SAP ERP FI/CO Training in Lahore Pakistan
SAP ERP Financial Accounting and Controlling-FI/CO
What is SAP FICO?
SAP FICO is a module of SAP ERP which is utilized for monetary announcing both remotely and inside. The goal is to record all monetary exchanges that are posted by an element and produce fiscal reports that are exact toward the finish of the exchanging time frame. The SAP FICO full structure is FI (Financial Accounting) and CO(Controlling).SAP FI is comprised of SAP FICO sub modules. The sub-modules that are frequently utilized are accounts receivables, accounts payables, asset accounting, general ledger accounting and bank accounting.
Instructions to make COST CENTER: SAP KS01
In this instructional exercise, we will figure out How to make new COST CENTER in SAP CONTROLLING- SAP CO
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| SAP FICO |
Stage 1) To make a Cost Center , Enter KS01 into SAP exchange code box.
Stage 2) In the following SAP ERP screen
- Enter the new expense place number.
- Enter the legitimacy dates of the new expense place.
Discretionary - In the Reference segment:
- In the Cost Center field, you can enter a reference cost focus if the subtleties are like the new expense place.
- In the Controlling Area field, you can enter the reference cost focus' controlling territory.
Stage 3) Click Master Data Button
Stage 4) In the Names segment:
- In the Name field, enter the name of the new expense place.
- In the Description field, enter a depiction for the new expense place.
- In the Basic Data segment:
- Enter the Person Responsible.
Stage 5) In the Basic Data segment:
- Enter the Person Responsible
- Select W (Administration) for Cost Center Category.
- Select the Hierarchy zone.
- Enter the Company Code.
- The Currency will default dependent on the prior choices.
Stage 6) On the Control tab select the suitable pointers.
Stage 7) Click Save. New Cost Center is made.
About Internal Order in SAP
Why Internal Order is Required?
Interior orders depict singular positions inside a controlling region. Orders uphold activity situated arranging, checking, and designation of expenses. You can utilize inward requests to:
- Screen interior positions settled to cost focuses (overhead orders)
- Screen inside positions settled to fixed resources (speculation orders)
- Counterbalancing postings of gathered costs determined in CO (accumulation orders)
- Show the expense controlling pieces of Sales and Distribution client not influence the center business of the organization (orders with incomes).
Step by step instructions to Create Creating Internal Order
Step: 1-Enter Transaction code KO04 (Order Manager) in the SAP Command Field.
Step: 2-In the following screen ,Press 'Make' button in the application toolbar to make another inside request.
Step: 3-In the following discourse box, Select the request type to be made.
Step: 4-In the following screen, Enter the accompanying information.
- Enter the Company Code
- Enter the Business zone
- Enter the Object Class of the Order
- Enter the Profit Center
- Enter the Cost Center answerable for the inner request
Step: 5-Press 'Save' button in the SAP standard toolbar , to make the interior request.
Step: 6-Check the status bar for the recently made inside request number.
Settlement of Internal Orders Tutorial: KO02 and KO88 in SAP
In this instructional exercise, we will learn Settlement of Internal Orders
Stage 1) Enter Transaction Code KO02 in the SAP Command Field
Stage 2) In the following screen , Enter the Internal Order for which settlement is to be finished
Stage 3) In the following screen , Select the Settlement Rule Button from the Application Toolbar
Stage 4) In the following screen, Enter the Following
- In the Category Column enter 'CTR' for cost focus
- In the Settlement recipient Column enter the Cost Center wherein the Order is to be settled
- In the percent section , Enter the rate sum which is to be settled
- In the settlement type , Enter 'PER' for occasional settlement.
Stage 5) Press 'Save' button from the SAP Standard Toolbar to save the Settlement Rule and return to the SAP Main menu .
Stage 6) Enter Transaction code KO88 in SAP Command Field
Stage 7) In the following screen , Enter the Following passages and run the settlement
- Enter the Order for which the settlement rule is kept up
- Enter the Period for settlement
- Enter the Fiscal Year
- Uncheck the Test Run
- Press 'Execute' Button to run the settlement
SAP Profit Center: Create, Group, Posting and Planning
Why A Profit Center is Required?
The Primary target of Profit Center is to address a free authoritative subunit that works basically autonomously on the lookout, bears obligation regarding it's own expenses and income , and can be extended to turn into a speculation community or can be treated as a Company inside a company. The Profit focus approach typifies the expanding re-foundation among inner and outer bookkeeping, working as an interfacing join between two Accounting ideas.
Make Profit Center
Stage 1) Enter Transaction code KE51 in the SAP Command Field
Stage 2) In the following screen , Enter the controlling territory wherein the Profit Center is to be made
Stage 3) In the following screen, Enter an interesting Id for the Profit Center
Stage 4) In the following screen, Enter the Following
- Enter the name of the benefit place
- Enter a short portrayal of the benefit community
- Enter the individual answerable for the benefit community
- Enter the benefit community bunch for which the benefit place has a place with.
Stage 5) Press 'Save' button , for saving the benefit place from the SAP Standard Toolbar
The Profit is saved in the idle mode.
Stage 6) Press the 'Initiation' Button for the actuation of the benefit place from the Application Toolbar
Stage 7) Check the Status bar for the situation with formation of benefit focus.
Benefit Center Group
Stage 1) Enter Transaction Code KCH1 in the SAP Command Field
Stage 2) In the following screen , Enter the Controlling region wherein the benefit community bunch is to be made
Stage 3) In the following screen, Enter a special Id for the Profit place gathering to be made
Stage 4) In the following screen, Enter a short portrayal for the Profit community gathering
Stage 5) Press 'Save' button , from the SAP Standard Toolbar to make the benefit community gathering
Stage 6) Check the Status bar for the formation of the benefit community gathering
Benefit Center Posting
Presenting on Profit Center Via Financial Document (FI Interface)
Stage 1) Enter Transaction code FB50 in the SAP Command Field
Stage 2) In the following screen , Enter the accompanying header information
- Enter Document Date
- Enter Company code
Stage 3) Enter the Following Line Item Data
- Enter Debit G/L Account
- Select Debit
- Enter Debit Amount
- Enter Credit G/L Account
- Select Credit
- Enter Credit Amount
Stage 4) After Enter the Line things ,
- Select the Debit Line Item
- Press Choose Detail button
Stage 5) In the following point of interest detail screen, Enter the Profit Center
Stage 6) Press 'Save' button from SAP standard toolbar to post the archive
Stage 7) Check the status bar for the Document number for the affirmation of posting
Benefit Center Planning
Arranging Process is anything but a one-time movement, but instead an iterative interaction, which is generally acted in a few steps. Profit focus arranging is an indispensable piece of your general organization arranging. The indispensable character of business arranging is especially evident inside the setting of Profit Center Accounting, as the arranging information utilized here is generally made in different applications (like Cost Center Accounting) and can be enhanced or changed in Profit Center Accounting. Benefit focus arranging is important for short-term business arranging and subsequently incorporates a range of one financial year. During the benefit place arranging measure, Individual arranging zones are consolidated into an incorporated arranging organization. We can utilize different arrangement adaptations to portray different arranging Profit focus arranging offers us the accompanying strategies for arranging:
- Duplicating existing arrangement or genuine information to an arrangement
- Posting plan information by period or at the same time by exchange from different applications
- Manual arranging of benefit focuses
- Conveyance and Assessment of information between benefit focuses
- Different arrangement reports for examination of various arrangement forms
Standard progressive system is a tree structure for gathering all benefit habitats which have a place with a controlling region. While making a benefit community, you should dole out it to a gathering (hub) of the standard chain of importance. This guarantees that all benefit focal point of a controlling region are assembled in one node. This helps in compromise purposes. We can keep up the standard progressive system from the application menu or in Customizing . Redoing additionally gives a capacity which permits you to make benefit focus bunches by duplicating cost focus gatherings. In the event that our expense community structure is like our benefit place structure, we can utilize this capacity to duplicate the expense place standard chain of command to make our benefit place standard progressive system.
Stage 1) Enter Transaction Code KCH1 in SAP Command Field
Stage 2) In the following screen, Enter the Controlling Area for which you need to make the Profit Center Standard Hierarchy
Stage 3) In the following screen, Enter the fundamental hub Profit Center Group of the Standard Hierarchy for the Controlling Area to be made
Stage 4) In the following screen, Enter sub nodes or sub benefit community gatherings of the Standard chain of command
Additionally Assign benefit focus to the benefit community gatherings
Stage 5) Save the design, and check the status bar for the progressions be saved
Stage 6) A normal Standard Hierarchy show
The most effective method to dole out Cost Centers to Profit Center in SAP
In this instructional exercise, we will learn Cost Centers to Profit Center in SAP
Stage 1) Enter Transaction Code SPRO in the SAP Command Field
Stage 2) In the following screen, Select SAP Reference IMG
Stage 3) In the following screen , 'Show IMG' Follow the menu way Controlling->Profit Center Accounting - > Assignments of Account Assignment Objects to Profit Center - >Assign Cost Centers
Stage 4) In the following screen, Enter the expense place to be doled out to a benefit community
Stage 5) In the following screen , Enter the benefit place to which the expense community is relegated
Stage 6) Press 'Save' button from the SAP Standard toolbar , for the saving the changes.
Instructions to allot materials to Profit Center in SAP
Stage 1) Enter Transaction Code SPRO in the SAP Command Field
Stage 2) In the following screen, Select the SAP Reference IMG' button
Stage 3) In the following screen , 'Show IMG' follow the menu way Controlling - > Profit Center Accounting - > Assignments of Account Assignment Objects to Profit Center - >Material - >Assign Material Masters
Stage 4) In the following screen, Enter the Material ID for which the benefit place is to be relegated
Stage 5) In the following exchange box , Select 'Deals General/Plant' View of the material expert
Stage 6) In the following exchange box , Enter the Following
- Enter the Plant for the Material
- Enter the Sales Organization
- Enter the Distribution channel
Stage 7) In the following screen, Enter the Profit Center in the Master
Stage 8) Press 'Save' button from the SAP Standard Toolbar to finish the task
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