SAP ERP Financials and FICO Handbook

1.4 G/L ACCOUNTING (FI-G/L) 43
Normal reversal : In normal reversal, mySAP ERP Financial posts the reversal
document on the opposite side of the original entry. In Figure 1.28, document 1033
is the original posting, which is corrected by reversal through document 1034. This
functionality does not suit the legal requirements of some countries.
Negative reversal : In negative reversal, the accounting entry is posted on the
same side as the original entry with the opposite sign.
The net effect in both cases is the same. The account balance that is increased by
the original posting will be reduced by the reversal posting, and vice versa.
87. Explain the reversal process in SAP solutions.
Various business situations may arise that compel a company to correct accounting
documents. As you are aware, SAP R/3 and mySAP ERP Financial don’t allow the
deletion of an accounting entry. The only way to correct accounting entries is to
reverse the incorrect accounting documents. You can reverse FI accounting document
only when:
■ The document that is to be reversed originated in FI.
■ All additional assignments are valid at the time of reversal, i.e., cost centers,
business areas, etc.
■ The document to be reversed has not yet cleared.
■ The FI documents are not generated through IDOCs that came from external
systems.
■ The accounting documents are related to G/L, AP, and AR.
During reversal, the SAP solution will create a reversal document according to
the reversal document type set for the original document type. For audit tracking,
you will find a reference to the reversal document number in the original document
header; similarly, the reversal document header will include the original document
number.
88. What is a noted item in the SAP solution?
A noted item is a special G/L transaction meant for informational purposes.
A noted item reminds user groups of potential payment and creates a one-sided
entry. Other advantages of noted items are access to these transactions from
automatic payment programs and dunning programs.