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Email us: sap.learningside@gmail.com
Meaning: Alternative reconciliation is distinct from regular vendor/customer reconciliation, as it’s not linked to master records, instead paired with reconciliation GL accounts for unique transactions. Alternative Reconciliation Account in SAP. Example: Let say, when a vendor offers more than 1…
What are Legacy Systems, Interface and Middleware in SAP. In this section I would like to explain how data will get transferred from legacy to S4 Hana with the help of middleware and interface also explained in diagram. Afterwards you…
Doubts on SAP FICO Is SAP FICO still a good career – 2023 Yes – It is one of the best top 3 modules in SAP, No doubt for minimum 15 years (because of the S4 Hana version introduced in…
Types of Master data in SAP FICO In SAP there are multiple Master data records available. From the SAP Finance module, we have 1. GL Master (T code: FS00) 2. Vendor Master (T code: FK01/BP) 3. Customer Master (T code:…
Asset Accounting main T codes in SAP. Other SAP Finance T codes: Other content you may like: SAP FICO Configuration topics:
Scenario: Configuration steps for Vendor is also a customer/Vice-versa in SAP. Process: 1. Change the Vendor master T code: FK02 or BP. Go to T code: FK02. Give vendor number, Company code, select General data – Control, Company code –…
Online Test or Quiz on SAP FICO Tables – Participate by click on Start Quiz. Read SAP FICO Tables: Click here Also participate in other tests: Sap96 – Additional Content Related concepts: SAP FICO Configuration topics:
Order to Cash (O2C) Cycle in SAP with Movement types Order to Cash Cycle Sales Order Creation: VA01 It is an official document stating that we are committed to deliver the goods/services and will receive amount for the same. Delivered…
SAP Accounts Payable T codes SAP Accounts Payable T codes Other SAP Finance T codes: Other content you may like: SAP FICO Configuration topics:
Sap FICO Enterprise structure Tcodes S. NO Name/Description T code 1 Company OX15 2 Company code OX02 3 Business area OX03 4 Functional area FM_FUNCTION 5 Assign company code to company OX16 6 Creation of plant OX10 7 Fiscal year…
Online Test on SAP FICO T codes Part 1. Online Test on SAP FICO T codes Part 1 – Participate by click on Start Quiz. Read SAP FICO T codes: Click here Also participate in other tests: Sap96 – Additional…
Procure to Pay (P2P) Cycle in SAP with Movement types: P2P Cycle and Movement Types Procure To Pay Cycle Purchase Requisition: ME51N It is a request that is made to Purch org to buy a certain list of materials. Purchase…
How to Create Credit Control Area in SAP ECC. Credit control Area: It is an organizational unit for specifying and controlling customer credit limits. If we are trying to post a transaction with more than the specified amount in the…
period end activities 1. Clearing open items: Generally, every month end business needs to clear vendor/customer open items either manually or through the Automatic payment program. 2. Depreciation run: Depreciation is calculated periodically when the user acquires/purchases an asset. This…
SAP FICO Tables SAP FICO Tables. In SAP, Tables are used to retrive the data which were stored in database (Tabular format). In ECC version(old Sap version), data was stored/ search as rows in external database. But in S4 Hana,…
SAP basic understanding. Users should know the following basic things in Sap. 1. /N –> It will take to Sap Easy Access(Home) Or If user in a Tcode (assume – FB60) and she/he want to go another T code by…
There are 3 types of data available in SAP. Check following with explanation. 1. Configurational data: 2. Master data: 3. Transactional data: Note: when creating/changing Master data and transactional data Sap system does not ask customization requests to save data.…
Balance sheet Overview. As per companies act 2013 Balance sheet should be vertical. Previously Balance sheet maintained as horizontal. Balance sheet as on 31-March other Content you may like in SAP: SAP FICO Configuration topics:
Gap in SAP (RICEFW) Sometimes the business process does not fit it into SAP always. To fill this gap, development needs to be done with the help of RICEFW. R – Report When specific reports are required that cannot be…
Year end activities in SAP Finance Every business needs to do some cut over activities yearly. Check following. 1. T code – OB52 Open posting period variants. 2. T code – OBH2 Transport number range Intervals or you can create…