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​    ​SAP S/4 HANA FICO
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SAP S/4HANA Financial & Controlling Configuration Checklist


1. Enterprise Structure

ActivityIMG Path
Create CompanySPRO → Enterprise Structure → Definition → Financial Accounting → Define Company
Create Company CodeSPRO → Enterprise Structure → Definition → Financial Accounting → Edit, Copy, Delete, Check Company Code
Assign Company Code to CompanySPRO → Enterprise Structure → Assignment → Financial Accounting → Assign Company Code to Company

2. General Ledger Configuration

ActivityIMG Path
Create Chart of Accounts (CoA)Financial Accounting → General Ledger Accounting → Master Data → G/L Accounts → Preparation → Define Chart of Accounts
Assign Company Code to CoAFinancial Accounting → General Ledger Accounting → Master Data → G/L Accounts → Preparation → Assign Company Code to Chart of Accounts
Define Account GroupsFinancial Accounting → General Ledger Accounting → Master Data → G/L Accounts → Preparation → Define Account Group
Define Retained Earnings AccountFinancial Accounting → General Ledger Accounting → Business Transactions → G/L Accounts → Retained Earnings Account
Define Tolerance Groups (G/L & Employees)Financial Accounting → Financial Accounting Global Settings → Document → Tolerance Groups

3. Field Status & Posting Control

ActivityIMG Path
Define Field Status VariantsFinancial Accounting → Financial Accounting Global Settings → Document → Line Item → Controls → Define Field Status Variants
Assign Company Code to Field Status VariantSame Path as Above
Maintain Fiscal Year VariantFinancial Accounting → Financial Accounting Global Settings → Fiscal Year → Maintain Fiscal Year Variant
Assign Company Code to Fiscal Year VariantSame Path as Above
Define Posting Period Variants & Assign to Company CodeFinancial Accounting → Financial Accounting Global Settings → Document → Posting Period
Open and Close Posting PeriodsSame Path

4. Document Types & Number Ranges

ActivityIMG Path
Define Document Types (Entry View)Financial Accounting → Financial Accounting Global Settings → Document → Document Types
Define Document Number RangesFinancial Accounting → Financial Accounting Global Settings → Document → Document Number Ranges

5. Controlling (CO) Setup

ActivityIMG Path
Maintain Controlling AreaControlling → General Controlling → Organization
Maintain Versions for ControllingControlling → General Controlling → Version
Define Number Ranges (CO Documents)Controlling → General Controlling → Document Number Ranges
Document Type Mapping for CO Business TransactionsControlling → General Controlling → Document → Document Type Mapping Variants
Set Default Values for Posting in COControlling → General Controlling → Document → Maintain Default Values
Define Ledger for CO VersionControlling → General Controlling → Version → Assign Ledger

6. Profit Center & Segment Configuration

ActivityIMG Path
Activate Profit Center AccountingControlling → Profit Center Accounting → Basic Settings
Define Standard Hierarchy for Profit CentersControlling → Profit Center Accounting → Basic Settings → Controlling Area Settings
Define SegmentEnterprise Structure → Definition → Financial Accounting → Define Segment

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7. Currency & Ledger Settings

ActivityIMG Path
Set Hard Currency (If Required)Financial Accounting → Financial Accounting Global Settings → Currencies
Define Ledger & Currency TypesFinancial Accounting → Financial Accounting Global Settings → Ledgers → Ledger
Define Accounting Principles & Ledger GroupsFinancial Accounting → Financial Accounting Global Settings → Ledgers → Accounting Principles
Assign Accounting Principles to Ledger GroupsSame Path
Define Document Type for Ledger ViewFinancial Accounting → Financial Accounting Global Settings → Document → Document Types for Ledger View

8. Cost Center Configuration

ActivityIMG Path
Define Cost Center GroupsControlling → Cost Center Accounting → Master Data → Cost Center Groups

9. Document Splitting (New G/L)


ActivityIMG Path
Classify G/L Account for SplittingFinancial Accounting → General Ledger Accounting → Business Transactions → Document Splitting
Define Zero Balance Clearing AccountSame Path
Define Splitting Characteristics (G/L & CO)Same Path
Activate Document SplittingSame Path


SAP S/4 FI Pre-Closing Checklist

#ActivityT-Code (SAP GUI)Fiori App (S/4HANA)SAP Menu PathPurpose
1Open/Close Posting PeriodsOB52Manage Posting PeriodsAccounting → Financial Accounting → Financial Accounting Global Settings → Document → Open and Close Posting PeriodsEnsure only the current posting period is open
2Clear Customer Open ItemsF-32Clear Incoming Payments or Manage Customer Line ItemsAccounting → Financial Accounting → Accounts Receivable → Account → ClearingReconcile and clear open customer invoices
3Clear Vendor Open ItemsF-44Clear Outgoing Payments or Manage Supplier Line ItemsAccounting → Financial Accounting → Accounts Payable → Account → ClearingClear open payables to vendors
4Clear G/L Open ItemsF-03 / F-04Manage Journal Entries (for manual clearing)Accounting → Financial Accounting → General Ledger → Account → ClearingClear matched open items in G/L
5Recurring Entries PostingF.14Not standard in Fiori (can be scheduled via job)Accounting → Financial Accounting → General Ledger → Periodic Processing → Recurring Entries → ExecutePost recurring entries like rent or subscriptions
6Review Parked DocumentsFBV0, FB03Manage Parked DocumentsAccounting → Financial Accounting → General Ledger → Document Entry → Parked DocumentsReview/post parked or held journal entries
7GR/IR Account ReconciliationF.13, MB5SManage GR/IR Account Reconciliation (S/4HANA)Logistics → Materials Management → Inventory Management → Environment → Balance Display → GR/IR AccountReconcile open GR/IR balances
8Foreign Currency ValuationF.05Perform Foreign Currency ValuationAccounting → Financial Accounting → General Ledger → Periodic Processing → Valuate → Foreign Currency ValuationRevalue FX balances on open items and G/L
9Manual Accruals / ProvisionsFBS1, FB50Post Journal EntriesAccounting → Financial Accounting → General Ledger → Document EntryPost month-end accruals, such as expenses incurred but not yet billed
10Bank ReconciliationFF67, FEBAReprocess Bank Statement, Post Incoming/Outgoing PaymentsAccounting → Financial Accounting → Bank Accounting → Bank Transactions → Manual Bank StatementClear bank open items via manual or EBS statements
11Automatic Clearing of ItemsF.13Schedule General Ledger Jobs (S/4HANA job template)Accounting → Financial Accounting → General Ledger → Periodic Processing → Automatic ClearingAutomatically clear items based on matching rules
12Asset Postings (Cap, Retire, Transfer)ABZON, ABAVN, ABUMNPost Asset Acquisition / Retirement / TransferAccounting → Financial Accounting → Fixed Assets → PostingPost asset-related transactions before depreciation
13Depreciation RunAFABRun Depreciation (App) or Schedule Asset JobsAccounting → Financial Accounting → Fixed Assets → Periodic Processing → Depreciation → ExecutePost monthly depreciation values to FI
14Intercompany ReconciliationFBICS3 (S/4HANA)Manage Intercompany ReconciliationAccounting → Financial Accounting → General Ledger → Periodic Processing → Closing → Intercompany] ReconciliationMatch balances between company codes
15Trial Balance / Financial ReportsF.01, S_ALR_87012277Display Financial Statement, Trial Balance, Balance Sheet/Income StatementAccounting → Financial Accounting → General Ledger → Information System → Reports for General Ledger AccountingReview accuracy and completeness of accounting entries