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B Chanu SK Info Tech
B® oor01s79188
a.
Techni¢atClearing
Account In S4HANA
Finance Asset Accounting About Author B Chanu SK Info Tech
Chanu SK who is the Director of Chanu SK Infotech Pvt
Ltd and he has more than 12+ years of experience in
SAP FICO, S4HANA Finance, Accounting, Costing and
holds MBA and CMA Final professional qualifications
also, he has good exposure on Tax and financial
management as well. He is running SAP YouTube
channel named CHANU SK got more than 3800+ active
subscribers.
aN OR 1p Lert ea SL od
Chanu SK Info Tech Pvt Ltd offers training as well
as payroll processing, Internal Audit services and
software development solutions. Their payroll
processing service helps organizations manage
employee payroll efficiently while their BPO
services offer cost-effective solutions for non-core
business like data entry, customer support or
back-office operations processes What fs Technical Clearing Account? baa B Chanu SK Info Tech
“ New Asset Accounting replaces classic Asset Accounting in SAP Accounting powered
by SAP HANA.
4 This New Asset Accounting requires a technical clearing account to be set up.
Technical clearing account is extended for integrated asset acquisition in New
Asset Accounting.
~ Depending on the Client Business requirement, we can define more than one
Technical clearing account can either be defined at the COA level or can be
Configured based on the combination of Chart of Account and Account Determination
‘ The system divides the Asset acquisition posting into two parts, the operational and
the valuating part.
“The Technical clearing account needs to be defined as a Reconciliation and Balance
sheet Account for Asset
‘~ Manual Posting cannot be happen through Technical Clearing Account Postngtovcinnew Asset Accouming, 3
Operation Entry doc Create
Ledger Group
Perey
Con)
pes ened
pussieint
Operation Entry View doc does not
update asset values
oy
Reet Mod
(To Assot Recon
rv)
Universal Journal
sy)
pee ery
Tables ‘ In new asset accounting assume you have two accounting principles US GAAP for
leading ledger (OL) - Ledger Group : OL and Local Indian GAAP for Non Leading Ledger
(NL).
one Part
Once Asset is procured through F-90, there would be below entries generated in SAP
S4HANA ERP System,
Business Transaction Entry No 1: Posted to all ledgers(0L and NL)
Technical Clearing of Fixed Assets Dr
To Vendor Account Cr Valuation Part
Business Transaction Entry No 2: Ledger specific posting to ledger group OL for US GAAP
Asset Acquisition A/c Dr
Technical Clearing of Fixed Asset Cr
Business Transaction Entry No 2 : Ledger specific posting to ledger group NU for Local
INDIAN GAAP
Asset Acquisition A/c Dr
Technical Clearing of Fixed Asset Cr uM ‘3
mm): The operational part Contains to the vendor invoice which is ledger group
independent document i.e. posts to all the ledgers (valid for all accounting
principles(Both OL & NL).
“ The valuating part pertains to posting capitalization of the asset. This document is
ledger group dependent document. This is valid only for a given accounting principle
and Both the operational and the valuatingjpart re posted against the technical
cleating account.
“ Technical clearing account in Asset Accounting always balances to zero for every
accounting principle in the chart of depreciation(COD) in ledger approach for the
financial statement. epee) Sa B Chanu SK Info Tech
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