The gentleman in charge of setting up all of the GL accounts were chatting about a conversion and he commented to me “I don’t know what all of these settings do. I just follow the instructions that you guys gave … Continue reading
In the previous two articles on SAP GL conversions, we discussed the process of GL conversions, journal entry flows, and how to handle reconciliation accounts. In this final article, we’ll look at a couple pain points and keys to success that arise … Continue reading
House Bank Accounts (HBAs) in SAP are often configured incorrectly during an implementation. This improper configuration causes problems later when additional sub modules such as Electronic Bank Statement (EBS), Cash Forecasting, and Check Reconciliation are brought into scope. In this article, we … Continue reading
The United States, unlike much of the world, still relies heavily on paper checks for payments. In order to facilitate internal control and to streamline processing, many companies utilize a lockbox service at a bank. In this article, we’ll examine … Continue reading
In my previous post, I discussed the basic process for performing GL conversion. In this post, we’ll turn it up a notch and explore the basic journal entry flow as well as examine a few cases of how to handle subledger … Continue reading
It amazes me that GL conversions go so wrong so often. The recipe is straightforward and if the legacy data is good enough, there is rarely an excuse to have trouble during GL conversions. Yet, I’ve seen quite a few … Continue reading
The SAP fixed assets (FI-FA) module has a unique organization structure to enable accurate reporting for multiple purposes. First, each asset must be valued properly for financial reporting purposes. If multiple standards are being used, such as US GAAP and … Continue reading
Understanding currency types in SAP FI is critical for both users and consultants. If a user does not understand the currency types, then they will book entries wrong. If the consultant does not understand them, then serious valuation problems can … Continue reading