How to Map Symbolic Account to G/L Account in SAP - Shikshaglobe

Content Creator: Satish kumar

Presentation

The Payment Process incorporates the Following Steps

Solicitations are Entered

Forthcoming Invoices are examined for due date

Solicitations due for installment are ready for audit

Installments are supported or altered

Solicitations are paid

A reliably high volume of solicitations must be handled. Creditor liabilities Invoices must be paid on the opportunity to get potential limits. The Accounting division wishes to naturally play out this handling of solicitations. The Automatic Payment Program is a device that will assist clients with overseeing payables. SAP gives clients the choices to consequently:

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Select Open(Pending) Invoices to be paid or gathered

Installment Documents to be posted

Print Payment Media or produce EDI

The Automatic Payment Program has been produced for both public and worldwide installment exchanges with merchants and clients , and handles both active and approaching installments. Design We can arrange the Payment Program by choosing the Payment Program (Tcode - F110 ) Application menu Environment - > Maintain ConfigThe Settings for Automatic Payment program are isolated into following Categories :

Prerequisites

Before you begin, ensure you have the necessary authorizations to perform configuration changes in SAP. Additionally, you need the following information:

1.     Symbolic Account Codes: These are the codes or identifiers for the symbolic accounts you want to map.

2.     G/L Account Codes: You should know the G/L account codes to which you want to map the symbolic accounts.

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Step-by-Step Guide

Follow these steps to map symbolic accounts to G/L accounts in SAP:

Step 1: Access Transaction Code "OB40"

1.     Log into the SAP system using your username and password.

2.     To access the necessary transaction, type "OB40" into the SAP command field and press "Enter." This transaction code is used for maintaining account determination in SAP.

Step 2: Select Your Chart of Accounts

3.     In the "Account Determination" screen, you'll see a list of chart of accounts. Select the appropriate chart of accounts for your organization. This is typically based on your company's specific accounting requirements.

Step 3: Define Account Determination

4.     You will be directed to a screen where you can define account determination rules. Click on "Account Determination" to proceed.

Step 4: Define Symbolic Accounts

5.     In the "Account Determination: Define Symbolic Accounts" screen, you can define the symbolic accounts you want to map to G/L accounts.

6.     Click the "New Entries" button (pencil icon) to create a new entry for mapping a symbolic account.

Step 5: Enter Mapping Details

7.     In the new entry screen:

·         Enter the Symbolic Account code you want to map.

·         Specify the G/L Account code to which the symbolic account will be mapped.

8.     Save your entries by clicking the "Save" button (diskette icon).

Step 6: Check and Confirm Mapping

9.     After saving, review your entries to ensure accuracy. You can display the entries using the "Display Entries" button (magnifying glass icon).

10. Once you are satisfied with the mapping, you have successfully mapped symbolic accounts to G/L accounts in SAP.

Step 7: Testing

11. It's advisable to test the mapping in a test environment before implementing it in your productive SAP system. This helps identify and resolve any issues or discrepancies.

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All Company Codes

Paying Company Codes

Installment Methods/Country

Installment Methods/Company Codes

Bank Selection

House Banks

After Configuration of the Payment Process we will enter boundaries to execute the program. Enter the Transaction code F110 in the SAP Command Field

Each Payment Program run is distinguished by two fields

Recognizable proof

In the Parameters Tab , We need to characterize the accompanying

What is to be paid - Docs. Entered Up to

What installment strategies will be utilized - Payment Methods

At the point when will the installments be made - Posting Date

Which organization codes will be thought of - Company Codes

How are they going to be paid - Payment Method Sequence chooses the Priority of the Payment Method

Save the Parameters Entered

After the Parameters are Entered we execute the Program by squeezing the proposition button in Application Toolbar

In the following exchange box , Check the "Begin Immediately" and press Continue

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An installment proposition is produced in light of the boundaries.

We can see the Proposal Log for potential mistakes by Pressing the Proposal Log Button

We can alter the proposition to hinder the a few installments on the off chance that we need, Press the Edit Proposal Button

In the following screen , the Proposal List of Vendors is produced who are to get the Payments

After alter the Proposal , and afterward run the installment race to deliver the installments. We can plan the installment show to returning to fundamental screen squeezing the Payment Run button

In the following Dialog box , Check "Begin Immediately" to begin the installment run right away and Press proceed

We can check the situation with the Payment run on the Status Tab.

The accompanying SAP exchanges are utilized to plan emblematic records to various General Ledger Accounts

Exchange OBYE Enter the Employee Group.

For exchange OBYE all the above cycle is the same, simply that you should enter the Employee Group likewise as shown beneath.


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