In SAP, things are continuously changing and becoming more compatible with real-time scenarios. One of the changes is parallel currency; their business can use multiple currencies for company codes. The parallel currency functionality can assist multi-national corporations in recording their financial transaction and producing financial reports in several currencies. Introduction The blog approaches the real-time […]
Introduction: The payment run process is an accounts payable process that is used to handle payments to vendors. The process is called an automatic payment program. The automatic Payment Program (F110) is used to clear the open invoices and post the payments against the invoices. F110 is the standard t-code or Manage Automatic Payment Application […]
Introduction: Companies having huge volume of customers may have invoices delayed for payment or due for a long period of time leading to doubtful receivables. As a part of month end process, an organization might require to post provisioning entries for such doubtful receivables. Main Problem: By using traditional transfer posting and provisions for doubtful […]
Fiscal Year Change We live in a dynamic world today that is ever changing. Companies are acquiring other businesses or are being acquired. All of these acquisitions present challenges for all companies involved. One key change that frequently occurs is when the parties involved have different fiscal years. This blog will discuss a change that […]
Introduction This blog post continues a series of Controlling related topics, which circle around showcasing new functionalities in SAP S/4HANA Cloud, comparing functionalities between SAP S/4HANA Cloud and SAP S/4HANA (on premise), as well as general topics to be considered from Management reporting/Controlling point of view when implement SAP S/4HANA. Focus of this blog posting […]
In this Blog post we will explain how to use a new migration app ( Migrate your data app ) using demo system S4hana 2020
Background In procurement process in large corporate generally raise a bulk (Monthly/Quarterly/Half yearly/Yearly) Purchase Order (PO) on Vendor/Business partner based on the business Sales plan. Delivery and Invoicing from the supplier can be in multiples. As a business process, payments are processed against a Purchase Order rather on individual deliveries. When a customer is invoiced […]
Starting with brief over-view about the process of Lease accounting. Leased asset remains property of the lessor. They are special form of rented asset.This blog covers how Lessee can handle Leased asset in FI-AA. This configuration is from the point of view of Lessee. There are two type of leasing. Capital Lease Operating Lease Capital […]
Introduction In this blog post, I will try to cover the list of migration activities that need to be carried out. This migration activity guideline is for finance consultants who are tasked to migrate old accrual engine to the new accrual engine. Following is an example of the configuration of the cockpit and the execution […]
Introduction: In this document, I would like to explain the different scenarios in the procurement process. The procurement process starts from purchase requisition and ends with payment to the vendor. Hence this process is popular with the word ‘P2P’ Process. It deals with procuring materials, services, different contracts associated with procurement. I have explained few […]
