What is SAP New GL Migration? SAP New GL Migration is the migration of data from the classic General Ledger Accounting to New General Ledger Accounting in SAP FICO. It helps to integrate Managerial Accounting and Financial Accounting while reducing Read more…
What is SAP Preliminary Costing? Preliminary Costing is the first step in cost object controlling, which involves preliminary costing for manufacturing orders. It allows you to determine the planned costs of a product cost collector or manufacturing order. What do Read more…
S4 HANA Vs HANA – The Debate of Terms There is much confusion among SAP beginners about the difference between SAP S4 HANA and SAP HANA. If you too are part of this S4 HANA vs HANA disputation, then read Read more…
SAP Central Payments – Centralized Approach to AR/AP Process SAP Central Payments is a centralized process of collection and payment from the Central Finance system. It is key to understand how to use the Central Finance methodology properly. The use Read more…
SAP Receivables Management – Definition SAP Receivables Management is a key part of an optimized order to cash process based on FI-AR. With the help of the automated process, Receivables Management delivers high-quality customer interaction reports. Examples of Reports Credit Read more…
It takes time to become an SAP S4 HANA Finance Consultant Becoming an SAP S4 HANA Finance consultant is not a cakewalk. Let’s be honest. It’s not just that you would hunt job sites, apply a few good ones, and Read more…
Central Finance in SAP First and foremost Central Finance is one of the deployment options in SAP S/4HANA. It curbs the needs of the new-age ERP-enabled enterprises and plays a transformative role. Why SAP Central Finance? Today multi-ERP system landscapes Read more…
SAP End Users are responsible for operating day-to-day transactions after the SAP project Go Live. In the case of Finance, an SAP FICO End User does activities like posting an invoice, collections, Purchase orders, Goods receipts, etc. What does an Read more…
SAP S/4HANA Finance Architecture within SAP HANA SAP S/4HANA Finance Architecture represents a streamlined data model of lightweight structure and compact build-up. It is an Ideal Architecture with aggregating line items that provides compatibility views and a single source of Read more…
What is Simultaneous Costing in Product Costing? Simultaneous Costing is again an important part of Product Costing in SAP. It comes in the process after the calculation of the standard cost. Once we have calculated the Standard Cost, we will Read more…