What is document parking and why is it important when consideration internal control procedures and “segregation of duties” ?
A: Parking is a SAP term which means a posting
(AP/AR/GL) can be temporarily saved (possibly with
incomplete information) without hitting the affected
ledger(s). A separate person can then release the posting to
the ledger when required.
This is useful for example if junior staff are to initially
enter the invoices, before their supervisor checks it and
books it to the ledger.
Another popular use is when entering GL journals with
many hundreds of line items. The document can be partsaved
allowing for completion at a later date.
Invoice Parking
Purpose
In this IDES process, you park the invoice, before posting it in Financial Accounting (FI). In this example, you post a vendor invoice.
This scenario is valid only for documents under 500 USD (500 EUR). For larger amounts, the parked document can only be released by an accounting supervisor. This process is described in a workflow example, which you can find in the Cross Application area, under FI Document Parking with Invoice Receipt by Fax.
You can find more information about this process under
.
Process Flow
You can find the data for this process under
.
A: Parking is a SAP term which means a posting
(AP/AR/GL) can be temporarily saved (possibly with
incomplete information) without hitting the affected
ledger(s). A separate person can then release the posting to
the ledger when required.
This is useful for example if junior staff are to initially
enter the invoices, before their supervisor checks it and
books it to the ledger.
Another popular use is when entering GL journals with
many hundreds of line items. The document can be partsaved
allowing for completion at a later date.
Invoice Parking
Purpose
In this IDES process, you park the invoice, before posting it in Financial Accounting (FI). In this example, you post a vendor invoice.
This scenario is valid only for documents under 500 USD (500 EUR). For larger amounts, the parked document can only be released by an accounting supervisor. This process is described in a workflow example, which you can find in the Cross Application area, under FI Document Parking with Invoice Receipt by Fax.
You can find more information about this process under
.Process Flow
You can find the data for this process under
.Confused? Feel free to ask
Your feedback is always appreciated.I will try to reply Ur queries as soon as time allows.
Regards,
SAPhelpdesk
0 comments:
Post a Comment