Delta Changes in SAP S/4 HANA Finance- General Ledger ( Master Data)
Roy Jensen Carasco, CPA, MTM
SAP Digital Finance Transformation Leader-SAP Platforms Transformation, Strategy and Consulting
General Ledger Account Type
New field ‘G/L Account Type’ is added in G/L Master data in Chart of Account Segment. The general ledger account type determines how the general ledger account can be used in Financial Accounting (FI) and Controlling (CO).
The following values are possible:
- X - Balance Sheet Account- refers to Balance sheet account
- N - Non-operating Expense or Income refers to Profit and loss account that is used in FI only
- P - Primary Costs or Revenue refers to Profit and loss account that is used in FI and CO
- S - Secondary Costs refers Profit and loss account that is used in CO only
GL account master data in S/4HANA is maintained in transaction FS00 including the simultaneous creation of cost elements according to the general ledger account type.
Merging of Cost Element Master Data with General Ledger Master Data
Cost Element is defined as part of General Master Data maintenance . Transaction to create, change, display cost element now point to create, change, display of GL account maintenance in FS00. So all the cost element master records transactions are pointing to FS00 transaction code in S/4 HANA.
Aside from this, there are additional fields:
- Cost Element Category
- Record Quantity
- Unit of Measure are now part of “Control Data” tab on the GL Master Data in Company Code view
The cost element category determines which cost elements can be used for which business transactions. There are categories for primary and secondary cost elements.
►New Field ‘Cost Element Category’ under Control Data updates account settings for the Controlling Area.
►The following cost element categories are available when G/L account type P – Primary Cost or Revenue is selected.
►The following cost element categories are available when G/L account type S – Secondary Costs is selected.
Default Account Assignment is NO longer available at Master data level in SAP S/4 HANA Finance.
Default account assignment can be defined in Automatic account assignment (OKB9) or through substitution rules only. Default account assignments maintained in former cost element master data are migrated to OKB9 as a part of migration process.