SAP FICO

The iDoc is an example of Electronic Data Interchange (EDI).  EDI is also called paperless exchange. EDI (Electronic Document interchange) - EDI is the electronic exchange of business documents between the computer systems of business partners, using a standard format over a communication network. EDI can be of two types: Outbound and Inbound. Advantages of EDI idocs:  Reduced Data entry errors Reduced processing time Availability of data in electronic form Reduced paperwork Reduced Cost Reduced inventories and better planning Standard means of communications Better business process IDOC: IDOC is a container that can be used to exchange data between any two processes. 1. One Control Record. 2. One or many Data Record 3. One or many Status record.  IDocs are defined and considered on two levels, the technical and the business level. The former allows them to support application-independent functions, e.g. routing and handling ...

There are mostly three type of currencies in SAP FICO Company code currency :  Parallel Currency  Group currency If the account currency is same as the company code currency, then you can post to that GL account in any transactional currency. But if Account code currency is different from the company code currency, SAP system thinks that, the GL account is foreign currency GL account and hence should  be able to be posted only in that foreign currency of that GL account and not in any other currency including its own company code currency.  For example if a company code currency is USD and GL account currency is also USD then we can post in any transaction currency. But if company code currency is in USD and GL account currency is in EUR then we can post to that GL only in EUR not in any other currency, not even in USD. 

Dunning is an important field in customer/ vendor master record in SAP FICO system. It reminds customers to pay bills on time. It has 4 levels and at each level system send message to customer. In dunning, it is very important to assign dunning parameters to master data. That's how system gets to know how to dun a customer. We can put a dun block too in the master data. Dunning can be used to check secure customers in credit management. 

I can create G/L at  Charts of Account but not at Company Code - True I can create G/L account in the required Company Code without creating in Charts of Account. -False I can create Vendor account in purchasing Organization without creating in general data.- False (Must have to create first in General data) I have to create G/L in Charts of account and then have to create in all company code.- False If a vendor account is not created in Company code level, it can not be used for posting. -True

from Ketan Patel Courtesy:http://www.slideshare.net/eddai

In case of voiding an issued check for some reason we can do it through FCH9. It does void check but payment is not going to get reverse. We have to reprint the check via FCH7. It allows to void and reprint the check. 

Checks can be printed wrong, ripped during printing etc. So it need to get void.  in SAP FICO system, we can void check through, FCH3. Give the check number you want to void (must be unused) and the void reason. Now when you want to assign new check it will not allow you to assign the same check number.