Announcement:
wanna exchange links? contact me at sapchatroom@gmail.com.
Posted by
Admin at
Toolbox sap-acct Question from Shimul on Aug 1 at 5:36 AM Background: Accounting entries are made in manual ledgers for different GL accounts with single entry accounting system as the basis. We are moving this to SAP in a double entry system and in a staged go live based on one service at a time.
Current Situation: Currently in SAP we have 3 to 4 services going live on the 6th of August. The invoicing process creates a Revenue entry and a Receivable entry. The current approach is to bring one or more services live in SAP in a staged manner. No other Balance Sheet accounts and P&L accounts have gone live and as a consequence have not been updated in SAP. For the period April 1st till date only one of the 14 Zones have gone live with entries being captured on a real time basis (ie Revenue and AR Open items)
Legacy AR open items have been moved to SAP in 3 batches.
1. Items open as of 31st March 2010 has been moved to SAP with a posting date of 20/3/2012. (one number & surcharge)
2. Items open as of 31st March 2011 has been moved with a posting date of 25st March 2012 (Invoice, cess, & surcharge)
3. Items open as of 31st March 2012 had been moved with a posting date of 31st March 2012 (invoice, cess & surcharge)
Issues to handle as a consequence of this approach:
Since the Revenue account has been hit on pieces as of 31/3/2012 for the previous year's only the revenue pertaining to open items are being recognized for the year 2011-12. This number is not a true reflection of revenue earned for the year 2011-12.
Challenge: When and how do we cutover the other balances to SAP.. What is the approach…
| Reply to this email to post your response. __.____._ | In the Spotlight Become a blogger at Toolbox.com and share your expertise with the community. Start today.   _.____.__ |
