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

      • 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)


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 


Domain: Financial Accounting

Responsibility area: Ensure consistency of F101 for TR and TP

Table of contents 

By default the table of contents displays Heading 1 & Heading 2 (other levels can be added)


Scope

3. Remove the icon when not applicable

ERP

4. Remove the icon(s) when not applicable

Frequency

5. Remove the icon(s) when not applicable

References

6. Add the link to SAP transaction(s) (when it exists)

Forms

7. Insert the links accordingly and change the link text with the Form name


Attachments

8. Add the link to attachments or external links


 

 

I assess the Trade Payable and Trade Receivables Adjustment accounts << >> I ensure division/market 8590/IECRA0450 is impacted and reversed in the consequent month



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 isn't truly a reclassification between balance sheet headings, only a transfer to a dedicated GL account in order to segregate the counternature balances.

1.2. Scope

The scope of this operations is all Solvay companies operating in PF1 and WP1 systems (being assessed in PI1).

2. Definitions

Definitions should be added in the Finance Glossary - Add definition and link it to respective Letter in Finance Glossary 

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 and WP1, we already have this automated posting which impacts receivables/payables reporting, meaning that there isn't truly a reclassification between balance sheet headings. Only a segregation of the counternature balances in the same heading.

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).

3.1.I request DT the update of T030U table

3.1.1. I open a ticket to DT to update T030U table


I go to Service One Digital Workplace > Catalog > Financial Services > IT - General Accounting & Close (GAC)/Treasury & Invoice to Cash (TITC) / Other processes


Category L2

IT Finance-General Acc&Close (GAC)

Category L3

Close the Books General Accounting & Reporting

Category L4

IT- Automatic GL postings




I explain what are the accounts impacted and where to be changed (in T030U table  - adjustment and target accounts).


End of document.