Finance in SAP S/4HANA: Record-to-Report Overview

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Record-to-report starter card

• R2R receives postings from every process and produces the financial statements.
• Subledgers: AP (suppliers), AR (customers), asset accounting (assets). Each updates its reconciliation account automatically.
• Never post directly to a reconciliation account; post to the supplier, customer or asset.
• Daily apps: Post General Journal Entries, Manage Journal Entries, Display Line Items in General Ledger, Display G/L Account Balances, Trial Balance.
• Goods receipt: inventory debit, GR/IR credit. Supplier invoice: GR/IR debit, supplier credit.
• Goods issue for delivery: cost of goods sold debit, inventory credit. Billing: customer debit, revenue credit.
• Wrong account on a logistics posting? Suspect account determination, not the user.
• Public Edition: predefined charts of accounts and content, guided configuration, fixed upgrade dates.
• Find any app and its details in the SAP Fiori apps reference library.