How to Create Financial Statement Version in SAP S4 HANA

How to Create Financial Statement Version in SAP S4 HANA, using T code: OB58.

Meaning: Financial Statement Version (FSV) is a tool in SAP that helps prepare financial reports by:

• Defining the financial statement version.
• Maintaining/Assigning specific General Ledger (GL) accounts to the structure of financial statement version.

1. Defining the Financial Statement Version

SPRO Path: Reference IMG -> Financial Accounting -> General Ledger Accounting -> Master Data -> G/L Accounts -> Financial Statement Versions -> Define Financial Statement Versions – Click on Execute.

Click on New Entries button.

Now give the details like below – FSV, Description, Language, Auto item keys, Chart of Accounts (Do not give this field to use multiple COA’s) etc.

Note: Maintaining Chart of Accounts (COA) in Financial Statement Version enables the generation of consolidated reports for specific GL accounts and creation of tailored financial statements, such as Balance Sheets and Income Statements, aligned with that COA only.

Click on save button.

Customizing request popup will come, select your request and click on continue.

Data was saved.

2. Maintaining/Assigning GL accounts to structures in FSV

Once data saved, Click on Financial statement items.

As per our requirement, we can consolidate the many GL accounts. In this blog, we are creating Financial Statements includes – Balance sheet and P&L.

Now put the cursor on Liabilities and Equity and click on “Create Items” button.

Popup will come, give sub header names(items) and click on continue.

Once Liabilities item created, click on “Assign Accounts” to maintain the GL accounts.

Popup will come, Give the Chart of Account, GL accounts with Debit and Credit indicators.

Click on continue button.

See GL Accounts maintained under Liabilities.

Do same for Assets, put cursor on Assets and click on “Create Items”.

Popup will come, give sub header names(items) and click on continue.

Once Asset created, click on “Assign Accounts” to maintain the GL accounts.

Popup will come, Give the Chart of Accounts, GL accounts with Debit and Credit indicators.

Click on continue button.

See GL Accounts maintained under Assets.

Likewise do same for profit and loss accounts items

Click on save button.

Customizing request popup will come, select your request and click on continue.

Click on activate button.

Financial statement version created successfully.

Other SAP FICO topics:

• How to Execute Financial Statement Version in SAP: Click here
• How to Create or Post Recurring entries in SAP: Click here
• How to Create Intercompany Configuration in SAP: Click here
• How to Post Intercompany Transactions in SAP: Click here
• How to Copy Company code (T code: EC01)in SAP: Click here
• How to Post Accrual/Deferral in SAP: Click here
• How to Create Accounting Clerk in SAP: Click here
• How to Create SET in SAP: Click here
• How to Copy Number Range Intervals from one company code to multiple company codes in SAP: Click here
• Validation in SAP with basic example: Click here
• Asset Acquisition through Purchase Order – ME21N: Click here
• How to Extract data from the tables in SE16N: Click here

SAP FICO Configuration topics:

• SAP Finance Enterprise structure: Click here
• SAP Finance GL Accounting: Click here
• SAP Finance Accounts Payable: Click here
• SAP Finance Accounts Receivable: Click here
• SAP Finance Bank Accounting: Click here
• SAP Finance New Asset Accounting: Click here
• How to Create a Controlling area in SAP: Click here
• SAP Controlling – Cost Element Accounting: Click here
• SAP Controlling – Cost Center Accounting: Click here