MB-310 cheat sheet

A legal entity has exactly one ledger, one accounting currency, one chart of accounts, and one fiscal calendar.

Account structures must contain the main account plus at least one financial dimension; one structure can be active for several legal entities.

Posting profiles map transaction groups, such as customer groups or vendor groups, to ledger summary accounts; each module needs a default profile.

Financial dimensions are backed by dimension values; dimension sets group the dimensions used together in a structure.

Intercompany postings require intercompany account pairs (due to / due from) plus a relationship chain for multi-hop transactions.

Soft close blocks posting except for selected users or groups; hard close blocks all posting for the period.

Accrual schemes link to ledger accrual setups and reverse automatically on a defined frequency, such as monthly.

Currency revaluation restates foreign-currency balances using an exchange rate type and posts unrealized gain or loss to defined accounts.

Settlement links a customer payment to open invoices; cash discounts post to accounts defined in the customer posting profile.

Terms of payment drive due dates and discount dates; payment days can be net, day of month, or end of month.

Credit management is enabled per legal entity; credit limits can be set per customer or shared through a customer hierarchy.

Aging period definitions set the bucket intervals used by aging snapshots, collections reports, and collection letters.

Collection letters are generated from sequences that specify aging buckets, fees, and interest codes.

A write-off journal removes uncollectible balances and posts to the write-off account in the customer posting profile.

Recurring free text invoices use a recurrence, invoice amount, and posting profile; processing generates invoices in batch.

Free text invoices support payment schedules with installment terms, and revenue recognition schedules can defer revenue.

Matching policy options include two-way (invoice vs. purchase order), three-way (invoice vs. PO vs. product receipt), and invoice total matching.

Invoice total tolerance is set in Accounts payable parameters or per vendor; exceeding it blocks posting or routes to workflow.

A prepayment journal voucher posts a vendor advance to the prepayment account; a prepayment invoice later applies it to an invoice.

The payment proposal selects invoices by due date, cash discount date, and method of payment; review it before posting.

Vendor posting profiles determine summary accounts for liability, prepayment, discount, and 1099 amounts by vendor group.

Expense management uses expense categories, policies, and workflow; per diem is calculated from per diem locations and rates.

Charges codes add miscellaneous amounts to vendor invoices and can be allocated to ledger accounts.

Positive pay generates a bank file of issued checks and amounts; voided checks are excluded or reported separately.

Budget funds available = original budget + budget revisions + actual expenditures + encumbrances.

Budget codes classify register entries as original budget, transfer, revision, or carry-forward.

Budget control configuration defines source documents, dimensions, and the time interval (year, quarter, month) that is checked.

Over-budget handling can be set to deny, warn, or allow with approval workflow per budget group.

Budget planning uses scenarios, stages, and workflow; approved plans transfer into budget register entries.

A budget transfer reduces budget on one account and dimension combination and increases it on another within the same budget model.

Budget cycles and budget exchange rates convert budget plan amounts entered in multiple currencies into the accounting currency.

Straight line depreciation = (acquisition cost - salvage value) / service life in periods.

Declining balance depreciation applies a fixed percentage to the net book value in each period.

Depreciation conventions such as half-year, mid-month, or full month determine first-period and last-period depreciation amounts.

A book defines depreciation profile, service life, convention, and posting profile; one asset can have multiple books.

Fixed asset journal types include acquisition, depreciation, disposal, and adjustment, and each posts through the fixed asset posting profile.

Assets acquired through a purchase order require the item or category to be configured to allow asset acquisition.

Disposal gain or loss = proceeds - net book value, posted to the disposal accounts.

Bonus depreciation and depreciation adjustments are recorded in the depreciation book rather than the value model when so configured.