Best Practices to Manage a Smooth Chart-of-Accounts Conversion in an SAP Environment

Best Practices to Manage a Smooth Chart-of-Accounts Conversion in an SAP Environment

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Meet the Experts

You are a massive global organization with a complex system landscape and want to embark upon an SAP General Ledger (formerly known as new G/L) or SAP S/4HANA journey. These best practices help you clean up and standardize key processes or data to prepare for a chart-of-accounts (COA) conversion.

Key Concept

Once the SAP system is live and transactions are posted, it is not possible to make changes to some critical and foundational setups, such as chart-of-account setup, currency settings, Controlling area changes, or fiscal calendar changes. The System Landscape Optimization (SLO) approach offers the most effective way to manage such transformation initiatives. Although the conversion approach sounds technical in nature, it has a significant business impact.

In this ever-changing world, finance departments have to play a much bigger role than just regular bookkeeping. The CFOs of organizations, whether small or large global companies, have to constantly keep on reorganizing to the changing environment. Gone are the days when you would consider a finance transformation initiative just one time and hope that you are done.

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