Knowledgable Content for Beginners and Consultants.
SAP End Users are responsible for operating day-to-day transactions after the SAP project Go Live. In the case of Finance, an SAP FICO End User does activities like posting an invoice, collections, Purchase orders, Goods receipts, etc. What does an SAP FICO End User does daily? Posting invoice into the Read more
What is Simultaneous Costing in Product Costing? Simultaneous Costing is again an important part of Product Costing in SAP. It comes in the process after the calculation of the standard cost. Once we have calculated the Standard Cost, we will proceed with the process of actual costs. Actual Cost debit/credit Read more
SAP FICO Consultant’s Duties – What do you know about it? An SAP FICO consultant works on an SAP implementation project. He configures SAP Financial and Management Accounting into the SAP ERP system of an organization and takes care of its functionalities. This is what you might already know in Read more
What is SAP FI (SAP Finance) Module? SAP FI, also known as SAP Finance is the functional module of SAP ERP Financials, which deals with Finance. While Controlling (CO) deals with the business’s cost control, which is the other part of SAP Accounting. Both in combination makes it a complete Read more
What is the Bill of Material in SAP? A Bill Of Material in SAP is a detailed list of components with their quantities that you require in SAP Controlling. You need these components to manufacture X units of a Product. Header & Components The products that are manufactured are called Read more
Why do you require to migrate the New Asset Accounting to S4 HANA? Migrating New Asset Accounting in S4 HANA is an important part of the Migration of the SAP database into the S/4 HANA system. In other words, you cannot migrate the SAP database into S4 HANA until you Read more
What Cost Elements in SAP? Cost Elements in the SAP system create a link between Finance posting with Cost Object like Cost Center, Order, Profitability Segment, etc. In this blog, we will learn how to create Cost Elements in SAP and differentiate between the various cost element types to use Read more
WIP in SAP in S/4HANA Finance WIP or Work in Progress for reporting and posting is a mapping exercise. The configurations of WIP in SAP S/4HANA for product cost by Period and Product cost by Order are similar. We will look at the configuration for product cost by period and Read more
Among various questions related to SAP S/4HANA, one frequently asked question is SAP Brownfield vs Greenfield implementation in S/4HANA. So here I am explaining this difference with this piece of the blog post. First of all, you should know that SAP SAP S4 HANA can be implemented in two ways. Read more
What is SAP Cash Management? Cash Management in SAP S/4HANA Finance takes care of the cash movements in business. It ensures on-time availability of funds for financial requirements and payment obligations and maintains accurate liquidity in the business. What is for you in this article? In this blog, we will Read more