Financial Accounting Basic Settings:

• Creation and assignment of company and company code
• Creation of business area
• Defining and assignment of fiscal year variant
• Defining and assignment of posting period variant
• Defining open and closing posting periods
• Defining document type & number ranges
• Maintenance and assignment of field status variants
• Defining and assignment of tolerance groups of employees
• Taxes on Sales & Purchases (input & output)
• Creation of chart of Accounts
• Defining Accounts Groups
• Defining Retained Earnings Account.
• Defining tolerance groups for G/I accounts

General Ledger Accounting

• Creation of General Ledger Master (with and without reference)
• Display/Change/Block/Unblock of general ledger master
• Document Entry posting normal postings posting with reference
• Display and change of documents
• Display of GL balances and Line items
• Parked documents & hold documents
• Creation of Sample Document and posting
• Defining recurring entry document and posting
• Configuration of line layouts for display of GL line items
• Reversal of individual documents, mass reversal , reversal of<br>cleared items and reversal
of accrual and deferral documents
• Defining Exchange Rate types and Translation ratios
• Define Exchange rates &  posting of foreign currency transactions
•  Interest calculations on term loans

Accounts Payable

• Creation of vendor account groups and assignment of number ranges
• Creation of tolerance group for venders
• Creation of vendor master (display/change/block/unblock of vender master)
• Posting of vendor transactions (invoice posting, payment posting, credit memo)
• Settings for advance payments to parties (down payment) and clearing of down payment
against invoices (special GL transactions)
• Posting of partial Payment & Residual Payment
• Creation of payment terms,
• Creation of house banks and account ids.
• Creation of check lots and maintenance of check register
• Configuration of automatic payment program
• Payment to vendors through APP
• Un-issued & issued checks cancellation and reversal of issued checks.
• Defining correspondence & party statement of accounts

Accounts receivable:

• Creation of customer account groups and assignment of number ranges
• Creation of tolerance group for customers
• Creation of customer master (display/change/block/unblock of vender master)
• Posting of customer transactions (sales invoice posting, payment posting, debit memo)
• Settings for advance payment from parties (down payment)
• Configuration of settings for dunning
• Defining correspondence & party statement of accounts

Asset Accounting

• Defining chart of depreciation
• Defining account determination, screen layout, number ranges and asset classes.
• Integration with General Ledger & Posting rules
• Creation of asset master and sub asset master (change/display/block/unblock)
• Defining Depreciation key (base, declining, multilevel, period control methods)
• Acquisition or purchase of assets, sale of assets
• Scrapping of assets, Transfer of assets
• Post Capitalization and write up
• Depreciation run
• Line Settle of assets under construction of capital work in progress

REPORTS

• Financial statement version
• GL Reports
• Accounts payable reports
• Accounts receivable reports
• Assets

Basic settings for controlling

• Classiscal report events
• Defining Controlling Area
• Defining Number ranges for Controlling Area
• Maintain Planning Versions
• Creation of Primary and Secondary Cost Elements
• Creation of Cost Element Groups
• Primary cost element categories and secondary cost element categories

Internal Orders

• Defining order types
• Creation of internal orders
• Planning of internal orders
• Postings to internal order
• Report of Variance analysis

Profit Center Accounting