April 2014
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Configuring Account Groups in SAP Finance(FI)
When we are creating GL accounts we must specify account group. The chart of account contains different types of a count grouping or putting of same type and nature…
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Retained Earnings Account
At the end of fiscal year the balance in the profit & loss account must be transferred to balance sheet account. To automatically carry forward the balance by the…
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ERP Procurement Cycle
ERP Procurement goes through eight different steps, before an order cycle is complete. 1. Determination of Requirements The material requirements are identified by the user departments or material planning…
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Managing Purchase Organization
A purchasing organization is an organizational level that negotiates conditions of purchase with vendors for one or more plants. It is legally responsible for completing purchasing contracts. A purchasing…
