SAP S/4HANA Finance Cut-over Checklist for Successful Conversion

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Checklist to be considered for a successful S/4 conversion

We would like to cover few important cut-over checklist to be considered for a successful S/4 conversion. Most of you would have gone through the important changes in S/4HANA from a finance perspective. I would like to re-iterate some of the key areas below.

(i) New Asset Accounting

(ii) Material Ledger is mandatory but Actual costing is optional

(iii) Change in Cash Management functionality

(iv) Universal Journal – Single source of truth. etc…

We could find enough articles around the internet to understand the functionality changes. Hence in this article we’ll cover the key areas from finance perspective.

a. Not more that one Asset fiscal year can be kept open before conversion.

b. ASKB- Periodic asset acquisition to be posted before conversion. If not you will end up in an error during RASFIN_MIGR_PRECHECK ; As most of you are aware TCode ASKB is obsolete in S/4 HANA and the Acquisitions are posted on real-time to leading and non-leading ledgers.

c. If you manage additional ledger and additional currency in you Finance (OB22) and if you have not maintained a separate depreciation area for managing the additional currency. System will stop you from conversion unless you create a new depreciation area for the chart of depreciation.

d. Depending on the number of active entity which uses asset accounting we need to qualify if the new asset accounting migration can be done along with S/4 conversion. If the volume of data and the number of entity using Asset Accounting are more, then it is always advisable to migrate to New Asset Accounting first before S/4 conversion.

e. If material Ledger is already active in ECC, then before conversion we need to make sure that Unit of measure between CKMLPP and MARA are same. If the UOM and Price is changed forcefully using CK24 after the month end closing. Then the pre-conversion consistency check will throw an error. You need to get SAP’s help to resolve the same.

These are few of the cut over check list we need to take into consideration before S/4 conversion. Reach out at info@iquantm.com to understand more on how to handle your Finance Cutover during your SAP ECC to SAP S/4HANA Conversion.

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