An Introduction to Posting Journal Entries in SAP BusinessObjects Planning and Consolidation

  • by Prakash Darji, Senior Director of Solution Management in the Enterprise Performance Management Area Within SAP BusinessObjects
  • Ryan Leask, Senior Director, Solution Strategy for SAP’s Business User and Line of Business Sales Organization
  • January 22, 2010
Learn how to post journal entries for audited and controlled adjustments to planning data with SAP BusinessObjects Planning and Consolidation, including how to post, unpost, and delete journal entries.
Key Concept
All functionality in SAP BusinessObjects Planning and Consolidation is designed with the business user in mind, and Journals is no exception. Traditionally, tasks such as posting journal entries are in the realm of a financial department, and SAP BusinessObjects Planning and Consolidation aims to keep these business users in an environment that is familiar to them (e.g., Microsoft Excel). In fact, Journals has been seamlessly woven into the SAP BusinessObjects Planning and Consolidation Excel client so you do not have to learn new tools or technology to start using it.

Within the finance department, companies post journal entries at the end of their monthly or quarterly financial close process to recategorize or adjust their actual financial transactions. SAP BusinessObjects Planning and Consolidation allows you to manage journal entries and provides the full realm of controls to post, unpost, and track journal entries in your planning applications.

We’ll address the capabilities available for business users to work with and adjust their financial transactions using journals. We address journals generically, but all examples are from SAP BusinessObjects Planning and Consolidation, version for SAP NetWeaver. Typically you use the Journals functionality when implementing financial consolidations with SAP BusinessObjects Planning and Consolidation, but it is important to note that even if you are just using the planning capabilities, you may still use the Journals module if desired.

Note
The term SAP BusinessObjects Planning and Consolidation actually refers to two products:

  1. SAP Business Planning and Consolidation, version for the Microsoft platform
  2. SAP Business Planning and Consolidation, version for SAP NetWeaver

Prakash Darji

Prakash Darji is currently director of product management in the Enterprise Performance Management area within SAP Business Objects. In his current role as a director of product management for the SAP BusinessObjects Planning and Consolidations product, his responsibilities include inbound product management through working on the short- and longer-term roadmap for SAP's Planning Solutions, managing deliverables for multiple releases, as well as creating product specifications for innovative features and functions to differentiate against key competitors. His full bio is available at: www.linkedin.com/in/prakashdarji.

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Ryan Leask

Ryan Leask currently runs the SAP BusinessObjects Planning and Consolidation solution management team for SAP, based out of Palo Alto, CA. Prior to this position, he led the EPM solution architecture team with a main focus on the design of SAP BusinessObjects Planning and Consolidation 7.0, version for SAP NetWeaver. Ryan has also worked on SAP xApp Analytics, SAP NetWeaver Visual Composer, SAP NetWeaver BW, SAP SEM, ABAP, SAP CRM, analytics/data mining, and whatever else seemed interesting. He has also co-authored SAP xApp Analytics (SAP PRESS, 2006), written many articles, and presented at numerous conferences.

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