How to use FINS_IC_HKONT - G/L Accounts for Rounding Difference

SAP Transaction Code - Details

• Transaction Code: FINS_IC_HKONT

  Description: G/L Accounts for Rounding Difference

  Release: S/4HANA only

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: FINS_FI_IC

    Package Description: Financial Accounting - Manage Currencies

    Parent Package: FINS_FI

  • Module/Component: FI-GL

    Description: General Ledger Accounting

Smart SAP Assistant

• SAP Tcode: FINS_IC_HKONT - G/L Accounts for Rounding Difference

  
  Overview:
  The SAP transaction code FINS_IC_HKONT is used to maintain G/L accounts for rounding differences. This transaction code is used to set up a G/L account for the purpose of recording any rounding differences that may arise when posting documents. 
  
  Functionality: 
  This transaction code allows users to set up a G/L account for the purpose of recording any rounding differences that may arise when posting documents. This G/L account is used to record any differences between the amount posted in the document and the amount that was calculated. This ensures that all rounding differences are recorded accurately and can be tracked easily. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code FINS_IC_HKONT in the command field. 
  2. Enter the company code and G/L account number in the corresponding fields. 
  3. Select “Create” to create a new G/L account for rounding differences. 
  4. Enter the required details such as account name, currency, and description. 
  5. Select “Save” to save the changes made to the G/L account. 
  6. Select “Activate” to activate the G/L account for use in postings. 
  7. Select “Back” to return to the main screen of the transaction code FINS_IC_HKONT. 
  
  Other Recommendations: 
  It is important to ensure that all rounding differences are recorded accurately and can be tracked easily by using this transaction code. It is also recommended that users regularly review their G/L accounts for rounding differences to ensure accuracy and compliance with accounting standards.