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…
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…
SAP FI MM Integration – Know the Basics First FI MM integration in SAP is an example of how different modules of SAP ERP systems are integrated. With the integration, SAP ensures that data from one module flows to another module automatically. How FI and MM are inter-related in SAP? Read more…
What is a Document Type in SAP FICO? The document type is a factor with which we can classify accounting documents in SAP. It is entered in the document header that distinguishes business transactions and helps in managing document storage. We define the Document Type at the client level, which Read more…
Chart of Accounts in SAP – Introduction The chart of accounts in SAP is a group of GL Accounts that controls the name of the General GL Master, the number of GL Master and some control information. In other words, the grouping of G/L accounts forms the framework for recording Read more…
What is SAP Asset Accounting? – An Overview Asset Accounting in SAP FICO can manage all your fixed assets, irrespective of your industry and country. We usually call it a subsidiary ledger of FI. (Article Updated: 29th May 2021) In addition, SAP has designed Asset accounting to manage the entire Read more…
Role of Payment Terms in SAP The terms of payment in SAP represent the specification of the payment conditions. This includes the number of days by which you need to make the payment or whether there is a discount for early payment. System Settings to configure Business Transactions In order Read more…
What is New Asset Accounting in SAP S/4HANA? New Asset Accounting is SAP’s latest version of Asset Accounting. SAP introduced this module in ERP 6.0 enhancement pack 7. It has since been fully optimized for SAP S/4 HANA with more added features. Prerequisite for New Asset Accounting We need Enterprise Read more…
Why you should choose a career in SAP and what are its major benefits? Lets us learn in detail. SAP is known as a trending skill today. This profession carries lots of career opportunities and worldwide acceptance. Hence, it is the most demanding ERP software. Therefore, most ERP-led industries and Read more…