Tasks to be completed when documenting an operation (from creation to publication)
1. Enter the Title of the operation / page
2. Add the following Labels:
Scope of applicability: ww, country_accounting
Country or group of countries (if applicable): belux, china, france, italy, lam, nam,uk_ie, bulgaria, dach, netherlands, iberia, poland, latvia, australia, india, japan, south_korea, thailand, singapore, new_zealand, emea_transversal, apac_transversal
Unit and Domain according to the List of labels to be used in the Finance Service Line space
- E.g. 1: WW Operation in Financial Accounting under domain "Central Finance Processes & Compliance":
- Labels to be used: ww, financial_accounting, central_fin_proc_compliance
- Labels to be used: ww, financial_accounting, central_fin_proc_compliance
- E.g. 2: France Operation in Financial Accounting:
- Labels to be used: country_accounting, france, financial_accounting
(for country operations, the Domain is always country_accounting)
- Labels to be used: country_accounting, france, financial_accounting
- E.g. 1: WW Operation in Financial Accounting under domain "Central Finance Processes & Compliance":
3. Fill in all fields as described above
4. Name the title of each section using OPD methodology naming convention - Infinitive verb without the “to”, mainly action verb...something) -" I do something..."
5. Once the description of the operation is completed, ensure it is approved and published by launching the SBS-Finance approval workflow
Responsibility area: Ensure consistency of F101 for TR and TP
Table of contents
Scope
ERP
Frequency
References
F101; SE16 T030U
Forms
Attachments
I ensure division/market 8590/IECRA0450 is impacted and reversed in the consequent month<< I confirm F101 for Trade Receivables and Trade Payables ran successfully >>
1. Objective and Scope
1.1. Objective of this Operation
There was an initiative to align between PF1 and WP1 concerning the denetted positions calculation for trade payables and trade receivables.
In PF1 and WP1, we already have this automated posting which impacts receivables/payables reporting, meaning that there is truly a reclassification between balance sheet headings.
On going is the analysis regarding the trading partners for open items that have been assigned to Factoring (CAMs companies).
PI1 is being customized, following the same structure as PF1 (profit Center D8590 and Business Area 8590). On going is the analysis regarding the trading partners for open items that have been assigned to Factoring (CAMs companies).
1.2. Scope
The scope of this operations is all Solvay companies operating in PF1 and WP1 systems.
2. Definitions
See Finance Glossary:
- ...
3. Tasks description
There was an initiative to align between PF1 and WP1 concerning the denetted positions calculation for trade payables and trade receivables.
In PF1 we already have this automated posting which does not impact receivables/payables reporting, meaning that no reclassification between balance sheet headings is performed.
However, the posting on dedicated accounts allows detecting these positions at month end (reversal on the following month is also performed).
3.1. I request the update of Table T030U to DT.
Automated jobs are set up in FCC.
To set up correctly table T030U, you must know which transaction to take into consideration in your request to DT is:
Transaction
V05- Reclass Accounts with Debit Balance (PF1/WP1)
V06- Reclass Accounts with Credit Balance (PF1)
V07- Reclass Accounts with Credit Balance (WP1)
The adjustment accounts already created but only for Trade Receivables and Trade Payables are similar to the source GL accounts but ending in -98.
Eg.:
Trade receivables GL account Trade receivables adjustment account
2200000000 2200000098
2200000010 2200000198
Trade payables GL account Trade payables adjustment account
2300000000 2300000098
2300000010 2300000198
2303000001 2303000098
PF1
...
