Knowledgable Content for Beginners and Consultants.
What is the Dunning Procedure? Dunning Procedure is a systematic process that businesses use to remind customers of overdue payments through a series of escalating notifications such as, reminder letters, emails, or calls. On many occasions, a customer may fail to pay an invoice on time for various reasons. Hence, Read more…
The brownfield implementation approach of converting the existing SAP ERP to S/4 HANA requires setting up Customer-Vendor Integration (CVI) by reviewing the existing number range assignments and performing a large number of data validation and synchronization checks. The CVI cockpit is a user-friendly tool to make the end-to-end Business Partner Read more…
What is SAP MRP? SAP MRP (Material requirements planning) is a planning tool to help production and procurement planners create feasible and realistic plans so they can quickly initiate procurement or production processes. Planners need material planning tools to accurately plan materials for timely availability across the entire logistics and Read more…
How is SAP Career for Freshers? SAP Career for Freshers seems challenging initially. If you’ve recently completed SAP training, specifically in SAP finance, and you find yourself applying for various jobs without success. Or perhaps you’re getting interview calls but not making it past the first round. So how to Read more…
SAP S/4 HANA covers the business processes like Procure-to-Pay, Order-to-Cash and record-to-report. To understand the functioning of tax on sale purchase in SAP we need to know all tax-relevant steps within the end-to-end scenarios. Additionally, we should know the business processes behind them and then need to integrate their requirements Read more…
SAP New GL Activation and Migration From Classic GL During a new installation, the New G/L accounting in the standard system is set to active. While the use of classic General Ledger is theoretically also possible for new customers. As SAP advises, we should do SAP New GL activation in Read more…
SAP Order-To-Cash The SAP order to cash process is used for processing the business’s sales orders for goods and services. It manages the company’s receivables and accumulates the relevant payments from its customers. This is the opposite of the Purchase-to-Pay Process. Components of SAP Order to Cash We have various Read more…
What is Dunning in SAP? Reminding a business partner to pay (payment reminder) is called dunning in SAP. You can configure the dunning program to dun customers and vendors (if there is a debit balance resulting from a credit memo). Parameters for Dunning in SAP Maintaining dunning parameters that identify Read more…
A Comprehensive List of SAP Asset Accounting Interview Questions These SAP Asset Accounting interview questions would help you to successfully go through your SAP FICO Interviews having questions based on SAP Asset Accounting. Here are the important ones for you. Conceptual SAP Asset Accounting Interview Questions What are the organizational Read more…
Simplifications in SAP with ACDOCA With the introduction of the Universal Journal or ACDOCA table, below are some simplifications in SAP Finance & Controlling Business Processes. Minimized Reconciliations Universal Journal minimizes the reconciliation work between the different ledgers. The process steps in period-close that performed the settlement between the application Read more…