DMEE Configuration:Step By Step Part 2

This is the continuation of the document DMEE Configuration.
Please refer the below link for the DMEE Configuration:Step By Step Part 1.

Create/Assign Selection Variants (OBPM4)
A. Accounts Receivable and Accounts Payable ® Business Transactions ® Outgoing Payments ® Automatic Outgoing Payments ® Payment Media ® Make Settings for Payment Medium Formats from Payment Medium Workbench ® Create/Assign Selection Variants

DMEE Configuration:Step By Step Part 1

Introduction:
DME stands for Data Medium Exchange
A data medium exchange (DME) is a data exchange file which is used to send payment information of an enterprise to banks or tax authority. Basically these files contain financial data which can be in flat file or xml file format. Different File formats can be created for different countries and different banks based on their own norm which replaces conventional ABAP programs.

DMEE Configuration:Step By Step.

Create Payment Medium Formats (OBPM1) Accounts Receivable and Accounts Payable ® Business Transactions ® Outgoing Payments ® Automatic Outgoing Payments ® Payment Media ® Make Settings for Payment Medium Formats from Payment Medium Workbench ® Create Payment Medium Formats

Understanding - Revenue Recognition

What is Revenue Recognition?

To understand what is Revenue Recognition, we need to understand what are the basic accounting principles which guide all the accounting standards across the world. There are two basic accounting principles

1. Accrued System
2. Cash System

In Accrued system of accounting principle, as far as revenues are concerned, revenue is recognized with, when it is either realized or realizable no matter when the cash is received.

• Accrued system of accounting

1. The below points make it clear to understand the accrual system of accounting
2. The Accrual Method of Accounting matches revenues when they are earned against expenses associated with those revenues.

Deactivate tax codes

We create a new tax codes with revised rates and the old tax codes no longer useful for posting. But these tax codes will display in the input help while invoice posting through MIRO,FB60,F-43,FB70 etc. Due to this the users will get confused and also might chance to select the wrong tax code for posting. To over come these type of errors SAP has provided 2 SAP Notes i.e.2074351 & 2095960.

As per note 2074351, first we have to implement the note 2095960. After done this, we have to execute the report NOTE_2095960 as mentioned in the note 2074351. The screen shot of the report execution attached here:

Cost Component Splits in Controlling area Currency (OKYW tcode)

This document is about how we can activate the cost component split in CO area Currency. Also we will see how it affect to Cost Component Split in CK11N.

If your controlling area currency is not the same as the company code currency, CCS is always updated in company code currency. If we would like to see CCS in CO area Currency, we should maintain it on OKYW tcode.

Before maintain OKYW,    CK11N screen is as follows.

Pre-requisites for FI-SD Integration

This series of documents for FI-SD integration is divided into 4 parts. This document is the first part of the series. Adding links for other parts before I start with the content.

Part-II : FI-SD Integration - I
Part-III : FI-SD Integration - II
Part-IV: FI-SD Integration III

FI-SD Configuration Pre-requisites

The pre-requisites for carrying out this configuration are as follows:

• Material Master
• Customer Master
• Pricing Procedures
• Condition Records
• G/L Accounts 

FI-SD Integration - I

This series of documents for FI-SD integration is divided into 4 parts. This document is the second part of the series. Adding links for other parts before I start with the content.

Even though the document title says FI-SD Integration - I, it is the second part because part I was the pre-requisites required for the integration.

Part-I : Pre-requisites for FI-SD Integration
Part-III : FI-SD Integration - II
Part-IV : FI-SD Integration III

Automatic Account Determination
The accounting entries with respect to the billing will generally result in

• Debit Customer account
• Debit Freight-out account
• Credit Revenue account
• Credit Excise Duty Payable account
• Credit Sales Tax Payable account 

FI-SD Integration III

This series of documents for FI-SD integration is divided into 4 parts. This document is the last part of the series. Adding links for other parts before I start with the content.

Even though the document title says FI-SD Integration - III, it is the fourth part because part I was the pre-requisites required for the integration.

Part-I : Pre-requisites for FI-SD Integration
Part-II : FI-SD Integration - I
Part-III : FI-SD Integration - II

Assign G/L Accounts

FI-SD Integration - II

This series of documents for FI-SD integration is divided into 4 parts. This document is the third part of the series. Adding links for other parts before I start with the content.

Even though the document title says FI-SD Integration - II, it is the third part because part I was the pre-requisites required for the integration.

Part-I : Pre-requisites for FI-SD Integration
Part-II : FI-SD Integration - I
Part-IV: FI-SD Integration III

Define And Assign Account Determination Procedures