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Asked on 15/08/2021 Learn SAP FICO

Which companies hire SAP FICO consultant fresher on internship for learning consultant skill and knowledge... read more
Which companies hire SAP FICO consultant fresher on internship for learning consultant skill and knowledge in HYDERABAD location? Would you please help as I am searching for a job opportunity for a long time? I have five years of working experience in the TCS for the KYC domain and completed SAP FICO training. But I cannot do SAP global certification due to financial problems in the COVID-19 pandemic situation. read less

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Answered on 22/06/2021 Learn SAP FICO

Venkat Surya

Certified Sap S/4 Hana Finance And Central Finance Consultant With Over 15 Yrs Exp In Fico&s/4 Hana

SAP FICO module needs finance and accounting knowledge which you already have. We will be applying our functional expertise in SAP. This is the best module for entering into information technology without any programming and coding knowledge. Get in touch with a real-time consultant who can explain all... read more

SAP FICO module needs finance and accounting knowledge which you already have. We will be applying our functional expertise in SAP. This is the best module for entering into information technology without any programming and coding knowledge. Get in touch with a real-time consultant who can explain all the real-time scenarios. 

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Lesson Posted on 20/08/2020 Learn SAP FICO

SAP FICO Training Videos for Beginners

GuruTara Global Solutions

I am SAP Online Trainer and working on Sap since 2004. Trained more than 3000+trainees. Having...

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Answered on 09/03/2020 Learn SAP FICO

Ramesh KN

PowerBI&AWS Certified Corporate Trainer 25+ years Experience, Excel,Powerpoint,VBA,Office365,PowerBI

Hi Eswar, Its always good to be in the finance or insurance domain since you have rich experience in that FICO is a good option, try for a certificatio in that if possible, as that adds to lot of value
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Lesson Posted on 05/12/2019 Learn SAP FICO

Electronic Bank Statement in SAP

Vinod Kumar

I am certified SAP S4 HANA FI consultant, having around 17 years of experience with expertise in sap...

Electronic Bank Statement in SAP Medium to large scale businesses do thousands of transactions each day. Lot of these transactions are banking related. Reconciling bank balances with book balances manually is not possible. Uploading manual bank statement in ERP system is a time consuming affair and... read more

Electronic Bank Statement in SAP

Medium to large scale businesses do thousands of transactions each day. Lot of these transactions are banking related. Reconciling bank balances with book balances manually is not possible.

Uploading manual bank statement in ERP system is a time consuming affair and prone to clerical errors due to manual intervention. Treasury staff in an organisation may end up spending lot of time usually at the end of month for reconciliation.

Electronic bank statement feature provided by SAP can save a lot of time and is error free. SAP will upload the file which is sent (FTP) by bank. Based upon SAP configurations financial postings will be done. This configuration will upload the statement automatically and at the same time will do the bank sub ledger postings and clearing postings.

 

Prerequisites

 

Following are the basic requirements for setting up EBS in SAP:

 

  • House Bank
  • Bank file in specified format
  • SAP Configurations for EBS
  • Set up connection between SAP and bank for file transfer mostly secured (sFTP)
  • SAP automated batch set up

SAP Configuration of electronic bank statement(EBS)

 

Financial Accounting –> Bank Accounting –> Business Transaction –> Payment Transactions –> Electronic bank statement

EBS is done at Chart of Account Level

1. Account symbol creation – Account symbols are specifications for general ledger accounts. These are posted with each possible transaction contained in bank statement.

2. Assign accounts to account symbol – GL accounts are mapped to account symbols in this step.

3. Create keys for posting rule – Description for the necessary posting rules is entered in this step. Each posting rule represents a business transaction.

 

4. Define posting rules – In this activity posting specifications for each posting rule is created. You specify how a certain business transaction is to be posted with which posting key, document type and posting type. 

5. Create transaction type – Transaction type contains the external transaction type. External transaction types are codes used by banks to specify the business transaction in bank file. Transaction types in turn  are link between External Transaction Types, Posting Rules and Interpretation Algorithms. Interpretation algorithm interprets the note to payee line in bank statement and accordingly clears the open items accordingly.

6. Assign bank account to transaction types – Last step involved is assigning bank accounts with transaction types as defined above. This step contains the list of external transaction which are valid for a house bank. Please note that assignment is of Bank account number and Bank Routing Number and not of GL account in this step.

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Answered on 30/08/2019 Learn SAP FICO

Sivalenka

SAP SD/MM/S/4 HANA Professional Trainer

Hi Akash,For sure FICO will be a nice option to enter into ERP market as SAP is a market leader in that arena, try to get some practical Accounting exposure on Accounts Payable side also, extend your learning on A/R G/L and Asset accounting which will help you.
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Answered on 24/07/2018 Learn SAP FICO

Fortune Trainings

Hi Hema, Hope you are doing great.. If you can spend onr hour time for the online live demo session, definitely you will get the clarity. Our SAP FICO Real Time Global Certified Professionals will give you the best suggestions for your career. Once yoou like the way of training and explaination, you... read more

Hi Hema,

Hope you are doing great..

If you can spend onr hour time for the online live demo session, definitely you will get the clarity. Our SAP FICO  Real Time Global Certified Professionals will give you the best suggestions for your career. Once yoou like the way of training and explaination, you can start the training in your flexible timings with very affordable price. You can reach us on Nine Six Four Zero Four Four Zero Four Six Eight.

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