This video provides a detailed walkthrough on how to create, block, and delete a general ledger account in SAP S4 HANA Financial Accounting. Here’s a summary of the key points from the video:
- Creating a General Ledger Account: The creation of a general ledger account happens at two levels: the chart of account level and the company code level. The account is first created at the chart of account level and added to the list of chart of account general ledger accounts. However, to post any financial transaction, the account must also be created at the company code level. The video demonstrates this process using the FS00 transaction code in SAP.
- Account Types: There are multiple general ledger account types available in the system, including balance sheet accounts, non-operating expense or income, primary cost or revenue, secondary cost, and cash accounts. The type of account to be created depends on the nature of the transactions that will be posted to it.
- Reconciliation Account: The video explains the concept of a reconciliation account, which is used to consolidate financial entries from multiple customers. This helps to reduce the need for multiple postings of entries and simplifies the process.
- Blocking and Deleting Accounts: If you want to block a general ledger account, you can do so at the chart of account level or the company code level. To delete an account, the system will update the account and mark a deletion flag for it.
- Account Groups: The video also mentions the use of account groups, which are defined by the company code. These groups help to categorize and manage general ledger accounts.
Click to rate this post!
[Total: 0 Average: 0]