SAP Finance (FI) Overview Notes

SAP SAP Finance and Controlling go hand in hand and performs most of the traditional legal entity accounting functions, reporting by company, income statements and balance sheets. This is the module where you will find the Accounts Receivable and Accounts Payable sub-ledgers and their open items along with the Asset Accounting Ledger. Organizational Elements (Structures) […]

SAP ABAP List Viewer(ALV) Tutorials

SAP List Viewer previously called ABAP List viewer is the New Object Oriented API providing simplified programming, Error Robustness and has a Unified object model for all flavours(Grid, Tree etc.,). ALV Programs are very easy to write when you know few basic facts about them. There are many Functions modules provided by SAP to handle […]

SAP Material Management Module Basics

Materials Management is the module where (finished goods, raw materials and consumables) are managed for quantity, price, month end inventory cutoffs and balance. Materials Management is inventory management, purchasing, invoice verification, warehouse valuation, Material master and materials planning. Organizational Elements (Structures) – Procurement Company Code: Represents an independent accounting unit with Balance Sheets and P&L […]

1099 Configuration in SAP for US Implementations

1099 and 1042 Business Process and Reporting is only applicable to US implementations. 1099 withholding taxes: Reporting of 1099 taxes involves miscellaneous income paid to non-incorporated vendors or non-employees. Income is classified into one of eleven categories. With the majority of companies use category “07, Non-employee Compensation.” The majority of companies do not actually withhold […]

Create Sales Order Referencing an Inquiry

From SAP Easy Access: Logistics -> Sales and Distribution -> Sales -> Order -> Create Enter Order Type: OR Your sales organization Distribution channel: DI Your division Click the Create with reference button. On the Inquiry tab, enter the number of the inquiry you just created and click the Copy button. You should see the […]

Create an Inquiry for a sales order

From SAP Easy Access: Logistics -> Sales and Distribution -> Sales -> Inquiry -> Create Enter IN for Inquiry Type. Enter your sales organization, distribution channel DI and division. Click enter. Enter one of your customers for Sold-to-Party (leave Ship-to-Party blank). Enter text as a reference number for Purch. Order no. Enter today’s date for Valid from, […]

Shipping point Determination and Revenue Account Assignment Key Creation

Shipping Point Determination From IMG Screen: Logistics Execution è Shipping è Basic Shipping Functions è Shipping Point and Goods Receiving Point Determination è Assign Shipping Points Click the New Entries button. Enter 01 (Standard) for the Shipping Condition (SC). You can decide which Loading Group (LGrp) is most appropriate for your product. The example above […]

Creating Customer Discounts

In addition to fixed discounts, volume discounts are also often applied to products sold. In this example, the direct price from this sales organization is $1000.00. To have this price apply to orders under 50 units and a lower price for larger order, the system must be configured to reflect this new information. This configuration […]