01 Fico Configuration Notes

Product Costing Notes sap.rashid@yahoo.
com
SAP Product Costing Simplified for

Beginners
By
Mohammed Rashid
SAP Consultant
For SAP Consulting visit us at www.diligenttechies.in
diligenttechies.in Course available on udemy.com

Product Costing Notes sap.rashid@yahoo.com
FI Configuration Steps
1. Define Company Code OX02
2. Assign Company Code To Fiscal Year Variant OB37
3. Definition of Posting Period Variant OBBO
4. Assign Posting Period Variant To Company Code OBBP
5. Open And Close Posting Periods OB52
6. Define Field Status Variants (FSTV) OBC4
7. Assign Company Code to Field Status Variants
8. Define Chart of Accounts OB13
9. Assign Company Code To Chart Of Accounts OB62
10. Define Account Groups- OBD4
11. Define Retained Earnings Account OB53
12. Define Number Ranges For Document Types OBA7 / FBN1
13. Define Tolerance Groups For G/L Accounts OBA0
14. Define Tolerance Groups For Employees OBA4
15. Assign Users to Tolerance Groups OB57
16. Deactivate Document Splitting SM30
17. Assign Country to Calculation Procedure OBBG

Organization Structure
All Course links: available on udemy at low cost

SAP FICO Product Cost by Order Simplified for Beginner
SAP FICO (Finance & Controlling ) Simplified
SAP MM -Material Management Simplified
SAP FICO-Electronic Bank Statement(EBS)+LOCKBOX
SAP LSMW -3 Methods + S/4 HANA Migration Cockpit + BDC

FI Configuration
1. Define Company Code – TC – OX02 DKE1
SAP IMG-->Enterprise Structure-->Definition-->Financial Accounting-->Edit, Copy,

Delete, Check Company Code
Double Click on: “Edit Company Code Data”

Click “new entries”
Company code =
Company name =
City =
Country =
Currency =
Language = Click on Save
Title =
Country = Press Enter
Press Enter to save in Request.
2. Assign Company Code To Fiscal Year Variant – TC – OB37

SAP IMG-->Financial Accounting-->Financial Accounting Global Settings-->Fiscal Year--
>Assign Company Code to a Fiscal Year Variant
Click on Position Button
Company code = Press Enter
Fiscal year variant = K0 Click on Save K4 BZDE 4 DÖNEM OLDUUÇN

If any warning messages are displayed ignore the warning message by pressing Enter
Button in the key board.

3. Definition of Posting Period Variant – TC- OBBO

SAP IMG-->Financial Accounting-->Financial Accounting Global Settings-->Document--
>Posting Periods-->Define Variants for Open Posting Periods
Click on “new entries”

Variant =
Name = Click on Save
4. Assign Posting Period Variant To Company Code -TC- OBBP

>Posting Periods-->Assign Variants to Company Code
Click on “position” button

Company code = Press Enter
Variant = Click on Save
5. Open And Close Posting Periods -TC- OB52

>Posting Periods-->Open and Close Posting Periods
Click on “New Entries”
To
A/c From From To From
Variant To Acc Year Year Year Per Year
Type Acc Per 1 Per 1 per 2
2
+ 1 2020 12 2021
Click on save

6. Define Field Status Variants (FSTV) – TC- OBC4

>Line Item-->Controls-->Define Field Status Variants
Select “0001” Field Status Variant line

Click on “copy as” button
FSTV =
Field status name = Press Enter
Click on “copy all” button and Press Enter on the message
Click on Save
7. Assign Company Code to Field Status Variants BU ALANIN TRANSACTON KODUNU ÖREN

>Line Item-->Controls-->Assign Company Code to Field Status Variants
Click on Position
Company Code = Press Enter
Field Status Variant = Click on Save
8. Define Chart of Accounts – TC – OB13

SAP IMG-->Financial Accounting-->General Ledger Accounting-->G/L Accounts--
>Master Data-->Preparations-->Edit Chart of Accounts List

Chart of accounts =
Description =
Maintenance language =
Length of GL A/c No =
Controlling Integration = Manual Creation of Cost Elements Click on Save
Note: Maximum length of Chart of Account is 10. Length of GL account is based on the
requirement of the Business.

9. Assign Company Code To Chart Of Accounts - TC- OB62

IMG-->Financial Accounting-->General Ledger Accounting-->G/L Accounts-->Master
Data-->Preparations-->Assign Company Code to Chart of Accounts

Chart of accounts = Click on Save
10. Define Account Groups- TC- OBD4

Data-->Preparations-->Define Account Group
Chart of Account Account Group Name From To

ASST Assets 200000 299999
LAIB Liabilities 100000 199999
EXPE Expenses 400000 499999
INCO Income 300000 399999
Click on Save
11. Define Retained Earnings Account - TC- OB53

Data-->Preparations-->Define Retained Earnings Account
Chart of accounts = Press Enter

P&L statement A/c type = X
Account = 100000
Warning message appears. Ignore it by Pressing Enter again.
Click on Save
Don’t forget to create Retained Earnings GL Account

12. Define Number Ranges For Document Types – OBA7 / FBN1

The document type is a key that is used to classify Accounting documents and distinguish
between business transactions to be posted.
Document Type Description
SA GL Document
RE MM Vendor Invoice
RV SD Billing Document
WA Goods Issues
WE Goods Receipts
Click on “Number Range Information” TC - FBN1

Company code =
Click on” (change) intervals” button
Click on “(insert) intervals” button
Doc type Number Range Year From To

SA 01 2021 100000 109999
RE 51 2021 510000 519999
RV 14 2021 140000 149999
WA 49 2021 490000 499999
WE 50 2021 500000 509999
Press Enter
Click On Save

13. Define Tolerance Groups For G/L Accounts -TC – OBA0

SAP IMG-->Financial Accounting-->General Ledger Accounting-->Business Transactions-
->Open Item Clearing-->Clearing Differences-->Define Tolerance Groups for G/L
Accounts
Company code =
Tolerance group =
Name = Click on Save
14. Define Tolerance Groups For Employees -TC - OBA4

->Open Item Clearing-->Clearing Differences-->Define Tolerance Groups for Employees

Group = blank
Company code =
Amount per document = 9.999.999.999,00
Amount per open item = 99.999.999,00
Cash discount per line item = blank Click on Save
15. Assign Users to Tolerance Groups - TC- OB57

->Open Item Clearing-->Clearing Differences-->Assign Users to Tolerance Groups

User name =
Tolerance group = Click On Save

16. Deactivate Document Splitting – TC – SM30

IMG-Financial Accounting (New) - General Ledger Accounting (New) - Business
Transactions- Document splitting - Activate Document splitting
Table = V_FAGL_SPLIT_ACT
Click on Maintain
Click on “Position” button,
Select "Inactive" option against your Company Code.
Click On Save
Note: By default, it is activated, deactivate it

Tax on Sales and Purchases
1. Check Calculation Procedure
SAP IMG-->Financial Accounting-->Financial Accounting Global Settings-->Tax on
Sales/Purchases-->Basic Settings-->Check Calculation Procedure
Double click on “Define Procedures”
Click on save
Select “TAXIN” and click on “Control Data”
Click on Save
2. Assign Country to Calculation Procedure
Sales/Purchases-->Basic Settings-->Assign Country to Calculation Procedure
Click on Position
Country = (Enter Company Code Country) Press Enter

Click on Save
3. Define Tax Codes for Sales and Purchases FTXP
Sales/Purchases-->Calculation-->Define Tax Codes for Sales and Purchases
Country = Press Enter
Tax Code = V0 Press Enter
Description = 0% Input Tax
Tax Type = V- Input Press Enter
Enter ‘0’ in Input Tax Cell Press Enter & Save
Tax Code = A0 Press Enter
Description = 0% Output Tax
Tax Type = A- Output Press Enter
Enter ‘0’ in Output Tax Cell Press Enter & Save

4. Create TAX GL accounts
Input Tax GL - 200600
Output Tax GL - 100600
Define Tax Accounts OB40
Sales/Purchases-->Posting-->Define Tax Accounts
Double click on “VST”
Chart of Accounts = Press Enter
Select Tax Code check box Click on Save
Tax Code = V0
Account = 200600 Press Enter & Save
Double click on “MWS”
Select Tax Code check box Click on Save
Tax Code = A0
Account = 100600 Press Enter & Save

Configuration
Configuration Steps:
1. Maintain Controlling Area OKKP
2. Maintain Number Ranges for Controlling Documents KANK
3. Maintain versions OKEQ
4 Maintain Standard Hierarchy for Controlling Area OKW1

1. Maintain Controlling Area Path: TC - OKKP

SAP IMG-->Controlling-->General Controlling-->Organization-->Maintain Controlling Area
Double Click "Maintain Controlling Area”
Click "New entries"

Controlling Area =
Controlling Area Name = Controlling Area
Company Code to Controlling Area = Cross Company Code Cost Accounting
Currency type = 30 (Group Currency)
Currency = System Pick Automatically, don’t Enter Manually
Cost center standard hierarchy =
be created as a standard hierarchy? Click on Yes
Click on Save
Double Click "Assignment of Company Codes"

Click "New entries",
Company Code = Click on Save
Double Click "Activate Components / Control Indicators"

Click on New Entries
Fiscal Year =
Cost centers = Component active
Order Management = Component active
Acty-Based Costing = Component Active
Select “Sales Order “check Box
Select “ Cost Object “ check box
Select “All currencies “ check box
Select “ Variance “ check box
Select “ CoCd Validation”

Click on Save
Press Enter
2. Maintain Number Ranges for Controlling Documents - TC - KANK

SAP IMG-->Controlling-->General Controlling-->Organization-->Maintain Number Ranges
for Controlling Documents
CO area =
Click on "(Maintain) Groups",
Click on “ Group – Create”
Group Text = Number range for CO Area______
From Number = 100000

To = 1999999 Click on Save
Click on "COIN”,
Click on “(Assign) Element Group" button
Double click on create Group
Click on Save
3. Maintain Versions -TC - OKEQ

SAP IMG-->Controlling-->General Controlling-->Organization-->Maintain Versions
Select Version “O”,
Double Click "Settings for each Fiscal Year"
CO Area = Press Enter & Save
Click on “ Details”
Select “Copying Allowed” check box

Exchange Rate Type =

Value Date =
Click on “Price Calculation”
Plan Method = Average Price

Actual Method = Periodic Price
Revaluation = Own Business Transaction Click on Save
4. Maintain Standard Hierarchy for Controlling Area – OKW1
SAP IMG-->Controlling-->Activity-Based Costing-->Maintain Standard Hierarchy for

Controlling Area
Click on Position
Controlling Area = Press Enter
Std Hierarchy = Click on Save
End-User Testing
1. Create General Ledger Accounts – FS00
a. Retained Earnings Account - 100000
b. Cash in Hand Account -200100
c. Rent Expenses - 400100
2. Post document for Testing -FB01


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Product Costing Notes sap.rashid@yahoo.

SAP Product Costing Simplified for

For SAP Consulting visit us at www.diligenttechies.in

diligenttechies.in Course available on udemy.com

1. Define Company Code OX02

2. Assign Company Code To Fiscal Year Variant OB37

3. Definition of Posting Period Variant OBBO

4. Assign Posting Period Variant To Company Code OBBP

5. Open And Close Posting Periods OB52

6. Define Field Status Variants (FSTV) OBC4

7. Assign Company Code to Field Status Variants

8. Define Chart of Accounts OB13

9. Assign Company Code To Chart Of Accounts OB62

10. Define Account Groups- OBD4

11. Define Retained Earnings Account OB53

12. Define Number Ranges For Document Types OBA7 / FBN1

13. Define Tolerance Groups For G/L Accounts OBA0

14. Define Tolerance Groups For Employees OBA4

15. Assign Users to Tolerance Groups OB57

16. Deactivate Document Splitting SM30

17. Assign Country to Calculation Procedure OBBG

diligenttechies.in Course available on udemy.com

All Course links: available on udemy at low cost

SAP FICO (Finance & Controlling ) Simplified

SAP MM -Material Management Simplified

SAP FICO-Electronic Bank Statement(EBS)+LOCKBOX

SAP LSMW -3 Methods + S/4 HANA Migration Cockpit + BDC

diligenttechies.in Course available on udemy.com

1. Define Company Code – TC – OX02 DKE1

SAP IMG-->Enterprise Structure-->Definition-->Financial Accounting-->Edit, Copy,

Double Click on: “Edit Company Code Data”

Press Enter to save in Request.

2. Assign Company Code To Fiscal Year Variant – TC – OB37

Click on Position Button

diligenttechies.in Course available on udemy.com

3. Definition of Posting Period Variant – TC- OBBO

Click on “new entries”

4. Assign Posting Period Variant To Company Code -TC- OBBP

Click on “position” button

5. Open And Close Posting Periods -TC- OB52

diligenttechies.in Course available on udemy.com

6. Define Field Status Variants (FSTV) – TC- OBC4

Select “0001” Field Status Variant line

SAP IMG-->Financial Accounting-->Financial Accounting Global Settings-->Document--

8. Define Chart of Accounts – TC – OB13

Click on “new entries”

diligenttechies.in Course available on udemy.com

9. Assign Company Code To Chart Of Accounts - TC- OB62

Click on Position Button

10. Define Account Groups- TC- OBD4

Click on “New Entries”

Chart of Account Account Group Name From To

11. Define Retained Earnings Account - TC- OB53

Chart of accounts = Press Enter

Don’t forget to create Retained Earnings GL Account

diligenttechies.in Course available on udemy.com

12. Define Number Ranges For Document Types – OBA7 / FBN1

Document Type Description

Click on “Number Range Information” TC - FBN1

Doc type Number Range Year From To

diligenttechies.in Course available on udemy.com

13. Define Tolerance Groups For G/L Accounts -TC – OBA0

14. Define Tolerance Groups For Employees -TC - OBA4