Knowledgable Content for Beginners and Consultants.
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…
What is SAP R2R? SAP R2R (Record-to-report) is a financial and accounting management process which ensures that all business transactions are recorded completely and accurately within an accounting system and its sub-ledgers. It includes sales, purchases, payments etc. Subsequently, all these transactions are ultimately collected and recorded in the general Read more…
SAP General Ledger Period-End Closing The financial closing cycle in SAP General Ledger is the most important period for FI. In this blog, I will explain the financial month-end and Year End closing Processes. It also includes the opening and closing periods, balance carryforward, sub-ledger reconciliation, foreign currency valuation and Read more…
SAP Cost Object Controlling in Make-to-Stock Production In make-to-stock production, you can use SAP Cost Object Controlling for Product Cost by Oder and by Period. Lets us understand this. Product Cost by Order You can manage your costs at the level of production orders and process orders. You can analyze Read more…
A company may adopt many business processes to run its various operations. These differ as per different departments. Likewise, we have many business processes in SAP FICO. That I have explained this below in this blog article. Order to Cash Business Process in SAP The order-to-cash process in Accounts Receivable Read more…