SAP FI Configurations- Basics

In this post I will provide the basic configuration for SAP FI. I will continue in the next postings with SAP FI configuration and business posting.

Organization Structure

Define a Company
Path : IMG > Enterprise Structure > Definition > Financial Accounting > Define Company
Define a Company Code
Path : IMG > Enterprise Structure > Definition > Financial Accounting > Define Company
Create Business Area
Path : IMG > Enterprise Structure > Definition > Financial Accounting > Define Business Area
Assign Company Code to Compan
Path : IMG > Enterprise Structure > Assignment > Financial Accounting > Assign Company code to Company
Maintain Fiscal Year Variant Path :
IMG > Financial Accounting > Financial Accounting Global Settings > Fiscal Year > Maintain Fiscal Year Variant
Assign Company Code to Fiscal Year Variant
Path : IMG > Financial Accounting > Financial Accounting Global Settings > Fiscal Year > Assign Company Code to Fiscal Year Variant
Define Variants for Open Posting Periods
Path : IMG > Financial Accounting > Financial Accounting Global Settings > Document > Posting Periods > Define Variant for Open Posting Periods
Open and Close Periods
Path : IMG > Financial Accounting > Financial Accounting Global Settings > Document > Posting Periods > Open and Close Periods
Assign Posting Period Variant to Company Code
Path : IMG > Financial Accounting > Financial Accounting Global Settings > Document > Posting Periods > Assign Variant to Company Code
Define Document Types
Path : IMG > Financial Accounting > Financial Accounting Global Settings > Document > Document Header > Define Document Types
Define Document Number Ranges
Path : IMG > Financial Accounting > Financial Accounting Global Settings > Document > Document Number Ranges > Define Document Number Ranges
Define Posting Key
Path : IMG > Financial Accounting > Financial Accounting Global Settings > Document > Line item > Controls > Define Posting Key
Define Field Status Variant
Path : IMG > Financial Accounting > Financial Accounting Global Settings > Document > Line item > Controls > Define Field Status Variant
Assign Company Code to Field Status Variant
Path : IMG > Financial Accounting > Financial Accounting Global Settings > Document > Line item > Controls > Assign Company Code to Field Status Variant

 

General Ledger Accounting Configuration

Edit Chart of Accounts List
Path: SAP IMG > Financial Accounting > G/L Accounts > Master Data > Preparations > Edit Chart of Accounts List
Assign Company code to Chart of Account
Path: SAP IMG > Financial Accounting > G/L Accounts > Master Data > Preparations > Assign Company code to Chart of Account
Define Account Group
Path: SAP IMG > Financial Accounting > G/L Accounts > Master Data > Preparations > Define Account Group
Define Retained Earning Account
Path: SAP IMG > Financial Accounting > G/L Accounts > Master Data > Preparations > Define Retained Earning Account
Define Tolerance Group for Employees
Path: SAP IMG > Financial Accounting > Account Receivable and Accounts Payable > Business Transactions > Incoming Payments > Manual Incoming Payments > Define Tolerance Group for Employees

 

Account Receivable

Define Account Groups with Screen Layout (Customers)
Path: SAP IMG > Financial Accounting > Account Receivable and Account Payable > Customer Accounts > Master Data > Preparations for Creating Customer Master Data
Create Number Ranges for Customer Accounts
Path: SAP IMG > Financial Accounting > Account Receivable and Account Payable > Customer Accounts > Master Data > Create Number Ranges for Customer Accounts
Assign Number Ranges to Customer Account Groups
Path: SAP IMG > Financial Accounting > Account Receivable and Account Payable > Customer Accounts > Master Data > Assign Number Ranges to Customer Account Groups
Define One Time Account Group
Path: SAP IMG > Financial Accounting > Account Receivable and Account Payable > Customer Accounts > Master Data > Preparations for Creating Customer Master Data
Define Tolerances (Customers)
Path: SAP IMG > Financial Accounting > Account Receivable and Account Payable > Business Transactions > Incoming Payments > Manual Incoming Payments > Define Tolerances (Customers)
Maintain Terms of Payment
Path: SAP IMG > Financial Accounting > Account Receivable and Account Payable > Business Transactions > Incoming invoices / Credit Memos > Maintain Terms of Payment

 

Account Payable Configurations

Define Account Groups with Screen Layout (Vendors)
Path: SAP IMG > Financial Accounting > Account Receivable and Account Payable > Vendor Accounts > Master Data > Preparations for Creating Vendor Master Data
Create Number Ranges for Vendor Accounts
Path: SAP IMG > Financial Accounting > Account Receivable and Account Payable > Vendor Accounts > Master Data > Create Number Ranges for Vendor Accounts
Assign Number Ranges to Vendor Account Group
Path: SAP IMG > Financial Accounting > Account Receivable and Account Payable > Vendor Accounts > Master Data > Assign Number Ranges to Vendor Account Groups
Define One Time Account Group
Path: SAP IMG > Financial Accounting > Account Receivable and Account Payable > Vendor Accounts > Master Data > Preparations for Creating Vendor Master Data
Define Tolerances (Vendors)
Path: SAP IMG > Financial Accounting > Account Receivable and Account Payable > Business Transactions > Outgoing Payments > Manual Outgoing Payments > Define Tolerances (Vendors)

Bank Accounting

Create Bank Key
Path : SAP Access > Accounting > Financial Accounting > Banks > Master Data > Bank Master Record > Create
Define House Banks
Path : SAP IMG > Financial Accounting > Bank Accounting > Bank Accounts > Define House Banks