Integration of FI With MM
Integration of FI With MM
materials are valuated for the balance sheet purpose. There are two valuation areas
available in sap.
1. Company code
2. Plant
Of the company code is taken as the valuation area, we have to use same procedure to
valuate the materials of all the plant assigned to the company code. In this case we do
not have the flexibility and we can have the uniformity in the material valuation.
If the plant is taken as the valuation area, then we can use different procedures to
valuate the materials of different plant assigned to the company code. Here we can have
flexibility, but we cannot have the uniformity in valuation of the materials. SAP
recommends to use the plant as valuation area.
Integration of FI with MM
Step 14: Maintain Plant Parameters for Inventory management & physical inventory
Path: SPRO – Material Management – Inventory management & Physical inventory – Plant
Parameters
Select Plant 0001
Click on copy as button
Plant = click on enter and save
Step 15: Default Values of Tax Codes for Invoice verification
Path: SPRO – Material Management – Logistics Invoice verification – Incoming invoices –
Maintain default values for tax codes
Select Co.Cd. 0001
Click on “copy as” button
Company code =
Tax code = V0 click on enter and save.
Company Code =
Account Group =
Purchasing Organization = Click Enter
Title = Company
Name =
Country =
Material =
Industry =
Material type = Click on “Select Views”,
Select the following views
Basic Data 1
MRP 1
Purchasing
Accounting 1
Costing 1
Costing 2
Click on “Organizational levels”,
Plant =
Storage location = Click on “Enter”
Material =
Base unit =
Material Group = Click on Enter
Purchasing Group = Click on Enter
MRP Type = ND (No Planning) Click on Enter
Valuation class =
Moving price = Click on Enter
Select “With Quantity Structure” check box Click on Enter
Observe all Fields Click on “Save”.
Step 20: Creation of GL account’s in FI T.code FS00
GL Account Number =
Company Code =
Go to Menu, G/L Account, Create
Account Group =
P&L Statement Account
Balance Sheet Account
Short Text =
Long Text =
Account Currency =
Only balances in local Currency
Line item display
Sort Key =
Go to Create/Bank/Interest tab,
GL Account Number =
Company Code =
Go to Menu, G/L Account, Create
Account Group =
P&L Statement Account
Balance Sheet Account
Short Text =
Long Text =
Go to Create/Bank/Interest tab,
GL Account Number =
Company Code =
Go to Menu, G/L Account, Create
Account Group =
P&L Statement Account
Balance Sheet Account
Short Text =
Long Text =
Account Currency =
Only balances in local Currency
Line item display
Sort Key =
Go to Create/Bank/Interest tab,
Path: SAP Easy Access – Logistics – Material Management – Inv. Management – Goods
Movement – GR for PO
Scroll down and Select “Item OK” and Click on “Check” button on the tool bar.
In PO Reference tab,
Enter PO Document Number Click Enter
Movement type =
Plant =
Storage Location =
Click on “Enter”
G/L Account =
Cost Centre =
Material =
Quantity =
Storage Location =
Click on “Save”. Note the Document Number
Go to T.code MB03, display your document and observe the following Accounting
document: