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.
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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.
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