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)

F101

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

 

 

Previous operation << >> I request the update of Table T030U to DT



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 assess the Trade Payable and Trade Receivables Adjustment accounts


Accounts created exclusively for the process and should not be used for other purposes:

Eg.:

2200000098 Trade receivables-transfer (adjustment account)

2350000000 Trade rec,credit balances (target account)


2300000098 Trade payables-transfer (adjustment account)

2250000000 Creditors w/debit balances (target account)


Customer credit balances



Customer Credit Balances

Supplier Debit Balances


Accounts in PF1

Accounts in WP1

Accounts in PF1

Accounts in WP1

Adjustment account

2200000098 (A41100)

41100185 (A41100)

2300000098 (L40100)

40100185 (L40100)

Target account

2350000000 (A41100)

40100180 (A41100)

2250000000 (L40100)

41100180 (L40100)


To assess if the needed GL accounts are created for the company being handled, you should go to FSS0.


Other trade receivables and trade payables accounts are already mapped.



Customer Credit Balances

Supplier Debit Balances


Accounts in PF1

Accounts in WP1

Accounts in PF1

Accounts in WP1

Adjustment account

2200000198 (A41100)

-

2300000198 (L40100)

2303000098 (L40100)

-

Target account

2350000010 (A41100)

-

2250000000 (L40100)

-


PF1 mapping (to review - target account will change sides A* to L* and vice versa).


WP1 mapping


...


End of document.