Knowledgable Content for Beginners and Consultants.
Material Ledger in SAP S4 HANA – Introduction Material Ledger in SAP S4 HANA is used for inventory valuation in multiple currencies and actual costing. In SAP, the word material denotes goods or services that we use for different transactions. These include purchasing, sales, production, warehouse and inventory management etc. Read more
What is Cost Center in SAP? Cost Center in SAP reflect the organizational structure of a company and displays the areas of responsibility. The cost center structure is very important because it defines the basis for other modules and overhead reporting. How to activate Cost Center Accounting in SAP Before Read more
What is Internal Order in SAP? Internal Order in SAP is used to represent projects in Controlling. If we compare with cost centers, we use Internal Orders temporarily. Internal Orders don’t reflect the organizational structure instead they represent for example research and development projects, exhibition events or SAP implementation projects. Read more
Vendor Master Data in SAP – Introduction The vendor master data in SAP contains records of all the data you need to manage your vendors. It includes the vendor’s personal and business details. While personal details include name, address, language and phone number. Likewise, business information includes tax information, bank Read more
COPA Process Flow in SAP FICO COPA Process Flow in SAP allows access to the Online Transaction Processing (OLTP) structures or the core SAP database tables. It also allows the creation of a structure that online Analytical Processing (OLAP) applications use later. This includes generating multidimensional, analytical and reporting components Read more
SAP ERP ECC Finance Vs R/3 Finance To see benefits in Finance in SAP ECC Vs R3, understand their built platform first. Finance SAP ERP Financial Accounting is built on the NetWeaver platform which is the foundation for service-oriented business solutions for deploying financial processes at a faster phase. Irrespective Read more
What is SAP Fiori? Launched in 2013, SAP Fiori is a collection of applications with a simple-to-use, yet enhanced user interface (UI) for an improved user experience. It is used in performing some of the common tasks and functions in SAP from multiple devices including desktops, smartphones and tablets. Coupled Read more
What is SAP Accounts Payable? SAP Accounts Payable is an integral part of both Financial Accounting and Materials management purchasing. This FI-AP application manages the vendors, their deliveries, the invoices, the payables and their payments. With Cash Management you can use Accounts Payable in SAP to plan and optimize the Read more
What is SAP? SAP stands for System, Applications, and Products in Data Processing. It is a German company that was founded in 1972 with its headquarters in Walldorf, Germany. Today it is the world’s top ERP Solution company, having over 4 million customers. Further, it is serving 180 countries across Read more
What are Tables in SAP FICO? Tables in SAP are a storage space in SAP Database that segments and stores data module-wise. Say, for example, we enter any data like Configuration Data, Master data, and Transaction data. Here SAP Tables in SAP FICO store them properly and in order in Read more