Reversing asset and depreciation documents in closed periods

  Assume for a particular fixed asset, that you have made asset and depreciation postings over more than one reporting year. Assume also that at least one of those periods has been closed for postings, including in the asset module. For a valid reason, you have a requirement to reverse transactions posted on this asset. […]

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SAP Logistics Invoice Verification Process: the Goods Receipt/Invoice Receipt (GR/IR) Account Maintenance

  The three way matching of invoice, good receipt and the purchase order is what is referred to as the logistic invoice verification (LIV) process. The process matches the supplier invoice received with the Goods Receipt in terms of quantity, and with the Purchase Order in terms of prices.   The LIV process may lead […]

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The convergence of Transactional Processing and Analytics: How SAP S/4HANA Finance Transforms the Financial Reporting and Analytics Landscape

  The digital economy has changed the game rule for Finance Departments and CFO’s of today’s organizations. Information is now required on real-time basis and has to be provided real-time, because management has to keep pace with the constantly changing business environment. The digital world has made it easy for customers to be aware of […]

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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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Other Special G/L Transactions- Guarantees, payment requests, and creation of own Special G/L Transactions

  Apart from the down payment and the down payment request discussed in the last blog post, other special G/L Transactions exist. In this week’s post, as promised, we will discuss the part 2 of our series on SAP Special G/L Transactions. We will discuss:   a) Guarantees and payment requests b) Creation of own […]

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Configuration of SAP Special G/L Transactions

  Special G/L transactions are special transactions in accounts receivable and accounts payable that are recorded in the General Ledger in alternative reconciliation accounts instead of the normal Vendor/Customer reconciliation accounts. We usually make use of Special G/L Transactions to take care of business process requirements of down payments, retentions, guarantees etc. In this post […]

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Automatic Payment Process- Setting up Bank Determination for payment Transactions

  The payment method configuration, and for that matter the SAP Automatic Payment configuration cannot be said to be completed until you are able to pay with the payment method you configured. You cannot pay with a payment method unless you assign it to a House Bank and a House Bank Account. As a continuation […]

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SAP Automatic Payment Program- Configuring the Payment methods in Company Code

  Just as you cannot use a payment method in a country without the “payment method in country” settings, you cannot also use a payment method in your company code without the “payment methods in company code” settings in place. In this post we will discuss the “payment methods in company code” settings as a […]

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SAP Automatic Payment Program- Configuring the Payment methods in Country

A payment method is a means used in SAP to make payments to Vendors or in some cases Customers, for liabilities owed to them. It is represented in the system by a one character alpha-numeric key. Payment method configuration will be discussed in three series. In this post we will discuss the steps involved in […]

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