Finance (FI)
FICO Configuration
SAP FICO Configuration Manual (Download Here) on Financial Accounting, Asset Accounting, Controlling and Profit Center…
Taxes
SAP allows the consideration of following taxes: Tax on sales and purchases US sales tax…
Discount and Payment Terms
Terms of payment are conditions agreed between business partners for the payment of invoices. The…
Configure The Automatic Payment Program
Steps for configuring the automatic payment program: First, Set up the following: Co. code for…
Account Group and Field Status Group in SAP Customizing
An Account group controls the data that needs to be entered at the time of…
Document Change Rule and Change Control
What is the Document Change Rule? The functionality Document Change Rules configured in the system…
Posting Periods in SAP Finance
Postings in SAP are controlled by the ‘opening’ or ‘closing’ of posting periods. Normally, the…
Difference between Cost Element, Cost Center & Profit Center
Cost Element A component of Controlling (CO) that collects and summarizes postings that arise within…