SAP Financial Accounting (SAP FI) Practice Exam

What are the steps in the recurring entry process for financial documents created monthly?

1. Review, approve, and post

2. Create the recurring entry, start the recurring entry program, and process the batch program

3. Draft, finalize, and archive

4. Input, save, and print

The correct answer is: Create the recurring entry, start the recurring entry program, and process the batch program

The process of handling recurring entries in SAP Financial Accounting involves several clearly defined steps to ensure that financial documents are generated accurately and automatically on a regular basis. The correct sequence begins with creating a recurring entry, which involves specifying the details of the entry that will be repeated each month, such as amounts, account assignments, and any necessary references. Following the creation, the next step is to start the recurring entry program. This is crucial because it enables the system to recognize these entries as part of the automated process, setting the stage for consistent monthly transactions. The program works in the background, parsing through the recurring entries that have been set up and preparing them for processing. Lastly, processing the batch program is the final step that executes the generation of these entries based on the parameters laid out in the previous steps. This ensures that all defined recurring entries are appropriately posted into the financial documents system. These steps reflect a systematic approach, ensuring that the recurring transactions are managed efficiently and reducing the likelihood of errors that could arise from manual entries. In contrast, the other options listed do not accurately represent this structured and systematic approach inherent to the recurring entry process in SAP FI.