FICA Training_Day 1

SAP FICA- Financial Contract Accounting (Utilities) is the sub ledger of SAP FI--- Contract Account Receivable It’s mainly handling with the customer accounts.

Reconciliation Process:- WE do the reconciliation through the reconciliation key. First we assign, then close and transfer the key to post those entries to particular G/L For the G/L account assignment and what would be the tax code, profit center, cost center--- It needs main & sub transaction, Division,ACC Det id, Company code (Configuration of EK02) In the transaction EK01, we do assign the G/L corresponding to main transaction. Company code Paying company code Main transaction—What kind of posting is going going to happen (Invoicing) (Invoicing) Invoice amount- 100$ (billing charges-80$, Tax-5$, Expenditure- 85$, Profit- 15$) Sub Transaction—It defines is it a credit or debit posting, It defines how much is the expenditure and how much is the revenue For a combination combination of main & sub transaction--- You can assign payment lock/clearing lock, statistical key(G/H/..), Manual posting is allowed or not A document which is having the stat key is called a statistical item.(installment plan, budget billing, converted write off etc) Diff between the stat and real item:--- Difference is Stat items don’t go to G/L so there will be no G/L posting .

Invoice (5551)- 100$ --- it posted to the G/L 1001 We create 50$ installment for consecutive two months. —a new document will be created (Doc- 7771) as stat item.. comes with restriction 8 Posting Are 0050 you define real main /sub trans for the statistical main/sub trans In the next invoicing for that stat entry a new real entry is going to be posted. 0050 0010 (main/sub for stat) —stat key g 0050 0020(main/sub real) —no stat key

Con fig main and sub--- it is done in the basic function-> posting & doc->define sub transact ( there is no G/L assignment) But in ek02 you do the G/L assignment. Account Det Key- it gives you the flexibility to define a type of account. It can be defined in contract account level as well as contract level. Payment Terms:- it’s used for due date calculation., Deferral Due Date is having the higher priority over the normal due date.( it maintained in the document level). If you have a promise to pay then it’s going to have priority over t he normal due date The FICA document is the unit , using the transaction FPE1 you can post a document manually. It can used for two purposes.. first to post a document on contract account level or it can be used to post a document directly on the G/L level level without affecting the contract account. account. It’s frequently used for the daily G/L balancing purpose.