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 S/4HANA Finance
Workflow to Verify General Journal Entries per Level by Amount
One of the most common requirements is the segregation of responsibilities in the Finance department: who can Post Journal Entries (JE)? Who can Submit JE? Who can Verify to accept or reject the JE? SAP S/4HANA Cloud provides you a standard solution to configure flexible workflows in the Verification Journal Entries process, where you can […]
Test Your Custom Bank Statement Definitions in Map Format Data
With the release of SAP S/4HANA Cloud 2302 users of Map Format Data can use a new application called Test Incoming Format Mappings. With this tool, it’s easier to define a Format Mapping in Incoming direction, for example, custom specifications of MT940, CAMT.053/4, MT300, MT320, etc. You can now continuously check while defining whether the […]
Straight Line Revenue Recognition-IFRS 16 Using Valuation Approach
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 […]
SAP S/4HANA Cloud for advanced financial closing: SCIM V2
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 […]
Migrate / Customer Opening Balances Upload in Rise with SAP Cloud 2208
Introduction: This blog will guide you with the steps required for migrating “Customer Opening Balances” into the SAP S/4HANA Cloud 2208. The SAP S/4HANA Cloud migration cockpit is a tool designed for customers who have just installed SAP S/4HANA Cloud (new implementation scenarios) and want to transfer their business data from SAP or non-SAP software […]
Fixed Asset migration from ECC to S/4 HANA at end of the year or during the year – Key aspects
There are many migrations to S/4 HANA happening around the globe. Business have a variety of requirements in order to meet their reporting needs. They would not like to lose any important piece of information so that their business processes can run smoothly in S/4 HANA. I had been involved now in few of these […]
Lease accounting (IFRS16) with RE-FX
In this blog I will try to explain the basic a settings of Lease accounting with RE-FX in SAP. Introduction: A lease is a contract between two parties for the temporary use of an asset in return for payment. Leases can involve all kinds of assets, from property, such as office buildings, to equipment, such […]
Margin Analysis 4 Sell from stock in S/4HANA
This blog, in which we will show you how the S/4HANA accounting and controlling innovations influence the sell from stock business process. Central functionality is the universal Journal integrated margin analysis. The screenshots are taken out of a CE 2208 system, but the scenario is valid for OP 2022 too. In this business scenario an […]
Instant Payments in Brazil (PIX) in SAP S/4HANA Cloud
Instant payments represent a new arrangement within the Brazilian financial system that allows 24/7 transactions in real-time between different institutions without the need for intermediaries such as card schemes, acquirers, or issuers. This blog post helps you understand the individual functionalities and solutions regarding Brazilian Instant Payments in SAP S/4 HANA Cloud. This blog is […]