Basic Settings and General ledger accounting

• Definition and assignment of Enterprise Structure - Company, Co Code, Credit Control Area, Controlling Area etc,
• Financial Accounting Global Setting – Co Code Global Parameters, Maintain & Assignment of Fiscal Year Variant, Definition and Assignment of Posting Period Variant, Document Number Ranges, Define Document Type, Maintain & Assignment of Field Status Variant, Definition & Assignment of Tolerance Group.
• General Ledger Accounting – Chart of Accounts, Assign Co Code to Chart of Accounts, Define Account Group, Define Retained Earnings Accounts,.

 Accounts Payable and Receivable

• All Basic setting for vendor/Customer master data.
• Configuration of Automatic Payment Program and Payment terms.
• Configuration of settings for Down payment and special GL transactions.
• Settings for Automatic Outgoing payment including payment terms
• Creation of House banks and settings for reconciliation of bank accounts.
• Configuration of  the settings for Withholding tax and Automatic Clearing.

• Define Chart of Depreciation and assign it to company code
• Define Asset classes and  Account Determination
• Creation of new depreciation area and activating to the existing assets
• Creation of screen layout rules and no. Ranges for Asset Master
• Assignment of GL accounts in account determination
• Specify intervals & posting rules
• Monitoring the month end depreciation programs.
• Performing year end activities like Fiscal year change and year end close.

• Maintain controlling area settings, and defining cost center categories.
• Creation and activation of the versions
• Configuration of Master data like Cost center, Activity type, Statistical key figure, Internal orders and Profit center etc
• Extending the life and changing the Hierarchy of the cost centers
• Creation Standard Hierarchy function
• Creation of new cost elements, Defining Assessment and distribution cycles
• Profitability analysis and Product Costing