Withholding Tax: Withholding Tax is a tax that is deducted at the source of income before the recipient receives the payment. It is a legal requirement imposed by governments to ensure that taxes are collected efficiently and timely. The payer of the income withholds or deducts the tax amount and deposits it with the government […]
In this blog, we will create a custom-defined function in the validation rule on asset creation or modification done through the Fiori app – ‘Manage Fixed Assets’. The rule will validate against the supplier assigned to the asset master record.
In this blog post I would like to share some insights on transfer of PCA postings to Central Finance and challenges encountered and solutions from project experience. In SAP classic GL’s systems PCA has been an important and integral part of Finance module. Profit Center level reporting is drawn out of PCA module. Hence, having […]
Introduction SAP offers a powerful solution for electronic bank statement processing. This solution includes three main components: In this blog post, I’ll focus on the use of BADI FIEB_CHANGE_BS_DATA. This BADI is triggered during interpretation of bank statement. It is called both – during upload and initial processing of bank statement as well as during […]
Introduction Functional consultant or a business key user can effortlessly generate supplier and customer aging reports using the Custom Analytical Queries App for the scenarios outlined below. Scenario – Accounts Payable Aging: Your client requires a supplier aging report that displays the aging at different levels: Supplier level, Reconciliation G/L level, Supplier Region level, and […]
SAP Flexible Real Estate management (RE-FX) has provided so many out of the box functionalities which continue to facilitate Real Estate companies to automate their business processes, provide real-time reporting of Real Estate portfolio and integrate posting from RE-FX to accounting (FI/CO). Linearization of operating leasing income over the entire duration of the lease out […]
It integrates with other areas within SAP S/4HANA such as In- House Bank, In-House Cash, Cash Management, Bank Communication Management, Bank Account Management and General Ledger.
With the latest major release 3.0 of SAP S/4HANA Cloud for advanced financial closing (AFC) on January 19th, 2023, the new feature System for Cross-domain Identity Management (SCIM V2) was introduced. Background of this feature In previous releases of SAP S/4HANA Cloud for advanced financial closing (AFC), it was only possible to introduce users and […]
Introduction Direct debit is a financial transaction, where the company sends the instruction to the bank to collect the payment directly from the debtor’s bank account. Properly implemented direct debit simplifies the debt collection for the company. This process is well described / documented. But as a rule, the documentation covers the regular process i.e., […]
It’s time to present the next Remote Function Adapters (RFA) delivered by SAP Profitability and Performance Management (PaPM), namely the RFA Finance Accounts Payable (RFA FI-AP) and RFA Finance Accounts Receivable (RFA FI-AR). These RFAs, along with other functions provided by PaPM, such as allocations, calculations, joins, can facilitate various business processes of calculating values […]
