New GL and Unassigned GL mapping to Financial Statement Version

Welcome to this Blog post on new GL and unassigned GL assignment to FSV, I will explain you the process how to include GL account in FSV or include GL in newly created node of FSV. If any GL account has some cost booked and which are not yet mapped to Financial statement version then it will have impact on reporting. User can use the app “ Maintain Financial statement version “ and add the GL account to FSV.

Process

  • Add New GL to existing node

Go to Manage “Financial statement versions” under GL accountant role. Select FSV YPS2 and click on financial statement items.

Click on Financial Statement items and expand hierarchy till ‘Cost of Goods Sold’.

If GL account are not mapped to FSV then User can use “ Maintain Financial statement version “ and add the GL account to YPS2. Click on node where user want to assign GL account then click on ‘Assign Accounts’. User can assign GL account to existing nodes and if new GL is assigned to existing node, then no further action is required. You need to click on ‘Activate’ button.

  •  Add new GL to newly created FSV node

Create new node in FSV

If user needs to add new GL to new node, then user must know the node number. User can see node number from FSV via Key number.

Click on More -> Settings -> Change

Click on Item keys visible then click on ‘Continue’

This will display key number of each node. i.e., 24 Material Cost

Now user can add new node and this node number will be used to assign to semantic tag.

Select node and click on ‘Create Items’

Select 68 node item and click on ‘Assign Accounts’. Here user can assign new GL account in this node.

Assign Sematic Tags to FSV node

Go to ‘Assign Semantic Tags to FSV’ app and assign tag to newly created FSV node. All newly created cost node must be assigned  to tag ACT_COST or any other tag based on requirements.

i.e., FS item 24 assigned to Semantic Tag ‘ACT_COST’.

Replicate Runtime Hierarchy

With this app, you can manually replicate set-based and financial statement hierarchies to back-end database tables after you create or edit the hierarchies in other apps. The app helps to improve the performance of hierarchy related analytic apps.

Go to ‘Replicate Runtime Hierarchy’ app and click on create

Enter Hierarchy – YPS2 to replicate in system.

You can find more information from below links:

Financial Statement Versions: FAQ

Define Financial Statement Versions (Classic App) 

Define Financial Statement Versions in Global Hierarchies 

Conclusion

New GL or unassigned GL must be part of FSV node. If these GL are not part of FSV then it will show unassigned account in ‘Balance Sheet/Income Statement’ app and ‘Project Cost report’ app shows no value against those GL account.

Thanks for reading this blog post. I would like to see your comments and would like to  answer questions which u can post  at Q&A tag area : https://answers.sap.com/tags/66233466-fcd6-45d2-a9ae-2cba38c72e19