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Email us: sap.learningside@gmail.com
How to Change the Profit Center in SAP S4 HANA, using T code: KE52. Profit Center: A Profit Center is an organizational unit within a Controlling Area that manages costs and revenues. This allows for decentralized responsibility and profitability analysis,…
How to Create the Profit Center in SAP S4 HANA, using T code: KE51. Profit Center: A Profit Center is an organizational unit within a Controlling Area that manages costs and revenues. This allows for decentralized responsibility and profitability analysis,…
How to create Holiday Calendar in SAP, using T code: SCAL. Holiday calendar: Maintaining a holiday calendar informs the SAP system about public holidays, enabling it to exclude these days from processing and scheduling batch jobs and automated processes when…
How to create Factory Calendar in SAP, using T code: SCAL. Factory calendar: The purpose of maintaining a factory calendar is to inform the SAP system about the organization’s working days, non-working days, and public holidays. This information enables SAP…
Foreign currency valuation – Realized Loss in SAP S4 HANA. Understanding: While clearing the customer/vendor open items, the entire exchange rate difference is posted as a realized gain or loss. This occurs when the transaction is settled, and the exchange…
Foreign currency valuation – Realized Gain in SAP S4 HANA. Understanding: It is part of foreign currency valuation. While clearing the customer/vendor open items, the exchange rate difference will be posted as a realized gain or loss. This occurs when…
Foreign Currency Valuation – Unrealized Gain in SAP S4 HANA. Understanding: Foreign Currency Valuation is part of period end activity. Here business transactions may include foreign transactions, to ensure accurate financial reporting, we just need to valuate those and capture…
Foreign Currency Valuation – Unrealized Loss in SAP S4 HANA. Understanding: Foreign Currency Valuation is part of period end activity. Here business transactions may include foreign transactions, to ensure accurate financial reporting, we just need to valuate those and capture…
Automatic postings for foreign currency valuation in SAP S4 HANA, using T code: OBA1. Automatic postings for foreign currency valuation in SAP S4 HANA, using T code: OBA1. SPRO Path -> SAP Reference IMG -> Financial Accounting -> General Ledger…
How to Maintain Tax code in GL Account in SAP S4 HANA. Go to T code: FS00. We can assign Tax code to any GL Account. In this blog we are maintaining the Output Tax code: P1 in Other Expenses…
How to Assign GL Accounts to Tax Account Key in SAP S4 HANA, using T code: OB40. Understanding: Account Keys automate GL account posting for tax-related transactions. In other words, When a transaction triggers a tax code, the corresponding GL…
How to Create Tax Codes in SAP S4 HANA, using T code: FTXP. Tax Code: It is a 2-digit alphanumeric code that includes tax parameters such as tax percentages, input/output taxes, and other relevant tax attributes. It is created under…
How to Maintain Tax Procedure at Country Level in SAP S4 HANA, using T code: OBBG. Understanding: In SAP, we can define only one Tax procedure as per country at the client level. SAP’s Tax Procedures simplify tax processing, ensuring…
How to Create Tax Procedure in SAP S4 HANA, using T code: OBYZ. SPRO Path: Reference IMG -> Financial Accounting -> Financial Accounting Global Settings -> Tax on Sales/Purchases -> Basic Settings -> Check Calculation Procedure – Click on Execute.…
How to Create Tax Account Keys in SAP S4 HANA, using T code: OBCN. In this blog you can able to understand the creation of Account Keys and we are creating… Account Key Description SOG Output Tax – State GST…
How to Create Tax Condition Types in SAP S4 HANA, using T code: OBYZ. What are Output and Input taxes. In this blog you can able to understand the creation of Tax Condition Types and we are creating… Condition Type…
How to Create Tax Access Sequence Keys in SAP S4 HANA, using the T code: OBYZ. What are Output and Input taxes. SPRO Path: Reference IMG -> Financial Accounting -> Financial Accounting Global Settings -> Tax on Sales/Purchases -> Basic…
Company code is Productive: The “Company code is Productive” status prevents accidental deletion of sensitive financial data, like General Ledger accounts, Customer master records, Vendor master records and transactional data. By activating this feature, organizations ensure data security, safeguarding against…
How to Carryforward Customer Account Balances to next year in SAP S4 HANA, using T code: F.07 First check the Customer account balance in the T code: FD10N. How to Carryforward Customer Account Balances to next year in SAP S4…
How to Carryforward Vendor Account Balances to next year in SAP S4 HANA, using T code: F.07. First check the Vendor account balance in the T code: FK10N. How to Carryforward Vendor Account Balances to next year in SAP S4…