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SAP Finance Configuration Steps

SAP Finance configuration step by step :-

Sub Modules of SAP FI :- Important Modules of SAP Financial Accounting are 

  1. General Ledger
  2. Accounts Payable
  3. Accounts Receivable
  4. Asset Accounting
  5. Bank Accounting

Enterprise SAP Finance Configuration :- 

Below are the steps of Enterprise SAP Finance configurations

Step 1 :- Define Company

T Code :- OX15

Menu Path :- SPRO –> IMG –> Enterprise Structure –> Definition –> Finance Accounting –> Define Company

Step 2 :- Define Company Code

T Code :- OX02

Menu Path :- SPRO –> IMG –> Enterprise Structure –> Definition –> Finance Accounting –> Edit, Copy, Delete, Check Company Code

Step 3 :- Assign Company code to Company

T Code :- OX16

Menu Path :- IMG –> Enterprise Structure –> Assignment –> Finance Accounting –> Assign Company Code to Company

Step 4 :- Define Business Area

T Code :- OX03

Menu Path :- IMG –> Enterprise Structure –> Definition –> Finance Accounting –> Define Business Area

Step 5 :- Maintain Fiscal Year

T Code :- OB29 

Menu Path :- IMG –> Finance Accounting –> Finance Accounting Global Settings –> Fiscal Year –> Maintain Fiscal year variant

Step 6 :- Assign Fiscal Year Variant to Company Code

T Code :- OB37

Menu Path :- IMG –> Finance Accounting –> Finance Accounting Global Settings –> Fiscal Year –> Assign Company Code to Fiscal Year variant

Step 7 :- Define Posting Period Varaint

T Code :- OBBO

Menu Path :- IMG –> Finance Accounting –> Finance Accounting Global Settings –> Documents –> Posting Period –> Define variants for opening Posting period

Step 8 :- Define Variant for opening & Closing posting period

T Code :- OB52

Menu Path :- IMG –> Finance Accounting –> Finance Accounting Global Settings –> Documents –> Posting Period –> open and close posting periods

Step 9 :- Assign Variant to Company Code

T Code :- OBBP

Menu Path :- IMG –> Finance Accounting –> Finance Accounting Global Settings –> Documents –> Posting Period –> Assign Variants to Company code

Step 10 :- Define Field Status Variant

T Code :- OBC4

Menu Path :- IMG –> Finance Accounting –> Finance Accounting Global Settings –> Documents –> Line Item –> Controls –> Define Field status variants 

Step 11 :-  Assign Field Status Variant to Company Code

T Code :- OBC5

Menu Path :- IMG –> Finance Accounting –> Finance Accounting Global Settings –> Documents –> Line Item –> Controls –>   Assign Company code to Field Status Variants

Step 12 :- Define Document Types

T Code :- OBA7

Menu Path :- IMG –> Financial A/C –> Global Settings –> Documents –> Document Header –> Define Document types

Step 13 :-  Define Document Number Ranges

T Code :- FBN1

Menu Path :-  IMG –> Financial A/C –> Global Settings –> Documents –> Document Number Range –> Define Document number range

Step 14 :- Define Tolerance Group for G/L A/C

T Code :- OBA0

Menu Path :- IMG –> Financial accounting –> G/L Accounting –> Business transactions –> Open Item Clearing –> Clearing Differences –> Define Tolerance Groups for General Ledger Accounts

Step 15 :- Define Tolerance for Employee

T Code :- OBA4

Menu Path :- IMG –> Financial A/C –> G/L Accounting –> Business transactions –> Open Item Clearing –> Clearing Differences –> Define tolerance for employee

Step 16 :- Define Retain Earning A/c

T Code :- OB53

Menu Path :- IMG –> Financial A/C –> G/L Accounting –> GL Accounts –> Master Data–> Preparations –> Define Retain Earnings Account

Step 17 :- Define Posting Keys

T Code :- OB41

Menu Path :-   IMG –> Finance Accounting –> Finance Accounting Global Settings –> Documents –> Line Item –> Controls –>   Define Posting Keys

 

General Ledger SAP Finance Configuration Steps :- 

Below are the SAP Finance configuration steps of General Ledger

Step 18 :- Define Chart of Accounts

T Code :- OB13 

Menu Path :- IMG –> Financial accounting –> G/L Accounting –> GL Accounts –> Master Data–> Preparations –> Edit Chart of Accounts list

Step 19 :- Assign Chart of Accounts to Company Code

T Code :- OB62

Menu Path :-   IMG –> Financial accounting –> G/L Accounting –> GL Accounts –> Master Data–> Preparations –> Assign Company Code to Chart of Account

Step 20 :- Define Account Group

T Code :- OBD4

Menu Path :-   IMG –> Financial accounting –> G/L Accounting –> GL Accounts –> Master Data–> Preparations –> Define Account Groups

Step 21 :- Creation of GL Master Records

T Code :- FS00

Menu Path :- IMG –> Financial accounting –> G/L Accounting –> GL Accounts –> Master Data–> Preparations –> GL Account Creation and Processing –> Edit G/L Account 

 

Accounts Payable SAP Finance Configuration

Below are the SAP Finance Configuration of Accounts Payable

Step 22 :- Define Account Group with screen layout

T Code :- OBD3

Menu Path :- IMG > Financial accounting –> Accounts Receivable and Accounts Payable –> Vendor Accounts –>Master data –> preparation for creating vendor master data –> Define Account Groups with Screen Layout (Vendors)

Step 23 :- Create Number range for Vendor A/C

T Code :- XKN1

Menu Path :- IMG > Financial accounting –> Accounts Receivable and Accounts Payable –> Vendor Accounts –> Master data –> Preparation for creating vendor master data –> Create number ranges for vendors account

Step 24 :- Assign Number ranges to Vendor Account Group

T Code :- OBAS

Menu Path :-   Financial accounting –> Accounts receivable and accounts payable –> Vendor Accounts –>Master data –> preparation for creating vendor master data –> Assign Number Range to Vendor Account Groups

Step 25 :- Define Vendor Tolerance

T Code :- OBA3

Menu Path :- Financial accounting –> Accounts receivable and accounts payable –> Business transactions –> Outgoing payments –> Manual outgoing payments –>Define Vendor Tolerance

Step 26 :- Create Sundry Creditors

T Code :- FS00

Menu Path :- Accounting –> Finance Accounting –> General Ledger –> Master Records –> Individual Processing  –> Create Centrally

Step 27 :- Creation of Vendor Master Records

T Code :- XK01

Menu Path :- SAP Menu –> Accounting –> Finance Accounting –> Account payable –> Master Records –> Maintain Centrally –> Create 

Step 28 :- Define Payment terms for Vendor

T Code :- OBB8

 

Account Receivable SAP Finance Configuration

Below are the SAP Finance Configuration of Accounts Receivable

Step 29 :- Define Customer Account Groups

T Code :- OBD2

Menu Path :- IMG > Finance Accounting –> Accounts Receivable and Accounts Payable –> Customer Accounts –> Master Data –> Preparation for creating customer master data –> Define Customer Account Groups

Step 30 :- Create Number range for Customer

T Code :- XDN1

Menu Path :- Finance Accounting –> Accounts Receivable and Accounts Payable –> Customer Accounts –> Master Data –> Preparation for creating customer master data –> Create Number Ranges for Customer Accounts

Step 31 :- Assign No range customer

Menu Path :-  IMG > Finance Accounting –> Accounts Receivable and Accounts Payable –> Customer Accounts –> Master Data –> Preparation for creating customer master data –> Assign Number ranges to Customer Accounts groups

Step 32 :- Create Sundry Debtors ( Reconciliation Account )

T Code :- FS00

Menu Path :- Finance Accounting –> Accounts Receivable and Accounts Payable –> Business Transactions –> Incoming payments –> Manual incoming payments –> Define Tolerance ( Customer )

Step 33 :- Creating Customer Master Record

T Code :- XD01

Menu Path :- SAP Menu –> Accounting –> Finance Accounting –> Accounts Receivable –> Master Records –> Create Customer Master Record

Step 34 :- Define Tolerance for Customer

T Code :- OBA3

Menu Path :-Finance Accounting –> Accounts Receivable and Accounts Payable –> Business Transactions –> Incoming payments –> Manual incoming payments –> Define Tolerance ( Customer )

Step 35 :- Define Dunning Area

T Code :- OB61

Menu Path :- IMG > Finance Accounting –> Accounts Receivable and Accounts Payable –> Business Transactions –>Dunning –> Basic Settings for Dunning –> Define Dunning Area

Step 36 :- Define Bills of Exchange

T Code :- OBYN

Menu Path :- IMG –> Finance Accounting –> Bank Accounting –> Business Transactions –> Bills of Exchange Transactions –> Bills of exchange receivable –> Define Alternative recon a/c for bills of exchange

 

Tax on Sales /Tax on Purchases SAP Finance Configuration

Below are the SAP Finace Configuration of Taxes

Step 37 :- Define Condition Type

T Code :- OBYZ

Menu Path :- IMG > Financial A/C > Global Settings > Tax on sales/purchase > Basic Settings > Check calculation procedure > Define condition type

Step 38 :- Assign Procedure to Country

T Code :- OBBG

Menu Path :- IMG > Financial A/C > Global Settings > Tax on sales/purchase > Basic Settings > Check calculation procedure > Assign procedure to country

Step 39 :- Define Tax Codes

T Code :- FTXP

Menu Path :- IMG > Financial A/C > Global Settings > Tax on sales/purchase > Calculation > Define tax codes

 

Asset Accounting SAP Finance Configuration

Steps of Assets Accounting SAP Finance Configuration

Step 40 :- Copy Reference Chart of Depreciation

T Code :- EC08

Menu Path :-   Finance Accounting –> Asset Accounting –> Organisational Structure –> Copy Reference Chart of Depreciation/ Depreciation Area

Step 41 :- Assign Chart of Depreciation Area to Company Code

T Code :- OAOB

Menu Path :-  Finance Accounting –> Asset Accounting –> Organisational Structure –>Assign Chart of Depreciation to Company Code

Step 42 :-  Specify Account Determination

Menu Path :- Finance Accounting –> Asset Accounting –> Organisational Structure –> Asset Classes –> Specify Account Determination

Step 43 :- Create Screen Layout Rules

Menu Path :- Finance Accounting –> Asset Accounting –> Organisational Structure –> Asset Classes –> Create screen Layout Rule

Step 44 :- Define Number Range Interval

T Code :-  AS08

Menu Path :- Finance Accounting –> Asset Accounting –> Organisational Structure –> Asset Classes –> Define Number range Interval

Step 45 :- Define Asset Class

T Code :- OAOA

Menu Path :- IMG > Finance Accounting –> Asset Accounting –> Organisational Structure –> Asset Classes –> Define Asset Classe

Step 46 :- Define Depreciation Methods

Menu Path :- IMG –> Finance Accounting –> Asset Accounting –>Depreciation –> Valuation methods –>Depreciation  Key –> Calculation methods

Step 47 :- Maintain Depreciation Key

T Code :- AFAMA

Menu Path :- IMG –> Finance Accounting –> Asset Accounting –>Depreciation –> Valuation methods –>Depreciation  Key –> Maintain Depreciation Key

Step 48 :- Create Asset Master record

T Code :- AS01

Menu Path :- SAP Menu –> Accounting –> Finance Accounting –> Fixed Assets –> Asset –> Create Asset Master Record

Step 49 :- Depreciation Run

T Code :- AFAB

Menu Path :- IMG –> Finance Accounting –> Fixed Assets –> Periodic Processing –> Depreciation Run –> Execute

 

House Banking SAP Finance Configuration

Below are the Steps of SAP Finance Configuration of bank Accounting

Step 50 :- Define House Bank

T Code :- FI12

Menu Path :- IMG –> Finance Accounting –> Bank Accounting –> Bank Accounts –> Define house banks

Step 51 :- Create Bank Key

T Code :- FI01

Menu Path :- SAP Menu –> Accounting –> Finance Accounting –> Accounts Receivable –> Master Records –> Bank –> Create bank Key 

Step 52 :- Automatic Payment Program

T Code :- FBZP

Menu Path :- IMG –> Finance Accounting –> Accounts Receivable & Payable –> Business Transactions –> Outgoing Payments –> Automatic Outgoing Payments –> Payment method/Bank Selection for Payment program.