The increasing importance of sustainability reporting is a major trend in the business world, and regulations like IFRS S2 (International Financial Reporting Standard S2) on climate-related disclosures are a key driving force. Navigating the complex and evolving regulatory landscape and identifying the right tools and processes can be a challenging task for organizations, highlighting the […]
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 […]
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 […]
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 […]
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 […]
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: 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 […]
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 […]
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 […]
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 […]
