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How to Create the House Bank in SAP, using T code: FI12. House Bank Means: A company deals with a bank for the purpose of making their business transactions. A single House Bank can have one or more Account ID’s…
FBZP – APP (APP stands for Automatic Payment Program) Configuration in SAP. Key Features: SPRO Path – Reference IMG -> Financial Accounting -> Accounting Receivable and Accounts Payable -> Business Transactions -> Outgoing Payment -> Automatic Outgoing Payments -> Payment…
How to Create Customer Account group in SAP ECC, using T code: OBD2. Meaning: Customer Master data’s of an organization are classified into different groups for easy management. In other words, Segregating or grouping the similar customers into a single…
How to Define No. Ranges for Customer Accounts in SAP ECC, using T code: XDN1. SPRO Path – SAP Reference IMG -> Financial Accounting -> Accounts Receivable and Account Payable -> Customer Accounts -> Master Data -> Preparation for Creating…
How to Reverse Vendor Invoice in SAP, using T code: FB08. Pre requisites: First, we should have a Vendor Invoice: FB60 (How to Post Vendor Invoice: Click here) Check open item in SAP T code: FBL1N. Reverse the Invoice document…
How to Create No. Ranges for Vendor Accounts in SAP ECC, using T code: XKN1. Explanation: In SAP, number ranges define the range of unique numbers assigned to vendor master records. Each vendor account group is linked to a specific…
How to Create the Outgoing Bank GL 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 the…
How to Create Vendor Account Group in SAP ECC, using T code: OBD3. Meaning: Vendor account groups in SAP are used to classify vendors based on the nature of the goods or services they provide. This classification helps control vendor…
How to do Document Splitting in SAP. In this blog, we guide you through the step-by-step process of the following two points: 1. How to Classify the GL accounts for Document splitting. Go to T code: SPRO. SPRO Path –…
How to Create GL Account group in SAP, using T code: OBD4. Meaning: A GL Account Group is a maximum of 4-digit alphanumeric key that categorizes similar GL accounts for easy management. The GL account groups will allow us to…
How to Create the Chart of Account in SAP, using T code: OB13. Meaning: A Chart of Accounts (COA) contains the list of General Ledger (G/L) accounts that are maintained with a structural form under account groups. The COA is…
How to Assign Posting period variant to company code in SAP, using T code: OBBP. Understanding: In SAP, transactions are posted within specific posting periods. This means that: This control ensures accurate financial reporting, prevents unauthorized changes to historical data, and…
How to Create field status variant in SAP, using T code: OBC4. In this blog, we guide step by step process of field status variant creation. Once created, we need to assign field status group in GL master record and…
How to Assign company code to field status variant in SAP, using T code: OBC5. By using Field Status Variants/groups you can customize the posting screen (Ex: FB60, FB70 etc..). In this blog, we guide step by step process of…
How to create Calendar fiscal year variant in SAP, using T code: OB29. Explanation: In SAP, a fiscal year variant is a configuration that allows companies to maintain their transactions within a specific year. It should starts from Jan-01 and…
How to Assign company code to Fiscal year variant in SAP, using T code: OB37. Explanation: In SAP, a fiscal year variant is a configuration that allows companies to maintain their transactions within a specific year. It typically consists of:…
How to Open and close posting periods in SAP, using T code: OB52. Understanding: In SAP, transactions are posted within specific posting periods. This means that: This control ensures accurate financial reporting, prevents unauthorized changes to historical data, and maintains…
How to Create Fiscal year variant in SAP, using T code: OB29. Explanation: In SAP, a fiscal year variant is a configuration that allows companies to maintain their transactions within a specific year. It typically consists of: Types of Fiscal…
How to Create Company in SAP, using T code: OX15. Meaning: In SAP, a company is also referred to as a trading partner. A company group enables the consolidation of financial statements from multiple Company codes. SPRO Path -> SAP…
How to Assign Company code to Company in SAP, using T code: OX16. Company/Trading partner: In SAP, a company is also referred to as a trading partner. A company group enables the consolidation of financial statements from multiple Company codes. Company…