GL Master Data – SAP General Ledger Accounts GL Master data in SAP control the posting & Processing of accounting transactions to G/L accounts. In order to post anything to General Ledger, GL Master data is mandatory. G/L Accounts General Ledger (G/L) accounts are the fundamental master data in FI. Read more…
What is SAP Management Accounting? SAP Management Accounting on S/4HANA follows the complete process of SAP CO and uses the advancement of S/4HANA technology. It is based on the HANA platform, which works on cloud technology. It also includes the migration of the financial process to HANA along with all 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…
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…
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…
It takes time to become an SAP S4 HANA Finance Consultant Becoming an SAP S4 HANA Finance consultant is not a cakewalk. Let’s be honest. It’s not just that you would hunt job sites, apply a few good ones, and shortly get a call. Instead, you need to follow a Read more…