Chart of Accounts in SAP – Introduction The chart of accounts in SAP is a group of GL Accounts that controls the name of the General GL Master, the number of GL Master and some control information. In other words, Read more…
SAP S4 HANA Controlling has got many new features in the new S4HANA versions. With Universal Journal and ACDOCA, Controlling has got much-improved functionality. Not only this, Controlling has become more integrated and user-friendly in SAP S4 HANA Finance. What Read more…
MDM system in SAP supports you to replicate transactional data into Central Finance. A good master’s in data management is the backbone of transition. The practice of creating, synchronizing and updating master data across multiple systems is not easy. And Read more…
What is SAP Asset Accounting? – An Overview Asset Accounting in SAP FICO can manage all your fixed assets, irrespective of your industry and country. We usually call it a subsidiary ledger of FI. (Article Updated: 29th May 2021) In Read more…
Role of Payment Terms in SAP The terms of payment in SAP represent the specification of the payment conditions. This includes the number of days by which you need to make the payment or whether there is a discount for Read more…
The automatic Payment Program or APP process in SAP FICO enables you to clear open items between customers and vendors. It further makes inter-company payments, processes both domestic and foreign payments and block payments, etc. You can use the SAP Read more…
Closing activities in SAP FICO involve all the month-end and year-end activities for finance and controlling modules. Such as carrying forward the closing balance of ledgers, receivables and payables. Further includes the execution of depreciation run for fixed assets and Read more…
Bank Accounting in SAP (FI-BL) – Introduction Bank Accounting in SAP is a sub-application within SAP Financial Accounting (FICO or S/4HANA Finance). It deals with managing accounting transactions with your banks. Further, it helps you to manage both incoming and Read more…
Due to the similar terminology and functionality, one of the top questions these days people search is SAP Central Finance vs S4 HANA Finance or what is the key difference between Central Finance and Simple Finance. To answer it in Read more…
What is SAP Product Costing? Product Costing in SAP is a core module that relies on the correct setup of master data in logistics modules to create cost estimates. These cost estimates help plan and analyze costs and their different Read more…