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Email us: sap.learningside@gmail.com
How to Create Retained Earnings Account in SAP, using T code: OB53. Meaning: FAGLGVTR is the transaction code used at year-end to carry forward Profit & Loss (P&L) account balances into the Retained Earnings account. This process ensures that the…
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…
How to Carryforward the GL Account Balances to Next year in SAP S4 HANA. First check the GL Account Balance in the T code: FS10N. Carryforward the GL Account Balances to the Next year T code: FAGLGVTR Go to T…
How to Block a Business Partner (Vendor) in S4 Hana. In this blog, we’ll walk you through the steps of Go to T code: BP. Give Business partner number and press enter button. Business partner list will be displayed. Now…
Bank Charges Automatic Postings Configuration – OBXK. Explanation: By default, SAP does not allow posting of bank charges. To enable this functionality, you need to configure automatic postings for bank charges using transaction code OBXK. In this blog, we walk…
SAP FICO Online Test Part 2 SAP FICO Online Test Part 2– Participate by clicking on Start Quiz. Also participate in other tests: Sap96 – Additional Content Related concepts: SAP FICO Configuration topics:
SAP FICO Online Test Part 1 – Participate by click on Start Quiz. Also participate in other tests: Sap96 – Additional Content Related concepts: SAP FICO Configuration topics:
How to Maintain Currency Exchange in SAP S4 Hana. In this blog, we guide you through the step-by-step process of ‘Maintenance of Currency Exchange’ in SAP S Topics to be covered are: 1. Currency Translation Exchange Rate Type, T code:…
Down payment: Advance is termed as Down payment in SAP. Sometimes we need to pay Partial or full amount to vendor if requested for the goods to be delivered. Steps to follow for Down payment and Down payment request configuration:…
Electronic – BRS (Bank Reconciliation) Configuration in SAP, using T code: OT83. Understanding: “We make payments to vendors through our outgoing bank in SAP, which generates a DME (Data Medium Exchange) file. The bank then processes the payments to vendors…
How to Create a Main Bank GL Account in SAP, using T code: FS00. Go to T code: FS00. Click on Create icon and popup will come. Give G/L Account number, company code and click on continue. Type/Description Tab: Give…
How to Create the Incoming Bank GL in SAP, using T code: FS00. Click on Create icon and popup will come. Give G/L Account number, company code and click on continue. Type/Description Tab: Give the required data (Account group, Account…
How to Display SET using T code: GS03 in SAP. SET Meaning: In SAP, a “set” refers to a collection of objects, such as tables, fields, or data elements, that are grouped together for a specific purpose. Examples for, where…
How to Change SET in SAP using T code: GS02. SET Meaning: In SAP, a “set” refers to a collection of objects, such as tables, fields, or data elements, that are grouped together for a specific purpose. Examples for, where…
How to Create a Vendor Business Partner in S4 Hana, using T code: BP. In S4 Hana, Business Partner configuration is mandatory along with the vendor/customer account groups configuration. Now we are extending or adding the Business partner role to…
How to assign Cost element to Cost object in SAP, using T code: OKB9. Cost Element: It is an organizational element, which helps to carry or integrate the costs or revenues of CO with finance module. Cost Center: It is…
How to Create the Cost Center in SAP, using T code: KS01. Cost Center: It is an organizational unit within controlling area and it manages costs associated with a specific functional area, department, or activity for internal reporting purpose (As…
How to create a SET using T code: GS01 in SAP. SET Meaning: In SAP, a “set” refers to a collection of objects, such as tables, fields, or data elements, that are grouped together for a specific purpose. Examples for,…
In this blog, we’re sharing a few sample accounting entries. If you find them valuable, you can access the complete set by purchasing the PDF at a very reasonable price. Accounts Payable PK GL Account Dr/Cr Amount 40 Rent Expense…