FI-CO

Dunning Definition,Procedures and Useful Notes

Definition:

Dunning is a reminder to the customer or vendor to make payment on outstanding invoices. It typically consists of a letter that summarizes the invoices that are past due and politely requests payment to be made. When you customize dunning you have to create dunning area like at what level you want to use the dunning, like business area level or company code level. After that you have to make settings for dunning procedure, in that you have to define no of due dates and no of dunning levels. there are maximum 9 levels are there.

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Automatic Creation of Primary and Secondary Cost Elements

Part of SAP Controlling module is Cost Element Accounting. It is under this area where you maintain directly master data of cost elements. Just to refresh your mind about cost element.

There are two types of cost elements in Controlling, namely; primary and secondary cost element. Primary cost elements are use to transfer P&L account postings in Financial (FI) to Controlling (CO). It is a requirement that all P&L accounts should have a primary cost elements; otherwise, transactions can not be posted involving P&L accounts in FI. On the other hand, secondary cost elements are use only for allocation and assessment purposes as period-end process.

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Activate New General Ledger

For initial installations (new SAP customers), the new G/L is active by default in mySAP ERP. SAP advises that customers with new installations use the new G/L. These customers can still use the classic G/L if they prefer, but this may cause difficulties for future G/L migration projects. If existing customers want to use the new G/L, they have to activate it.

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Currencies in Fixed Asset Accounting

Currencies in Fixed Asset Accounting is a recurring topic of misunderstandings.The following explanations usually apply to all postings to Fixed Assets.  In individual cases, deeper integration may cause differences in postings from FI, or there are advanced options for intervening in the process.

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Step by Step Guide to New Company Code Configuration in SAP

This document describes how a new company code is added to an existing SAP R/3 environment. Here the company code is not created from scratch, but as a copy from an existing company code. This document wants to point out what information is transferred in the copy and at which points you must interfere.

Contents:

  • New Company Code
  • Environment
  • Enterprise Structure
  • Edit Company Code Data
  • Company
  • Credit Control Area, Business Area
  • Assignment Of Structures
  • Financial Accounting – Global Settings
  • Asset Accounting
  • Bank Accounts
  • Accounts Receivables And Payables
  • Controlling
  • Fi Automatic Account Determination

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Benefits of New General Ledger

New General Ledger Accounting in mySAP ERP has the following advantages compared to classic General Ledger Accounting:

New General Ledger Accounting has an extended data structure in the standard delivery.
Customer fields can also be added to the general ledger.

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