The purpose of JE posting is to take a batch, validate it for consistency, and create FI documents and post those entries in various line item accounts needed for subsequent business processing.
JE Posting is a process that with a few exceptions runs "behind the scenes" (without user dialog) and is the heart of Journal Entry. It receives journal entry data (representing financial transactions) from the PRA modules (Valuation, Revenue Distribution, etc.), and summarizes them in batches and posts them to the PRA JE line item tables and to SAP FI. JE Posting is the link between the journal entries coming from PRA applications and the FI documents and JE line item table items that are created.
The JE Posting Module is automatically called by the various PRA application areas. For example, whenever you create a Valuation, Revenue Distribution, Checkwrite, Check Input, Tax and Royalty, Owner Suspense, or Accounts Receivable document, the JE Posting Process is automatically triggered, but the standard postings limited in such a way that it can’t handle mass upload of the JE records for various business needs like periodically post entire leasing documents and costs associated to it into SAP FI . Also, the standard SAP JE backend upload program provides the ability to rejected / errored out entries corrected online and it is a manual and tedious effort. This can be simplified by using this JE Fiori upload application by mass upload of the rejected records by downloading, correcting and uploading again
The need is to have an JE Fiori upload application so that the end users can validate, park / post the various financial records into SAP FI with ease , simplified and with great user experience.
Learn step by step how to migrate data in SAP S/4 HANA, and take advantage of reliable migration approaches built in.
Needing to introduce new depreciation areas in SAP Asset Accounting? Not specifying a date interval for depreciation parameters can have far-reaching consequences. Learn why from one of our SAP experts!
Period end closing is always a critical and high visibility item in any ERP. The timely and effective monitoring and control of period end closing is top most need for the finance department. For this purpose, you must process a sequence of interdependent steps diligently in a specific and well-defined order. Entities use various tools for this, ranging from excel to more sophisticated tools like SAP Financial Closing Cockpit, Blackline’s Runbook etc.
The Cost Component Split allows for granularity of the cost drivers in your inventory and cost of goods sold. The cost components can be seen in various reports in Product Cost Planning and Material Ledger. However, this breakdown has not been available in the General Ledger before SAP S/4HANA. By utilizing a Custom Enhancement, the Cost Component Split by G/L Account can be available in the ECC system. This will provide suitable transparency about cost drivers in the General Ledger, particularly for companies that do not plan an S/4 conversion for a few years, and also positions them with a Splitting Structure that is compatible for an eventual S/4 Conversion. This functionality can be used to split cost components for COGS accounts as well as Inventory accounts (which means that you can get transparency into how much material stock or Fixed costs are sitting in inventory). Also, this functionality can be used whether a company uses Material Ledger or not (i.e. it can be used for Standard and/or Actual cost components). Watch this pre-recorded live Q&A with FI/CO expert Rogerio Faleiros to learn:
The things to consider when deciding whether to split COGS in the G/L Accounts.
How to map the original COGS account to the Cost Component Split Accounts.
A demo of the Cost Component G/L Split program and how to view the General Ledger postings.
The Reports that can be used to display the COGS documents that have been split.