Activate New General Ledger Accounting in SAP The activation of new general ledger (G/L) accounting in the SAP ERP SAP system enables the activation of new general ledger accounting functionality in SAP system. New General Ledger Accounting in SAP – Scenarios When you activate the new G/L accounting, it replaces financial accounting with Financial Accounting(New). If you are already using
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The following tutorial guides you how to define or create a company in SAP step by step with screenshots. Let us discuss briefly Define Company in SAP About Company in SAP:- Company is the organizational unit for which individual financial statements can be drawn according to the relevant commercial law. A company can consist one or more company codes. A
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What are Open and Close Posting periods in SAP? The posting periods can be maintained as per account type and the year which is to be open & which is to closed. The Posting Period Variant is used to control which accounting period is to be open for posting and ensuring that closed periods are remain balanced and reconciled. Important Points
Read more →How to Investment Program Types to Operative objects in SAP The following SAP Training tutorials guide you on how to “assign investment program types to operative objects” in SAP step by step. After the creation of investment program types next step is the assignment of operative objectives. It is mandatory for the user to has to determine what type of
Read more →Define Currencies of Leading Ledger in SAP FI Leading ledgers are the primary ledgers that are used to post the transactions of the organization as primarily. In the SAP system, for leading ledgers, you can maintain additionally up to two currencies. Leading ledgers will obtain the settings of currency based on the company code. Transaction code to define currencies
Read more →How to Practice and Learn SAP FICO module In this SAP online tutorials, we are going to discuss on how to practice SAP FICO (Financial Accounting & Controlling) module and gain the perfect knowledge. Learning SAP is not a difficult, but learning and practicing SAP with a system manner allows you to gain a perfect knowledge and helps you to
Read more →What is segments in SAP The segment is an account assignment used to define the financial status and performance of an organization as per business lines and geographical areas. Segments in SAP – Important Points You can generate balance sheets statements as per segment lines We are going to create the following segments in SAP Systems ADAI Industrial ADAM Manufacturing
Read more →What is Credit Control Area in SAP The credit-control area in SAP is an organizational unit that specifies and checks a credit limit for customers. The credit-control area can include one or more company codes in SAP. Credit Control Area – Important points The credit-control area enables the monitoring of the credit for customers. You can define one or more
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In SAP, assignment of company code to a credit control area is an important configuration step, as it ensures that the credit management is applicable for all the assigned company code, and for managing the better credit risk management and smooth business process. Importance of Assigning company code to credit control area in SAP By assigning the company code to
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What is Functional Area in SAP The functional Area in SAP is an organizational unit in accounting that classifies the expenses of an organization by functions such as Sales, Marketing, Production, etc. Functional Area in SAP- Important Points The Functional area in SAP is used to create P&L A/C in Financial Accounting using the cost of sales accounting and used
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