Related Article: Important tables in SAP FICO 4. So customers no need to worry about their Z Reports. However, if you have developed your own Z tables, with the help of Compatibility views in the same name, it will support the same old programs. It means you no longer require index tables along with aggregate tables Thus, these have been removed. In S4 HANA Finance, the calculation is “On the Fly”. This poses as one of the major differences between SAP FICO and S4 HANA Finance.Īlso Learn: What is SAP? Its Historical facts and Journey 3. There are now 8 additional freely definable currencies available. However, you cannot use extension ledgers in asset accounting. As a result, when you run a report for the extension ledger it pulls in both the base ledger and the extension ledger data. Whereas you need to link the extension ledgers to a base ledger and only take delta postings. You do the adjustments only to the parallel ledger. With an additional parallel ledger, postings are physically made to both the leading ledger and the parallel ledger. While the in Ledgers in S/4HANA Finance, we additionally have Extension ledgers, Simulation Ledgers & Prediction Ledgers or Predictive Accounting (From 1809 onwards). In SAP FICO we have Parallel Ledgers as part of New GL.
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Informative & Interactive apps are available so that we can see the number of outstanding items or account balances in the Fiori apps. SAP Fioriĭescribed as the new User-Experienced, SAP Fiori replaces most of the SAP GUI transactions resembling the more users friendly smart Device apps like Phone Tablets, etc. These functions are more advanced, provide great UX (user experience) and are in line with the latest technology. New features and functions of SAP S/4HANA Finance create a good difference between SAP FICO and S4 HANA technology. What are the Functions of SAP S/4HANA that makes the major difference between SAP FICO and S4 HANA Finance? Related: SAP Brownfield Vs Greenfield Implementation in S/4HANA This speed results in faster reconciliation of accounts and finance processes such as period-end closing, report analysis & more. One other key advantage of SAP Finance on HANA is its high processing speed. The migration of SAP FICO to SAP S4 HANA Finance has not only binds all processes together but also gives a high level of personalized UX (User experience) using SAP Fiori. Not just this, you have to do monthly closing for many operative entities leading to high transaction volume at month-end. In Traditional ERP, there was a delay in Closing activities, which could not begin until the period end. However, please note that these are just guidelines, not strict rules. FB01 and FB01L as well as a lot of the new asset transactions. The letter L at the end of some transactions seems to allow posting to different ledgers for e.g.
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Furthermore, some are already available in the later versions of ECC. It includes those transactions also which are introduced with the SAP New GL. The letter N has often been added to new transactions anyway.
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Here it seems that where the letter H is added at the end of the transaction, it tends to be a new S/4 HANA specific transaction. Transaction numbers FAGLL03 and FAGLL03H are sometimes redirected to new functionality automatically. Not only this, both the old and new transactions co-exist also. Sometimes you can enhance and recognize the transactions easily. However, a lot of the ECC 6 functionalities are still available in S/4 HANA in the GUI. Although some of the functionality may be available in the later enhancement packs of ECC 6. The exact functionality of S/4HANA varies actually depending on its release. These are Overhead Management, Product Cost Calculation, Account-Based Profitability Analysis with Cost of Goods Splitting, Material Ledger New Asset Accounting, Cash management, etc.Īlso Check: SAP S/4HANA Finance Online Training Difference between SAP FICO and S4 HANA Functionality This new product is a combination of New GL with different category Extension Ledgers and complete Management Accounting solutions.
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SAP Simple Finance was the first part of the Business suite to be rewritten to run on SAP’s new superfast in-memory HANA database.