Reasons For Archiving Financial Accounting Data

What is financial archiving? Where it is used? Why? Where is it configured in IMG?

There are both technical and legal reasons for archiving Financial Accounting data. 

Archiving: 
1) Reduces storage and runtime problems caused by the constant growth of transaction data.
2) Makes master data easier to manage and to keep up to date.
3) Enables data to be accessed at a later date.

You can archive data no longer required in the online system using certain standard functions.  This data is then stored in archive files and deleted from the online system.  For legal and commercial reasons, it is important that you are able to access archived data files online again, and the reloading function allows you to do this. 

Data must meet certain conditions before it can be archived. Some of these controls are already defined in the system, for instance the fact that you cannot archive documents that contain open items. Certain other controls are user-defined. 
Every archiving function can be accessed from archive management (SARA). 

To reach archive management, choose: 
Tools --> Administration --> Archiving or from the Accounting --> Financial Accounting --> General Ledger, Accounts 
Receivable, Accounts Payable or Banks menus --> Periodic processing  Archiving  <Archiving object> . 

When you access archive management from these menus, the archiving object is defaulted by the system in the field Object name. Otherwise you must enter the name of the archiving object manually. 

Tips by : *-- Dhaval

Get help for your SAP FI/CO problems
Do you have a SAP FI/CO Question?

SAP Books
SAP Certification, Interview Questions, Functional, Basis Administration and ABAP Programming Reference Books

SAP FICO Tips
SAP FI/CO Tips and Financial Accounting/Controlling Discussion Forum

Best regards,
SAP Basis, ABAP Programming and Other IMG Stuff
http://www.erpgreat.com

All the site contents are Copyright © www.erpgreat.com and the content authors. All rights reserved.
All product names are trademarks of their respective companies.  The site www.erpgreat.com is in no way affiliated with SAP AG. 
Every effort is made to ensure the content integrity.  Information used on this site is at your own risk. 
 The content on this site may not be reproduced or redistributed without the express written permission of 
www.erpgreat.com or the content authors.