In this Document we will capture GL Planning/ Budgeting Process, Scenarios and requirement of an Organization.
This component is used to handle GL accounting transactions that you can Prepare Future forecast, Allocation in a Particular Department.
You can use the planning function in General Ledger accounting to enter and distribute plan data to create budgets, forecasts, and other reports.
You can quickly and easily enter large amounts of plan data. You have the following options for plan data entry:
Planning in General Ledger Accounting comprises the following functions:
Planning
Planning is generally part of controlling. However, we can plan for the general ledger accounts in finance module of sap. This can be done to prepare the variance analysis within financial accounting.
The planning application "cost center planning" enables the planning of the necessary budget of cost centers in the organizational structure of your company. You identify and value the relevant cost drivers, define manually entered prices (also called "political prices") for the internal activity allocation and enter primary and secondary costs.
Cost center planning involves entering plan figures for costs, activities, prices or statistical key figures for a particular cost center and a particular planning period. You can then determine the variances from these figures when you come to compare these plan values with the costs actually incurred. These variances (see: Variance Calculation) serve as a signal to make the necessary changes to your business processes.
Cost center planning forms part of the overall business planning process, and is a prerequisite for standard costing. The main characteristic of standard costing is that values and quantities are planned for specified time frames, independently of the actual values from previous periods.
You have to activate the delivered planning application. For more information
The general process flow of cost center planning covers the following steps:
Profit center planning forms is a part of corporate planning. For this reason, planning integration and reconciliation are particularly important.
Planning is a combination of top-down/bottom-up planning on several aggregation levels. The different roles of the persons involved in the planning process are reproduced with the help of various Planning Profiles, which enable a role-specific view of the existing planning objects.
Process Flow
The persons responsible for planning for their respective company call up their planning folder and plan revenue cost of sales, working capital, investments, and depreciation corresponding to the sequence suggested in the planning folder.
The following profit center master data is maintained in the central master data maintenance system and distributed from there to the local systems:
Description: | Planning tables Update |
Transaction Code: | GLPLINSTALL |
Menu Path: | |
Client dependent settings: | Yes / No |
Description: | Define versions |
Transaction Code: | SPRO |
Menu Path: |
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Client dependent settings: | Yes / No |
Maintain fiscal Year -Select Version “0” and double Click on Settings for Each Fiscal Year .
You use planner profiles to control the way planning is carried out. In a planner profile, you specify per planning area which planning layout is to be used with which default values. Per planning area, you can create as many planning layouts as you require. The profile item determines the order of the planning layouts within a planning area and can be used to assign the same planning layout to a planner profile in multiple areas, but with a different default setting each time.
Description: | Define Planner Profile |
Transaction Code: | GLPLADM |
Menu Path: |
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Client dependent settings: | Yes / No |
Description: | Define Plan version |
Transaction Code: | GLPV |
Menu Path: |
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Client dependent settings: | Yes / No |
In this activity, you can specify fiscal-year-dependent parameters for the plan versions of your ledgers. In so doing, you assign the desired fiscal year and posting period to your plan versions and activate them. You can also lock a plan version.
Description: | Define Plan version |
Transaction Code: | GLPV |
Menu Path: |
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Client dependent settings: | Yes / No |
In this activity you can determine the posting periods allowed for entering planning data. You can create permitted posting periods in the form of variants, which can then be assigned to company codes.
Description: | Define Plan version |
Transaction Code: | GCP5 |
Menu Path: |
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Client dependent settings: | Yes / No |
In this IMG activity, you define the number range for your planning documents in General Ledger Accounting. You specify the following number range details for each company code:
In this activity you determine in the planning if summaries as well as plan line items are to be written.
Description: | Define Plan version |
Transaction Code: | GLPV |
Menu Path: |
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Client dependent settings: | Yes / No |
And execute to update
To be able to plan for cost elements, you first need to define the planning layout. In the planning layout, you specify the format of the planning screens.
Description: | User-Defined Planning Layouts |
Transaction Code: | SPRO |
Menu Path: |
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Client dependent settings: | Yes / No |
Planning data
Transaction GP12N
Here Plan Version “0” used for display Plan data
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