SAP S/4HANA Finance Articles with Conceptual and Technical & How-To Guides.
What is SAP Predicitve Accounting? SAP Predictive accounting is a projection of the cost and profitability of the incoming sales order. When there is a gap between sales order and actual sales invoice we need to estimate the cost and revenue of the particular sales order to get an advanced 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 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 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…
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…
What is SAP HANA Migration? SAP HANA Migration is the process where we need to migrate SAP ERP System from the ECC platform to the HANA platform which works on On-premise and cloud technology. In short, this process involves converting the SAP ECC database to HANA technology. What is covered Read more…
SAP S/4HANA Finance 2020 Release SAP Launched S/4HANA 2020, as the latest version, hence we get SAP S/4HANA Finance 2020. Launched in Oct 2020, it has brought better features that are useful not only for the consultants and companies but for the users too. It is focused on Digital-Age user Read more…
Asset Accounting in SAP – Role Asset accounting in SAP S/4HANA is the new way of accounting to manage and supervise fixed assets into the sap system. It helps in providing detailed information on transactions that involve fixed assets. It is a kind of subsidiary to the General Ledgers. We Read more…
S4 HANA Vs HANA – The Debate of Terms There is much confusion among SAP beginners about the difference between SAP S4 HANA and SAP HANA. If you too are part of this S4 HANA vs HANA disputation, then read on. This article tells you the exact difference between the Read more…
SAP Receivables Management – Definition SAP Receivables Management is a key part of an optimized order to cash process based on FI-AR. With the help of the automated process, Receivables Management delivers high-quality customer interaction reports. Examples of Reports Credit Checks for every business transaction Updating of customer credit limits Read more…