Tax Fulfillment Date for post cash journal entry – Tax Fulfillment Date field appears at the header level of the financial accounting document generated from the cash journalġ8. Open item management in the GL master data Appġ7. GR/IR Process insights -Reconciliation activitiesĢV7 (Monitoring of Goods and Invoice Receipts)įI-FIO-GL-IS ( Fiori UI for General Ledger Accounting – Information System)ġ6. when you use extended open item management, this program must be used for clearingįI-GL-GL-A ( General Ledger Accounting – Basic Functions – Posting/Clearing)ġ5.clear open items from GR/IR clearing accounts automatically.J58 ( Accounting and Financial Close), O58 ( Accounting and Financial Close), 2OO ( External Tax Audit) Extended open item management for goods receipt/invoice receipt (GR/IR) accounts – It enables the posting of journal entries with more than 999-line items on these accounts. Recalculate local currency amounts for automatic reversal- you can choose to recalculate the reversal amount in local currencies with a new exchange rate based on your business requirementsġ3. Amount in global currency and freely defined currency – In addition to the amount in transaction currency and company code currency, you can view the amount in global currency and freely defined currency in the apps for journal entry verification.ġ2. Purchase order Deferrals – Introduces deferred expense and purchase order deferralsġ1. Email notification for reviewing purchase order accrualsġ0.Posting history of accruals sub objects.(Note – The journal entry templates that SAP per-delivered can’t be deleted) Option to delete the Journal entry template Change in Manage Journal entries– enables you to analyze your journal entries and create reversals to make any necessary adjustmentsĨ. Changes in verification Workflow – to check the sanctity of the data and error free Journal entriesħ. Changes in Account determination – Target accounts config for automatic postingsįI-FIO-GL-CA ( Cross Application Configuration in General Ledger)Ħ. Run Compliance Reports app: FI-LOC-SRF-RUNĭefine Compliance Reports app: FI-LOC-SRF-DEFĥ. Enhanced Apps are available with new release Contract cash flow – detailed cash flow for contracts that have been calculated with cash flows.Ĥ.Contract Management – search and filter for existing contracts, create new contracts, and edit contracts.ġT6 ( Lease-In Accounting), 21P ( Lease-In Accounting – Group Ledger IFRS), 21Q ( Lease-Out Accounting), 21R ( Service Contract), 2O9 ( Intercompany Process for Sublease Accounting), 2SA ( Lease-Out for Sublease Accounting – Group Ledger IFRS), 2SB ( Lease-Out for Sublease Accounting), 34N ( Lease-In Accounting – Group Ledger US GAAP), 34O ( Lease-Out for Sublease Accounting – Group Ledger US GAAP).A new tile to be used Make Company Code Settings – Asset Accounting-Specific instead of the tile Execute/Undo Year-End Closing (will be deleted in the next release)Īsset Accounting – Periodic Activities ( SAP_SFIN_BC_AA_PER_ACT) Depreciation can be posted again for the periods prior to the periods last posted.Ģ. Let’s have quick look at these functions and Apps introduced as part of S4 Hana 2021 upgrade pack.ġ. SAP has introduced new Fiori Apps for few complex config and functions in Finance. They tend to smoothen the complex processes which critical to business like Depreciation posting, Reversal of journals, invoice management, Balance carry forward and so on. This article is focused on what is being offered new functionalities in Finance which are beneficial to the users as part of their daily business or month end or year end processes.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |