This Tutorial guides you on how to create customer account groups in SAP FI. Let configure the below customer account groups Group Name A001 Domestic Customers A002 Export Customers A003 One time Customers Steps to create a customer account group:- IMG Menu Path:- IMG > Finance Accounting –> Accounts Receivable and Accounts Payable –> Customer Accounts –> Master Data –> Preparation for
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Create Vendor Account Groups in SAP The following SAP Tutorial guides you on how to create vendor account groups in SAP FI. Let configure the following vendor account groups in the SAP system Group Name A001 Domestic Vendors A002 Import Vendors A003 One Time Vendors Steps to create vendor account groups:- Refer below step by step procedure to create vendor account groups
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Define Retained Earnings Account in SAP This tutorial guides you on how to define retained earnings accounts in SAP FI. Retained Earning Account:– Account balances are carried forwarded from one fiscal year to the next fiscal year by using the SAP standard carry the forward program. Retained earnings account is assigned to each P&L account by specifying a P&L statement
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G/L Account Group in SAP This Tutorial guides you on how to Create an account group in SAP FICO step by step with screenshots. You can create new accounts group as per customer requirements. Define Account Group:– Chart of accounts contains different types of accounts. To manage and control a large number of G/L accounts better in SAP, they are
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The Authorization is given to the employees for the maximum amount permitted per transaction in SAP. The tolerance group for Employees determines the maximum document amount the employees are authorized to post. The maximum amount can enter as a line item in a Vendor account or customer account. A tolerance group is created and assigned to the employees. Steps to
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Document Number Ranges in SAP Document number ranges are defined at the specific interval within which documents should be created in SAP. Document number ranges depend upon company code and are valid for the defined year. We can assign one or more document types to each number range. The number range becomes effective by the document type specified in document
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Define Posting Keys in SAP Posting Keys:– Posting key in SAP is a two digits numerical key that determines the type of transaction entered in a line item. Posting Keys – Scenarios Standard SAP system delivers the standard posting keys, and you can use the standard posting and modify or change as per business organization requirements Posting keys in SAP
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Document Types in SAP SAP Tutorial guides you about document types and how to define Document types in SAP. Define Document types:- Document types are defined at the client level, so document types are applied to all company codes. The document type key is used to classify accounting documents and distinguish between business transactions to be posted. Standard SAP system
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This SAP Fico tutorial Guide you on how to Assign Posting Period Variant to Company Code In this activity, you assign the same Posting Variant Key to the company codes. Transaction Code for Assign Posting Period Variant to Company Code:– OBBP IMG Menu Path:- SPRO > Implementation Guide for R/3 Customizing (IMG) –> Finance Accounting –> Finance Accounting Global Settings –>
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SAP Fico Tutorials guide you on how to define field status variant and field status group in sap. Define Field Status Variant (FSV) in SAP Standard SAP system delivers the FSV, and you can copy the standard FSV and make the changes per organizational requirements. In the SAP system, field status will have 3 options, i.e., Suppressed, Required Entry, and
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