Global Parameters.

    To have access and to configure above settings first login to Implementation Guide and thetransaction for IMG is SPRO.

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    1. Define Company:-

    About Company: - The smallest organizational unit for which individual financialstatements is created according to the relevant legal requirements. A company can includeone or more company codes.

    The definition of the company organizational unit is optional.

    Menu Path:- SPROEnterprise StructureDefinitionFinancial AccountingDefineCompany -Transaction Code:- OX15.

    Steps:- Select New Entries.

    Update the following

    Company: - 2002

    Company Name: - Itaz TechnologiesStreet: - Malakpet 224PO Box: - 500024Postal Code: - 500024City: - HyderabadCountry :- INLanguage :- ENCurrency:- INR

    Click SAVE

    2. Define Company Code

    About Company Code:-Smallest organizational unit of external accounting for which acomplete, self-contained set of accounts can be created. This includes the entry of alltransactions that must be posted and the creation of all items for legal individual financialstatements, such as the balance sheet and the profit and loss statement.

    The definition of the company code organizational unit is obligatory

    Menu Path:- SPROEnterprise StructureDefinitionFinancial

    AccountingDefine,Copy,Check,Delete,Code - Transaction Code:- OX02

    Double Click on the Edit Company Code Data.

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    Select New Entries and update the following

    Company Code: - 2002Company Name: - Itaz TechnologiesCity: - Hyderabad

    Country: - INCurrency: - INRLanguage: - EN

    Click SAVE

    3. Define Business Area

    About Business Area:- Organizational unit of external accounting that corresponds to aspecific business segment or area of responsibility in a company. Movements in valueentered in Financial Accounting are assigned to business areas.

    Financial statements can be created for business areas forinternal purposes.

    The definition of the business area organizational unit is optional.

    Menu Path:- SPROEnterprise StructureDefinitionFinancial AccountingDefineBusiness Area Transaction Code :- OX03

    Select New Entries and update the following

    Business Area: - 2002

    Description: - Business Area for 2002 Itaz Technologies

    Click SAVE

    4. Assign Company Code to Company

    Menu Path:- SPROEnterprise StructureAssignmentFinancial AccountingAssignCompany code to Company Transaction Code :- OX16

    Select Position button.

    Give Company Code 2002 and Enter

    Give Company Code 2002

    Click SAVE

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    5. Define Fiscal Year Variant

    About Fiscal Year: - Usually a period of twelve months for which a company regularlycreates financial statements and checks inventories.

    The fiscal year may correspond exactly to the calendar year, but this is not obligatory.

    Under certain circumstances a fiscal year may be less than twelve months (shortened fiscalyear).

    Menu Path:- SPROFinancial Accounting Financial Accounting and Global

    SettingsFiscal YearMaintain Fiscal Year Variant Transaction Code :- OB29

    For the Company Code 2002, Fiscal Year, V3 April - March, 4 special periods is beingused, which is already defined in the standard SAP R/3 System.

    6. Assign Fiscal Year Variant to Company Code

    Menu Path:- SPROFinancial Accounting Financial Accounting and Global

    SettingsFiscal YearAssign Company Code to Fiscal Year Variant Transaction CodeOB37

    Select Position button

    Give Company Code :- 2002 Enter

    Give Fiscal year V3

    Click SAVE

    7. Define Document Number Ranges

    Menu Path:- SPROFinancial Accounting Financial Accounting and Global

    SettingsDocumentDocument Number RangesDefine Document Number RangesTransaction Code:- FBN1

    Give Company Code:- 2002

    Select Change Interval buttonClick on insert interval buttonNo (01)From Number :- 100000000To Number :- 199999999

    Enter Save it gives a message Enter.

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    8. Maintain Field Status Variant

    Menu Path:- SPROFinancial Accounting Financial Accounting Global Settings

    Document Line Item ControlsMaintain Field Status VariantsTransaction Code :- OBC4

    Select 0001

    Click on Copy

    Change the field status variant from 0001 to 2002

    Select Copy All

    Click SAVE

    9. Assign Company Code to Field Status Variants

    Menu Path:- SPRO Financial AccountingFinancial Accounting Global Settings

    Document Line Item ControlsAssign Company Code to Field StatusVariants - Transaction Code :- OBC5

    Select Position button

    Give Company Code 2002 Enter

    Give Field Status Variant 2002.

    Click SAVE

    10 Define Posting Period Variant

    Menu Path:- SPROFinancial Accounting Financial Accounting and Global

    SettingsDocumentPosting PeriodDefine Variants for Posting Periods.Transaction Code:- OBBO

    Select New Entries

    Give Variant :- 2002

    Description:- Posting Period Variant for 2002

    Click SAVE

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    11. Open and Close Posting Periods

    Menu Path:- SPROFinancial Accounting Financial Accounting Global Settings

    Document Posting Periods Open and Close Posting Periods.Transaction Code :- OB52

    You can copy the settings from existing company codes delivered by SAP 0001

    Click the Copybutton.

    Replace 0001 with 2002

    ClickSAVE.

    12. Assign Posting period Variant to Company code

    Menu Path:- SPROFinancial AccountingFinancial Accounting Global SettingsDocumentPosting PeriodsAssign Variants to Company CodeTransaction Code:- OBC5

    The posting period variant 2002 needs to be assigned to company code 2002

    Select Position button.

    Give Company Code 2002 and Field Status 2002

    Click SAVE

    13. Create Chart of accounts

    About Chart of Accounts:- This is a list of all G/L accounts used by one or severalcompany codes. For each G/L account, the chart of accounts contains the account number,account name, and the information that controls how an account functions and how a G/Laccount is created in a company code

    Menu Path:- SPRO Financial AccountingGeneral Ledger Accounting G/L

    AccountsMaster Records Preparations Edit Chart of Accounts ListTransaction Code OB13

    Select New Entries and update the following fields

    Chart of Accounts:- 2002Description: - Chart of accounts for 2002Language:- EnglishLength of GL :- 10

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    Click SAVE14. Assign Company code to Chart of accounts

    Menu Path:- SPRO Financial AccountingGeneral Ledger Accounting G/L

    AccountsMaster RecordsPreparationsAssign Company Code to Chart of

    Accounts, Transaction Code OB62

    Select Position

    Give Company Code 2002

    Enter

    Give Chart of Accounts 2002.

    Click SAVE

    15. Define Account Group

    About Account Group: - The account group is a summary of accounts based on criteriathat effects how master records are created. The account group determines:

    The number interval from which the account number is selected when a G/Laccount is created.

    The screen layout for creating G/L accounts in the company code-specific are

    Menu PathFinancial Accounting General Ledger Accounting G/L Accounts

    Master Records Preparations Define Account GroupTransaction Code:- OBD4

    Here you can copy from the account group delivered by SAP for INT chart ofaccounts or you can create new account group required as per customerrequirement.

    Select Position button and give chart of account INT and enter

    Replace the Chart of account INT with 2002

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    Chart of

    AccountsAcctGroup

    Name From A/C To A/C

    2002CASH Liquid Funds Accounts 110000 118999

    2002EXP Expense Account 400000 499999

    2002FIXA Fixed Assets Account 120000 120299

    2002 GBS General Balance Sheet accounts 100000 399999

    2002META Material Management Accounts 100000 899999

    2002 REV Revenue Accounts 800000 899999

    Click on SAVE

    16. Define Retained Earnings Account

    Menu Path: SPROFinancial Accounting General Ledger Accounting G/L

    AccountsMaster Records Preparations Define Retained Earnings AccountTransaction Code:- OB53

    About Retained EarningsYou assign a retained earnings account to each P&L account by specifying aP&L statement account type in the chart of accounts area of each P&Laccount in SAP.

    At the end of a fiscal year, the system carries forward the balance of the P&Laccount to the retained earnings account in SAP. You can define one or moreP&L statement account types per chart of accounts and assign them toretained earnings accounts.

    Update chart of accounts 2002 in the given field

    Give Chart of Account 2002

    Enter

    Give P&L Statement Type as X

    Give Account as : 315000

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    Enter

    You will get a message Account not created in chart of accounts 2002,ignore it bypressing enter.

    Click SAVE

    17. Define Tolerance Group for GL accounts

    Menu path : SPROFinancial AccountingGL accountingBusiness

    Transactionsopen item clearingClearing DifferencesDefine tolerance group for GL Transaction Code :- OBA0

    Select New Entries and update the following

    Company Code: 2002Name of the tolerance group:- Tolerance for Itaz 2002

    Click SAVE

    18. Define Tolerance for Employees

    Menu path : SPROFinancial AccountingGL accountingBusiness

    Transactionsopen item clearingClearing DifferencesDefine tolerance forEmployees Transaction Code :- OBA4

    Select company code 0001 and then select copy icon

    Replace the 0001 with company code 2002.

    Enter and SAVE

    19. Enter Global Parameters.

    Menu Path: SPROFinancial Accounting Financial Accounting Global Settings

    Company Code Enter Global Parameters Transaction Code : OBY6

    In this menu you can see all the assignment done earlier. You can alsoconfigure the earlier assignments done through this menu.

    Double click on 2002company code

    Click on the purpose fiscal year checkbox

    Click on the negative Postings allowed check box and SAVE your entries

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    GENERAL LEDGER ACCOUNTING

    Creation of Six GL Accounts

    Menu PathAccountingFinancial AccountingGeneral LedgerMasterRecordsIndividual processing Centrally Transaction Code: FS00

    Type/Description Tab 1. Equity Share Capital Account

    Give GL Account 100001

    Company Code: 2002

    From Menu Select GL and Create.

    GL Account Group: General Balance Sheets Accounts

    Select Balance Sheet account Check Box

    Give Short Text: Equity Share Capital Account

    Long Text: Equity Share Capital Account

    Control Data Tab

    Select only balances in local currency Check box

    Select Line item Display Check box

    Give Sort Key 001

    Create Bank Interest Tab

    Give Field Status Group G001

    Click SAVE.

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    2. Retained Earnings Account

    Type/Description Tab

    Give GL Account 100002

    Company Code: 2002

    From Menu Select GL and Create.

    GL Account Group: General Balance Sheets Accounts

    Select Balance Sheet account Check Box

    Give Short Text: Reserve and Surplus

    Long Text: Reserve and Surplus

    Control Data Tab

    Select only balances in local currency Check box

    Select Line item Display Check box

    Give Sort Key 001

    Create Bank Interest Tab

    Give Field Status Group G001

    Click SAVE.

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    3. Cash Account

    Type/Description Tab

    Give GL Account 110001

    Company Code: 2002

    From Menu Select GL and Create.

    GL Account Group: Liquid Funds Accounts

    Select Balance Sheet account Check Box

    Give Short Text: Cash Account

    Long Text: Cash Account

    Control Data Tab

    Select only balances in local currency Check box

    Select Line item Display Check box

    Give Sort Key 001

    Create Bank Interest Tab

    Give Field Status Group G005

    Select Relevant to cash flow check box

    Click SAVE.

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    4. Salary Account

    Type/Description Tab

    Give GL Account : 400005

    Company Code: 2002

    From Menu Select GL and Create.

    GL Account Group: Expense Accounts

    Select P/L account Check Box

    Give Short Text: Salary Account

    Long Text: Salary Account

    Control Data Tab

    Select only balances in local currency Check box

    Select Line item Display Check box

    Give Sort Key 001

    Create Bank Interest Tab

    Give Field Status Group G001

    Click SAVE.

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    5. Rent Account

    Type/Description Tab

    Give GL Account : 400006

    Company Code: 2002

    From Menu Select GL and Create.

    GL Account Group: Expense Accounts

    Select P/L account Check Box

    Give Short Text: Rent Account

    Long Text: Rent Account

    Control Data Tab

    Select only balances in local currency Check box

    Select Line item Display Check box

    Give Sort Key 001

    Create Bank Interest Tab

    Give Field Status Group G001

    Click SAVE.

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    6. Outstanding Liabilities Account

    Type/Description Tab

    Give GL Account 100003

    Company Code: 2002

    From Menu Select GL and Create.

    GL Account Group: General Balance Sheets Accounts

    Select Balance Sheet account Check Box

    Give Short Text: Outstanding Liabilities Account

    Long Text: Outstanding Liabilities Account

    Control Data Tab

    Select only balances in local currency Check box

    Select Line item Display Check box

    Select Open item management Check box

    Give Sort Key 001

    Create Bank Interest Tab

    Give Field Status Group G001

    Click SAVE.

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    Posting of a transaction

    Menu pathAccountingFinancial AccountingGeneral LedgerDocument

    EntryGeneral Posting: Transaction Code: F-02

    Give Document Date (current date)

    Posting Date (current date)

    Document Type: SA

    Company Code: - 2002

    Currency: INR

    Posting Key: 40 (Debit)

    GL Account: 110001 (Cash)

    Enter

    Give Amount: 10000

    Value date (current date)

    Text Share Capital Received

    Posting Key 50 (Credit)

    GL Account: 100001

    Enter

    Amount ( * )

    Text ( + )

    From go to DocumentSimulate Click on SAVE

    To Display the Document FB03

    Menu pathAccountingFinancial AccountingGeneral LedgerDocument

    FB03 Display

    Give Document Number

    Company Code : 2002

    Year : 2007

    Enter.

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    To Change the Document FB02

    Menu pathAccountingFinancial AccountingGeneral LedgerDocument

    FB02 Change

    Give Document Number

    Company Code : 2002

    Year : 2007

    Enter

    Double Click on the line item and change accordingly and SAVE

    To Display the changes FB04

    Menu pathAccountingFinancial AccountingGeneral LedgerDocument

    FB04 Display Changes

    Company Code : 2002

    Give Document Number

    Year : 2007

    Enter

    Click All Changes

    To Display Account FS10N

    Menu pathAccountingFinancial AccountingGeneral LedgerAccount-FS10NDisplay balances

    Give GL Account : 100002

    Company Code : 2002

    Fiscal Year : 2007

    Click on Execute

    To Display Line items FBL3N

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    Menu pathAccountingFinancial AccountingGeneral LedgerAccount-FBL3NDisplay/Change line items.

    Give GL Account: 100002

    Company Code: 2002

    Check All Items Check box and Execute

    Parking of a Document

    AccountingFinancial AccountingGeneral LedgerDocument EntryGeneralDocument Parking Transaction Code F-65

    Update the following

    Document Date

    Document Type: - SA Company Code: - 2002

    Posting Date:-

    Currency: - INR

    Posting Key 40 Debit

    GL Account: - 400005 Salary

    Enter

    Amount: - 150000

    Text: - Salary provision parking

    Posting Key 50 Debit

    GL Account: - 100003

    Enter

    Amount *

    Text +

    From Menu Select DocumentPark document

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    To Change Parked Document

    AccountingFinancial AccountingGeneral LedgerDocumentParked Documents-Change Transaction Code: FBV2

    Give Company Code :- 2002

    Give Fiscal Year :- 2007

    Click on document list

    Execute

    Double click on the document which you want to change and change accordingly and save.

    To display changes made to the document

    AccountingFinancial AccountingGeneral LedgerDocumentParked Documents-Change Transaction Code: FBV5- Display changes

    Give Company code: 2002Document Number:Fiscal Year: 2007

    Enter

    Click All Changes

    To post the parked document

    AccountingFinancial AccountingGeneral LedgerDocumentParked Documents-

    Change Transaction Code: FBV0- Display changes

    Give Company code: 2002Document Number:Fiscal Year: 2007

    Enter and click on SAVE

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    Holding Document through F-02

    Note :- If the system does not allow you to post the document then run these two programs1. RFTMPBLD/ RFTMPBLU through transaction SE38.

    Menu pathAccountingFinancial AccountingGeneral LedgerDocument

    EntryGeneral Posting: Transaction Code: F-02

    Give Document Date (current date)

    Posting Date (current date) Document Type: SA

    Company Code: - 2002

    Currency: INR

    Posting Key: 40 (Debit)

    GL Account: 110001 (Cash)

    Enter

    Give Amount: 10000

    Value date (current date)

    Text Share Capital Received

    Posting Key 50 (Credit)

    GL Account: 100001

    Enter

    Amount ( * )

    Text ( + )

    From DocumentHold and give the temporary number E.g. 2222 and click on holddocument.

    To view the held documents FB11

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    To post the held document

    To post the held document go to F-02 and click on the held document and give thetemporary document number for E.g. 2222 we have taken. Enter and then click on saveoption to post the document

    Sample Document

    Special type of reference document. Data from this document is used to create defaultentries on the accounting document entry screen.

    Unlike an accounting document, a sample document does not update transaction figures butmerely serves as a data source for an accounting document.

    FBN1 - Define Number Range group "X2" For Sample Documents

    Give Company Code: 2002

    Click on change intervals button

    Click on insert interval button

    Give No : X2

    Year 2007

    From Number: 10000

    To Number: 100100

    Enter and SAVE

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    F-01 - Creation of Sample Documents. Template

    Menu PathAccountingFinancial AccountingGeneral LedgerDocument

    EntryReference Documents Sample Document F-01

    Give Document Date (current date)

    Posting Date (current date)

    Document Type: AB

    Company Code: - 2002 Currency: INR

    Posting Key: 40 (Debit)

    GL Account: 400005 (Salary)

    Enter

    Give Amount: 100000

    Value date (current date) Text Salary

    Posting Key 50 (Credit)

    GL Account: 100003 (outstanding liabilities)

    Enter

    Amount ( * )

    Text ( + )

    Enter and SAVE

    Document will be stored in the company code.

    FBM3 - Display Sample Documents

    Document number

    Company code : 2002

    Fiscal year : 2007

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    Enter

    Posting of a Sample Document with F-02

    From Document select Post with reference button

    Enter 2 times and save

    Account Assignment Model:

    A reference for document entry that provides default values for posting businesstransactions. An account assignment model can contain any number of G/L account itemsand can be changed or supplemented at any time. In contrast to sample documents, the G/Laccount items for account assignment models may be incomplete.

    Creation of Account Assignment Model

    Menu PathAccountingFinancial AccountingGeneral ledgerDocument

    EntryReference DocumentsAccount Assignment Model

    Transaction Code FKMT

    Account Assignment Model: Itaz

    SelectCreate Icon

    Currency: INR

    Text Account Assignment Model for Itaz

    Chart of Accounts: 2002

    From Menu Go To line items

    Posting Key 40

    Company code: 2002

    GL Account: 110001

    Amount: 3000

    Posting Key 50

    Company code: 2002

    GL Account: 400005

    Amount: 3000

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    SAVE

    Posting of a Transaction Using Account Assignment Model with Transaction F-02

    Document date

    Posting date

    Company code: 2002

    Currency: - INR

    Select Account Assignment model button and give Itaz

    Enter and SAVE

    Correct the line item in blue and save again to post the transaction

    Recurring Documents:

    The monthly expenses are posted on the basis of a rental agreement using a recurring entrydocument.

    Recurring entries are business transactions in Financial accounting that are repeated

    regularly, such as rent. This business process demonstrates how you use a recurringdocument to post rental expenses.

    1. FBN1 - Define Number Range Group "X1" for recurring Docs.2. FBD1 - Creation of Recurring Documents (Templates).3. F.15 - Display Recurring Documents.4. F.14 - Execute Recurring Entries. (Creation of Recurring Document Session.)5. SM35 - Process Batch Input Input Session

    1. FBN1 - Define Number Range Group "X1" for recurring Docs.

    Give Company Code: 2002

    Select Change interval button

    Select insert interval button

    Give No X1Year 2007From Number 100200To Number 100500

    Enter and SAVE

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    FBD1 - Creation of Recurring Documents (Templates).

    Menu pathAccountingFinancial AccountingGeneral LedgerDocument Entry

    Reference DocumentsRecurring Entry document Transaction Code: FBD1

    Give Company Code : 2002

    First Run on : 1.4.2007

    Last Run on : 1.6.2007

    Interval in Months : 1 Document Type : SA

    Text : Recurring Entry

    Posting Key : 40

    GL Account : 400006 (Rent)

    Amount : 10000

    Rent Payment

    Posting Key : 50

    GL Account 110001 (Cash)

    Enter

    Give Amount * and Text + and SAVE

    F.15 - Display Recurring Documents.

    Menu pathAccountingFinancial AccountingGeneral LedgerPeriodic

    ProcessingRecurring EntriesList F.15

    Give Company code : 2002

    Fiscal year :- 2007

    Execute

    F.14 - Execute Recurring Entries. (Creation of Recurring Document Session.)

    Menu pathAccountingFinancial AccountingGeneral LedgerPeriodic

    ProcessingRecurring Entries Transaction Code : F.14

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    Company Code : 2002

    Fiscal year : 2007

    Document Type : SA

    Settlement Period : 01.04.2007 to 01.06.2007

    Batch in put session name : XYZ

    Click SAVE

    SM35 - Process Batch Input Input Session

    Select XYZ session

    Select Process

    Select Display Error only check mark

    Click on process

    Exit

    To View the document FB03

    Document Reversal:

    1. SPRO -Define Reasons for Reversal.2. FB08 - Individual Reversal.3. F-02 - Reversal of Reversal. (Post with reference & generate reverse posting.)4. F.80 - Mass Reversal.5. FBRA - Cleared Item Reversal

    1. SPRO -Define Reasons for Reversal.

    Menu pathSPROFinancial AccountingGeneral Ledger AccountingBusiness

    TransactionsAdjustment Posting/ReversalDefine Reasons for Reversal

    Select New Entries

    Give Reason e.g. 67

    Give Reason Text: Reversal reason for ITaz

    Select Negative Posting and Alt Posting Check box.

    Click SAVE

    2. FB08 - Individual Reversal.

    Menu path: AccountingFinancial AccountingGeneral

    LedgerDocumentReverseFB08 Individual Reversal

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    Give Document Number: 1

    Company Code: 2002

    Fiscal year: - 2007

    Give Reversal Reason: 01

    Give posting date:

    Click on display before reversal button

    Select back arrow and SAVE

    3. F-02 - Reversal of Reversal. (Post with reference & generate reverse posting.)

    Give Document date :

    From Menu Go to DocumentPost with reference button

    Give Document number which is already reversed

    Select Generate reverse posting check box

    Select Display line items Check box

    Enter 4 times and SAVE

    4. F.80 - Mass Reversal.

    Menu path: AccountingFinancial AccountingGeneral

    LedgerDocumentReverseMass Reversal F.80

    Give Company Code: 2002

    Document number: 2-6 Fiscal Year 2007

    Reversal Reason: 01

    Execute

    Click on Reverse Documents

    5. FBRA - Cleared Item Reversal

    Menu path: AccountingFinancial AccountingGeneral LedgerDocumentFBRA

    Reset cleared items

    Give Clearing Document

    Company Code : 2007

    Fiscal year : 2007

    Click SAVE

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    Select Resetting and Reverse

    Give posting date

    Enter

    It gives a message select Reset

    Open Item Clearing

    To see all open items go to transaction FBL3N and give company code and select openitems

    Three types of clearings

    Full ClearingPartial ClearingResidual Clearing

    Full Clearing Transaction Code F-07

    Document Date

    Document Type : SA

    Company Code : 2002Posting Date :

    Account : 110001 (Cash)

    Amount : 50000

    Account : 100003

    Text : Full Clearing

    Select Process Open items button

    Double click on the amount which has to be paid and make sure not assigned is Zero

    From Menu Document

    Simulate and SAVE to post

    Partial Clearing Transaction Code F-07

    Document Date

    Document Type : SA

    Company Code : 2002

    Posting Date :

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    Account : 110001 (Cash)

    Amount : 50000

    Account : 100003

    Text : Full Clearing

    Select Process Open items buttonClick on Partial Pymt and Double click on the payment amount tab which has to be paidand make sure not assigned is Zero

    Partial Clearing Transaction Code F-07

    Document Date

    Document Type : SA

    Company Code : 2002

    Posting Date :

    Account : 110001 (Cash)

    Amount : 20000

    Account : 100003

    Text : Full Clearing

    Select Process Open items button

    Click on Res items and Double click on the Residual amount tab which has to be paidand make sure not assigned is Zero

    Foreign Exchange

    Exchange Rates are of 3 types

    B - Bank Selling RateG - Bank Buying RateM - Average Ratio

    Direct Quotation: Changing INR to (USD) Foreign currency is direct quotationINR to 45 USD $

    Indirect Quotation : Changing foreign (USD) currency to INRUSD to INR

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    Define Translation ratios for currency translation

    Menu Path : SproGeneral SettingsCurrenciesDefine Translation ratios for currencytranslation : Transaction code : OBBS

    It gives a message select Y

    Select New Entries button

    Give Ex Rate : M

    From USD to INR

    Valid from : current date

    Ratio (From) and To 1:1

    SAVE

    Check Exchange rate types

    Menu Path : SproGeneral SettingsCurrenciesCheck exchange rateTransactioncode : OB07

    Select position button and give B Enter and SAVE

    Enter exchange rates

    Menu Path : SproGeneral SettingsCurrenciesEnter exchange rates Transaction

    code : OB08

    Select New Entries

    Give exchange rate type M

    Give Valid From currrent date

    From : USD

    Dir quot : 45

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    TO : INR

    SAVE

    Assignment of Exchange Rate to Document Type OBA7

    Select Position button.

    Select Document type : SA and click on details icon

    Under Default Values give Ex.rate type for foreign currency M and SAVE

    Posting of a transaction with F-02

    Give Document date:

    Document Type: SA

    Company Code: 2002 Posting Date:

    Currency: USD

    Posting Key: 40

    Account: 110001 (Cash)

    Amount 1000

    Enter

    Note: - Once you hit enter it will show the amount 1000 converted into amount 45000

    according to the dollar rate which you have set.

    Give posting Key : 50

    Account : 400005 (Salary)

    Enter

    Give Amount (*)

    Text (+)

    SAVE