SAP S/4HANA Financial & Controlling Configuration Checklist

1. Enterprise Structure

Activity	IMG Path
Create Company	SPRO → Enterprise Structure → Definition → Financial Accounting → Define Company
Create Company Code	SPRO → Enterprise Structure → Definition → Financial Accounting → Edit, Copy, Delete, Check Company Code
Assign Company Code to Company	SPRO → Enterprise Structure → Assignment → Financial Accounting → Assign Company Code to Company

2. General Ledger Configuration

Activity	IMG 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 CoA	Financial Accounting → General Ledger Accounting → Master Data → G/L Accounts → Preparation → Assign Company Code to Chart of Accounts
Define Account Groups	Financial Accounting → General Ledger Accounting → Master Data → G/L Accounts → Preparation → Define Account Group
Define Retained Earnings Account	Financial 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

Activity	IMG Path
Define Field Status Variants	Financial Accounting → Financial Accounting Global Settings → Document → Line Item → Controls → Define Field Status Variants
Assign Company Code to Field Status Variant	Same Path as Above
Maintain Fiscal Year Variant	Financial Accounting → Financial Accounting Global Settings → Fiscal Year → Maintain Fiscal Year Variant
Assign Company Code to Fiscal Year Variant	Same Path as Above
Define Posting Period Variants & Assign to Company Code	Financial Accounting → Financial Accounting Global Settings → Document → Posting Period
Open and Close Posting Periods	Same Path

4. Document Types & Number Ranges

Activity	IMG Path
Define Document Types (Entry View)	Financial Accounting → Financial Accounting Global Settings → Document → Document Types
Define Document Number Ranges	Financial Accounting → Financial Accounting Global Settings → Document → Document Number Ranges

5. Controlling (CO) Setup

Activity	IMG Path
Maintain Controlling Area	Controlling → General Controlling → Organization
Maintain Versions for Controlling	Controlling → General Controlling → Version
Define Number Ranges (CO Documents)	Controlling → General Controlling → Document Number Ranges
Document Type Mapping for CO Business Transactions	Controlling → General Controlling → Document → Document Type Mapping Variants
Set Default Values for Posting in CO	Controlling → General Controlling → Document → Maintain Default Values
Define Ledger for CO Version	Controlling → General Controlling → Version → Assign Ledger

6. Profit Center & Segment Configuration

Activity	IMG Path
Activate Profit Center Accounting	Controlling → Profit Center Accounting → Basic Settings
Define Standard Hierarchy for Profit Centers	Controlling → Profit Center Accounting → Basic Settings → Controlling Area Settings
Define Segment	Enterprise Structure → Definition → Financial Accounting → Define Segment

7. Currency & Ledger Settings

Activity	IMG Path
Set Hard Currency (If Required)	Financial Accounting → Financial Accounting Global Settings → Currencies
Define Ledger & Currency Types	Financial Accounting → Financial Accounting Global Settings → Ledgers → Ledger
Define Accounting Principles & Ledger Groups	Financial Accounting → Financial Accounting Global Settings → Ledgers → Accounting Principles
Assign Accounting Principles to Ledger Groups	Same Path
Define Document Type for Ledger View	Financial Accounting → Financial Accounting Global Settings → Document → Document Types for Ledger View

8. Cost Center Configuration

Activity	IMG Path
Define Cost Center Groups	Controlling → Cost Center Accounting → Master Data → Cost Center Groups

9. Document Splitting (New G/L)

Activity	IMG Path
Classify G/L Account for Splitting	Financial Accounting → General Ledger Accounting → Business Transactions → Document Splitting
Define Zero Balance Clearing Account	Same Path
Define Splitting Characteristics (G/L & CO)	Same Path
Activate Document Splitting	Same Path

 WIP Configuration 

Step	Description	Transaction Code	Menu Path
1	Define Results Analysis (RA) Version	OKGA	SAP Easy Access → SAP Reference IMG → Controlling → Product Cost Controlling → Cost Object Controlling → Product Cost by Order → Period-End Closing → Results Analysis → Maintain Results Analysis Version
2	Assign RA Version to Company Code	OKG9	SAP Easy Access → SAP Reference IMG → Controlling → Product Cost Controlling → Cost Object Controlling → Product Cost by Order → Period-End Closing → Results Analysis → Assign Results Analysis Version to Company Code
3	Define RA Keys	OKG4	SAP Easy Access → SAP Reference IMG → Controlling → Product Cost Controlling → Cost Object Controlling → Product Cost by Order → Period-End Closing → Results Analysis → Define Results Analysis Keys
4	Assign RA Key to Order Type	OKG3	SAP Easy Access → SAP Reference IMG → Controlling → Product Cost Controlling → Cost Object Controlling → Product Cost by Order → Period-End Closing → Results Analysis → Assign Results Analysis Keys to Order Types
5	Define Line IDs (if using WIP with line IDs)	OKG5	SAP Easy Access → SAP Reference IMG → Controlling → Product Cost Controlling → Cost Object Controlling → Product Cost by Order → Period-End Closing → Results Analysis → Define Line IDs
6	Define Posting Rules for WIP	OKG8	SAP Easy Access → SAP Reference IMG → Controlling → Product Cost Controlling → Cost Object Controlling → Product Cost by Order → Period-End Closing → Results Analysis → Define Posting Rules
7	Assign G/L Accounts in FI	OKG8 or OKB9	SAP Easy Access → SAP Reference IMG → Controlling → Product Cost Controlling → Cost Object Controlling → Product Cost by Order → Period-End Closing → Results Analysis → Assign G/L Accounts
8	Define RA Categories (Optional)	—	SAP Easy Access → SAP Reference IMG → Controlling → Product Cost Controlling → Cost Object Controlling → Product Cost by Order → Period-End Closing → Results Analysis → Define Results Analysis Categories
9	Run WIP Calculation (Individual or Mass)	KKAO / KKAJ	SAP Easy Access → Controlling → Product Cost Controlling → Cost Object Controlling → Product Cost by Order → Period-End Closing → Results Analysis → Individual Processing / Collective Processing
10	Settle WIP (Single Order or Collective)	KO88 / KOB1 / KOB3	SAP Easy Access → Controlling → Product Cost Controlling → Cost Object Controlling → Product Cost by Order → Period-End Closing → Settlement → Individual Processing / Collective Processing