Noted items in SAP S/4HANA are special types of financial postings used to document information that does not directly impact the financial statements or create open items. These items are typically used for informational purposes, such as recording promises to pay, guarantees, or other non-posting-related data. Let’s analyze each option to determine the correct answers.
Explanation of Each Option:
C. They generate statistical postings.
Correct : Noted items are statistical postings , meaning they do not have a direct financial impact on accounts or balances. Instead, they serve as informational records and are often used for reporting or reference purposes. For example, a noted item might document a customer's promise to pay without creating an actual receivable.
Reference : According to SAP documentation, noted items are classified as statistical postings because they do not affect account balances or financial statements.
D. They generate postings that do not balance.
Correct : Noted items do not adhere to the principle of double-entry accounting, meaning they do not balance . Unlike standard financial postings, which require a debit and credit entry, noted items are standalone entries that do not require balancing. This is because they are not intended to impact the general ledger in a balanced manner.
Reference : SAP documentation confirms that noted items are non-balancing postings and are used purely for informational purposes.
E. They update the general ledger in Entry View only.
Correct : Noted items are recorded in the Entry View of the general ledger but do not update the General Ledger (G/L) in the same way as regular postings. They are visible in the Entry View to provide transparency into the source of the noted item, but they do not affect the overall financial balances in the G/L.
Reference : SAP documentation highlights that noted items appear in the Entry View for traceability but do not impact the financial balances in the G/L.
A. They can be accessed by the payment program and the dunning program.
Incorrect : Noted items are not accessible by the payment program or the dunning program because they do not represent open items or financial obligations. These programs work only with actual open items, such as invoices or payments, and noted items are purely informational.
Reference : Payment and dunning programs process only open items that have a financial impact, not noted items.
B. They are managed as open items on customer and vendor accounts.
Incorrect : Noted items are not managed as open items on customer or vendor accounts. Open items are transactions that require clearing (e.g., invoices, payments), whereas noted items are informational and do not require clearing. They are not included in account reconciliation processes.
Reference : Open item management applies only to transactions that impact account balances, not to noted items.
Key References to SAP Documentation:
SAP S/4HANA Finance for Accounts Receivable and Payable : Explains the concept of noted items and their role in financial accounting.
SAP Help Portal - Noted Items : Provides detailed guidance on the characteristics and usage of noted items in SAP S/4HANA.
Double-Entry Accounting in SAP S/4HANA : Highlights how noted items differ from standard postings in terms of balancing and financial impact.
General Ledger Entry View : Describes how noted items are recorded in the Entry View but do not affect financial balances.
