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Toolbox sap-acct Reply from wnash7658 on Aug 2 at 5:58 AM For items prior to the 11/2012 financial year you would use a dummy GL account, I have always used numbers from 999990 to 999999 .... these accounts are not contained in the Financial Statement Version, eg in F.01 transaction when it is executed whioch can be used as a trial balance report too. Items created as of 01.04.2012 would be normal D/R AR and C/R Revenue.
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Waza
| | | ---------------Original Message---------------
From: Shimul
Sent: Wednesday, August 01, 2012 5:36 AM
Subject: Cutover of AR Balances from Legacy to SAP
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… |
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