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SAP FICO Master Data Creation Notes, User Guides

In this document you will find Master Data related notes, end-user guides for SAP FI/CO. The settings are covered per requirements of specific company ( mostly CIN related ) but also applies to general knowledge.

  • Creation of General Ledger Account (FS00)
  • Extending GL accounts (FS15)
  • Creation of Primary Cost Element (KA01)
  • Maintaining Cost and Activity Type (KP26)
  • Allocation Cost Element
  • Creation of Secondary Cost Element (KA06)
  • Creation of Vendor Master Codes (FK01)
  • Creation of Customer Master Codes (FD01)
  • Creation of Internal Order Master (KO01)
  • Creation of Asset Master Codes (AS01)
  • Creation of Asset Sub-number Codes (AS11)
  • Creation of Bank Key Masters (FI01)
  • Creation of House bank (FI12)

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Lockbox Processing Configuration in SAP

Lockbox is an account in the House Bank which handles the receipt and processing of incoming payments in SAP. This service is mainly provided by banks in the United States. When ever a sales is made party will credit payment to this lock box account in terms of certain invoice in house bank so in that scenario bank will update the data every day by sending a BAI1 and BAI2 (bank adminstrative institute ) files for you to import and apply in Accounts Receivable.
In the following, you will find a step by step configuration procedures of Lockbox Process.

  • Define House Banks (FI12)
  • Define Lockboxs of House Banks (SPRO)
  • Define Control Parameters (SPRO)
  • Define Posting Data (SPRO)

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