Finance (FI)
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Understanding Cash Journal Process in SAP
A cash journal for a company code includes the following data: The 4 digit cash journal identification and name The G/L accounts to which you want to post the…
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Everything you must know on Asset Accounting
Asset Accounting is a subsidiary ledger of Financial Accounting. The appropriate General Ledger accounts are updated each time you post. The asset class contains default values and control elements which…
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Accounts Payable…What, How and Where it’s Used
The Accounts Payable department is responsible for entering invoices received from vendors and then paying those vendors. In SAP Accounts Payable, there are two methods for entering invoices and…
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Overview of Profitability Analysis
PA module is the most important module when it comes to analyzing the results of the organization. In this module you basically collect the revenues from the sale order…
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Understanding Invoice Verification Process
The Invoice Verification component completes the material procurement process and allows credit memos to be processed. Invoice Verification includes entering invoices and credit memos that have been received, checking…
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Depreciation Run
The following steps are needed to maintain multiple shift depreciation: The variable depreciation portion as a percentage rate is to be maintained in the detail screen of the depreciation…
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Customer advance clearing
Transaction code: F-39 Open the customer advance clearing screen either by typing the T code F-39 mentioned above or through the drill down menu as shown below In this…
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Asset Purchase and Sales in Finance
Asset Purchase “F-90” Asset Sold “F-92” Enter (Follwing screen will appear)
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Posting of vendor Invoice
Transaction code: FB60 In this transaction vendor invoice is posted without reference to purchase order. Enter the following details as shown below: Vendor number Invoice date Posting date Amount…
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Posting and Clearing of vendor advance
Posting of Vendor Advance Transaction code: F-48 Open the vendor advance posting screen either by typing the T code and navigate above or through the drill down menu as…
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Change accounting document using FB02
Transaction code: FB02 Open the accounting document change screen either by typing the T code mentioned above or through the drill down menu as shown below Note: Only few…
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General Ledger Posting
General Ledger Posting in SAP Finance Transaction code: FB50 Open the general ledger posting screen either by typing the T code mentioned above or through the drill down menu…
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How to post an Invoice in foreign currency
The company code currency is defined in SAP as a local currency. If the GL account currency = CC currency, then the posting can be done in any currency.…
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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…
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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.…
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Assessment Cycles
Allocate the monthly utility expense to the manufacturing cost centers based on a predefined percentages according to use. Review Actual Line Item Report From the SAP Easy Access Screen:…
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Statistical Key Figure and Distribution Cycles
Statistical key figures are used allocate certain fixed departmental expenses. In the following steps you will record the number of square feet of certain divisions so the costs can…
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Post Invoice in the Cost Center
From the SAP Easy Access Screen: Accounting è Financial accounting è Accounts payable è Document entry è Invoice Enter the following information: Vendor:        Code for lease vendor Invoice Date:        Today Amount…
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Create Alternative Cost Center Group
From the SAP Easy Access Menu: Accounting è Controlling è Cost Center Accounting è Master Data è Cost Center group è Create Enter your company code when prompted to…
