Knowledgable Content for Beginners and Consultants.
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 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…
SAP New GL – Solution to Classic GL Shortcomings SAP New GL addresses the shortcoming of the traditional accounting systems in SAP ERP. It provides the required flexibility in accounting and reporting with enhancement packages including EHP 7 – ECC 6. The primary task of SAP General Ledger accounting is Read more…
What is Company Code in SAP? Company Code in SAP is the smallest Organizational unit of external accounting for which you can create a completely self-contained set of accounts for transaction posting, besides the statutory financial statements. You can also use a company code to represent a legally dependent operating Read more…
SAP FI SD Integration – Order to Cash Process Whenever we sell finished goods to the customer, the customer has to pay for them. In this process, we post the Sales Invoice document which is part of the Sales & Distribution module into the FI module. In SAP, we call Read more…