Knowledgable Content for Beginners and Consultants.
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
SAP Profit Center – Introduction SAP Profit Center is a management-oriented organizational unit used for internal controlling purposes. Segmenting a company into profit centers, allows us to analyze responsibility and delegate responsibility to decentralized units. Likewise, it lets you set up our profit centers according to product (product lines, divisions) Read more
Introduction to SAP Controlling – (SAP CO) SAP Controlling is one of the Functional Modules of SAP that deals with the cost calculation, cost analysis, cost planning and overhead management of the business. As you must know there are two types of reporting in any business i.e. External Reporting and Read more
What is ASAP Methodology? ASAP stands for Accelerated SAP Methodology. This methodology was designed by SAP for SAP project implementation in the most efficient manner to reduce time & reduce cost. We can say by using this methodology we can optimize the time, resources, quality and more. Phases in ASAP Read more
SAP FICO Scenarios – For Interviews and On-job Work SAP FICO scenarios are very commonly looked for by SAP aspirants. Some may need them to solve their on-job issues, while some need for preparing well for interviews. Here are some case studies that help in SAP FICO interviews and real-time Read more
SAP FICO TCodes – What do they do? SAP FICO Tcodes help in the fast execution of programs in the Financial Accounting application of the SAP system. By using these Tcodes, you can easily avoid multiple steps of work which would otherwise be done by navigating through the menu system, Read more
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 the cost of the project. When do we need to 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 we do in Preliminary Costing? In preliminary costing, we evaluate Read more