SAP Central Finance – Managing Central Payment dependent processes – Part II
This blog will be divided into 2 sub blogs and focus will be on how to manage the business processes which are impacted due to activation of Central Payments.
Prerequisite to apply this blog in practice is that Central Payment is active in the system.
We have already discussed the below items (Image 1) in last blog and we will cover the remaining content in this blog.
We will discus below items in this blog:
- Cash Management – After Central Payment is activated, Cash Management must run in the CFIN system as the payment postings are only available in the same system and source system may not have all relevant information. Also note that the clearing transfer must be activated for the relevant source system and to transfer classic cash management data (such as purchase orders, sales orders) from the source system to the Central Finance system, standard IDOC message type CMSEND, CMREQU can be used
- Year-end Balance Carry forward – After activating Central Payment, the balance carry forward process has to be executed in CFIN system and also This needs to be executed in source system (ECC or S/4HANA), but the results in the source system and the Central Finance system will not necessarily match
- Cash Journal – Several steps in Cash Journal needs to be executed in the source system so that the transfer process to CFIN system is successful. Below are the list of activities:
- All checks must be submitted and the check lots must be posted
- The cash journal must be set to zero by a closing entry
- All documents in the cash journal need to have status posted, reversed or deleted and nothing should be in save status
- After completion of all above, the cash journal in the source system can be closed using FBCJC0 and now it should be STOPPED for use in source system
- Dunning – After activation of Central Payments, dunning must be performed in CFIN system. It will need several adjustments to have the data correct and reportable like dunning level and dunning key must be verified, dunning area and dunning block are mapped, the field Highest Dunning Level will be set in the customer master record as empty and each time accountant has to go to source system so this needs to be filled in CFIN system. Many other similar adjustments needs to be performed.
- Intercompany Reconciliation Process – All Company codes involved in IC Reconciliation must have Central Payment activated and all the documents to be reconciled have been replicated to the Central Finance system (through initial load or ongoing replication). When Central Payment activation is done the IC Recon, process can be triggered for testing purposes.
- Bank Account Management – After central payment activation the payments (for activated company codes) will be generated in CFIN system including the bank statements so before activation all bank statements must be posted in source system and no pending batch input sessions should exist. Any requirement to access historical bank statements can be met by logging into the relevant source system.
Link to last Blog – CLICK HERE