Vendor/Customer Balances Netting off Process in SAP

  It is not an uncommon practice that organizations deal with some Business Partners in both sales and purchase transactions, and therefore, those Business Partners become both Customers and Vendors respectively, in the books of those organizations. Consequently, at any point in time such entities may be having both Debits (Representing sales transactions) and credits […]

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SAP Foreign Currency Valuation Process

  It is common practice for organizations to conduct transactions in currencies different from their local/company code currency. This is what is referred to as Foreign Currency Transaction. Where open items denominated in foreign currency exist at a key date (meaning weekly, monthly or yearly closing date), then they have to be evaluated to determine […]

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