Record to Report (RTR) covers the business process related to Finance. The various areas (not-full list)
- Financial Accounting
- Management Accounting
- Treasury
- Taxation
SAP S/4HANA Finance covers following capabilities :
- Financial Planning and Analysis
- Accounting and Financial Close
- Treasury and Financial Risk Management
- Enterprise Risk and Compliance Management
- Collaborative Finance Operations
- Receivables Management
RTR – Finance processess can be categorised into following process-groups
- General Ledger Accounting
- Create / POST / PARK Journal Entries
- Analyze Account-Transactions
- Automatic & Manual Clearing
- GL Reporting
- Management Accounting
- Actual posting for Cost-center
- Periodic & Year-End Activities – PERIODIC
- Intercompany Accounting
- Product & Non-Product Intercompany Billing
- InterCompany Settlement – PERIODIC
- Transfer-Price &
- Product Costing
- Costing RUN – Prepare, Test-RUN, Approve, Execute-RUN, Release
- Inventory Management & Reporting
- Goods Receipt, Goods Issue
- Reservation
- Inventory-Valuation – PERIODIC
- Cycle-count – PERIODIC
- Period End Closing
- Period/Month End closing
- Year-End Closing
- Fixed Assets
- FA Acquisition
- Depriciation – PERIODIC
- FA Disposition
- FA Reporting
- Project-Accounting
- From Internal-Order to LEAN Project-Management
- Create Project & WBS-Element, Release Project & WBS-Element
- Budget Project, Release & Approve BUDGET
- Collect Cost on WBS
- Auto/Manual Settlement-RULE
- Settle WBS to Resp. Cost-centers {PERIODIC}
- REPORITING
- Treasury & Cash Management
- Import and process BANK-Statement
- Perform FINAL Posting
- Reporting
- CASH Positioning
- Investment and Financial Decisions
- Corporate TAX
- US – Sales TAX
- US – USE TAX
- EUROPE – Software Vertex
- Finance Function Internal Controls
- Establish, Implement, Monitor, Report