How to Create Technical Clearing Account in SAP S4 HANA.
Understanding: In New Asset Accounting, the configuration of a technical clearing account is mandatory. This captures the asset acquisition postings and splits into operational and valuating parts. Here the technical clearing account balances will not be included in the financial statements (But only disclosed in the notes of financial statements).
In this blog, we provide a step-by-step guide on how to handle the Technical Clearing Account in SAP S/4HANA.:
- Create the Technical Clearing GL Account using transaction code: FS00.
- Maintain the Technical Clearing Account for Integrated Asset Acquisition.
- Understand how the Technical Clearing Account captures asset acquisitions.
1. Define Technical Clearing GL Account T code: FS00
Go to T code: FS00.
Click on Create icon.
Popup will come.
Give GL account number, Company code and click on continue button.
Type/Description Tab: Give Account type, Account group, texts.
Control data Tab: Enter the currency, Balances in local currency, Reconciliation, Sort key.
**(Reconciliation account for account type: Assets)
Create/Bank/Interest Tab: Give field status group.
Click on save button.
Successfully created the Technical clearing GL.
Sap96 – Premium Content
-
13 SAP FICO Real time Support Tickets (PDF)
Original price was: $5.00.$3.50Current price is: $3.50. -
200 SAP FICO Realtime Interview Questions (PDF)
Original price was: $5.00.$3.50Current price is: $3.50. -
32 SAP FICO Accounting Entries (PDF)
Original price was: $2.50.$1.50Current price is: $1.50. -
50 SAP FICO Interview Questions & Answers (PDF)
Original price was: $5.00.$2.50Current price is: $2.50. -
APP & EBS Configuration SAP S4 HANA (PDF)
Original price was: $10.00.$6.00Current price is: $6.00.
2. Maintain the Technical Clearing Account for Integrated Asset Acquisition
SPRO Path – Reference IMG -> Financial Accounting – Asset Accounting -> Integration with General Ledger Accounting -> Technical Clearing Account for Integrated Asset Acquisition -> Technical Clearing Account for Integrated Asset Acquisition – Click on Execute.
Click on New Entries.
Give Chart of Account and Technical clearing GL account.
Click on save button.
Now customizing request prompt will come, select your request and click on continue.
Data was saved.
Explained: How to Create Technical Clearing Account in SAP S4 HANA.
3. How Technical clearing Account captures the acquisitions
- Post the Asset Acquisition/Purchase for Cash (F-02) in SAP S4 HANA: Click here.
- Display the Transaction posting in T code: FB03.
Go to T code: FB03.
Give Document number, company code, fiscal year and press enter button.
Click on Asset Accounting to display the Asset Accounting – Journal Entry.
See here, 2 documents were posted.
Similar content you may like:
- How to Create Chart of Depreciation in SAP S4 HANA: Click here
- Input tax code for Non-taxable transactions for company code in SAP S4 HANA: Click here
- How to Assign Chart of Depreciation to Company code in SAP S4 HANA: Click here
- How to Create Technical Clearing Account in SAP S4 HANA: Click here
- Creation of Asset Class in SAP S4 HANA: Click here
- Assign GL Accounts for Account Determination (AO90) in SAP S4 HANA: Click here
- How to Define Depreciation Key (AFAMA) in SAP S4 HANA: Click here
- Maintenance of Fiscal year in Asset Accounting (OAAQ) in SAP S4 HANA: Click here
- How to Create Asset Master Record (AS01) in SAP S4 HANA: 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
Discover more from sap96.com
Subscribe to get the latest posts sent to your email.