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FI Localization Topics for Japan and South Korea Locate this document in the navigation structure

 

Technical Data

Technical Name of Business Function

FIN_LOC_CI_4

Type of Business Function

Enterprise Business Function

Available As Of

Enhancement Package 4 for SAP ERP 6.0

Technical Usage

Central Applications

Application Component

Financial Accounting (FI)

Directly Dependent Business Function Requiring Activation in Addition

Not relevant

You can use this business function to meet business requirements in the Financial Accounting (FI) component for Japan and South Korea.

Prerequisites

You have installed the following components as of the version mentioned:

Type of Component

Component

Is Needed Only for the Following Features

Software Component

SAP_APPL 604

Features

Functions for Japan

The business function provides enhancements for the Invoice Summary solution, which allow you to:

  • Upload new or changed master data related to payment term data and alternative payer name data from the legacy system to the SAP system using the batch input manager

  • Extend the invoice summary header with additional fields. For more information, see Invoice Summary Processing.

  • Download the invoice summary data in SAP standard file format using the Print Program. For more information, see Print Program.

  • Add new fields to the output of the Print Program

  • Define the sorting criteria and sorting sequence to be used in the output of the Print Program

  • Use improvements in manual clearing, including:

    • A simplified screen for the invoice summary clearing process, where you have the option to clear items with reference to monthly invoice data only

    • Clearing from the oldest invoice summary payer invoice and its monthly invoices

    For more information, see Clearing Process.

  • Determine special cases, when:

    • Virtual account numbers are assigned to specific payer invoices from a given list of numbers defined by the user

    • Separate clearing logic is used

    For more information, see Virtual Account Number Assignment for Special Cases and Clearing Process.

Functions for South Korea

The business function provides enhancements in tax invoices and bills of exchange payable, which allow you to:

  • Maintain multiple VAT registration numbers per customer and vendor

    The system takes this into account in the following reports:

    • In Accounts Receivable: Print Tax Invoices, Reprint Tax Invoices, VAT Summary Report

    • In Accounts Payable: VAT Summary Report

    For more information, see Customer Master Data (Control Data)

  • Configure due date determination for bills of exchange payable for invoices that exceed KRW 1,000,000, based on your vendors’ industry type and classification as a small business or midsize enterprise (SME) or a large enterprise (LE).

    For more information, see Due Date Determination for Bills of Exchange Payable