In this SAP Tutorial, you will learn what is business area and how to create business areas in SAP ECC system & S4 Hana system using the IMG menu path or transaction code OX03. Let’s learn what is business area and why we need to implement in SAP: What is Business Area in SAP A business area is a separate
Read more →Creating new companies by copying existing company code SAP The following SAP training tutorials guide how to create a new company by coping with existing company code in SAP step by step. In our previous training tutorials, we have learned how to create new company code by using transaction code. In our previous configuration, we configured company code “AD06”. Important
Read more →
Company Code in SAP is an organizational unit of Financial Accounting (FI) for which you draw individual financial statements like Balance Sheet and Profit & Loss Account for purpose of external reporting. The Creation of company code is mandatory, you need to define a minimum one company code to implement SAP for your organization. Important points At least one company
Read more →
The following SAP tutorials guide you on how to assign company code to the company in SAP ECC and S4 Hana system using the IMG menu path and transaction code OX16. As per the FI enterprise structure, after you define a company and company code, the next step is to assign this company code to company. This assignment configuration enables
Read more →
SAP FICO Stands for FI (Financial Accounting) and CO (Controlling). SAP FICO is the important module of ERP and both FI and CO modules stores the complete financial transaction data of an organization. What is SAP FICO Module? What exactly SAP FICO module is SAP FI is an important module of all SAP implementations SAP FI ( Financial Accounting )
Read more →SAP FICO External and Internal Reporting. SAP FICO External and Internal Reporting – Here we are going to discuss how the external reporting and Internal reporting are done in SAP Financial Accounting Module. In our previous training tutorials, we have discussed briefly about SAP Modules. Let us understand more about SAP FICO module. The acronym SAP FICO stands for Financial
Read more →What is SAP FI – An Introduction of SAP Financial Accounting SAP FI (Financial Accounting) module and its importance in SAP systems will be discussed in this article. In SAP FICO, SAP FI stands for Financial Accounting and CO stands for Controlling. SAP FI is a backbone of SAP that helps to record, collect and process various financial transactional information
Read more →Leading Ledger and Non-Leading Ledger in SAP New GL The following SAP Training Tutorials guide what is leading Ledger and Non-Leading Ledger in SAP New GL, its difference, and their importance in ERP SAP R/3 Systems. General Ledgers are used to record the financial transaction of an organization where the transactions are posted through Journal entries. SAP Systems provides two
Read more →Why SAP Introduced New SAP GL? The following SAP Training Tutorials Guides detailed introduction about new SAP GL (General Ledger) and Why SAP was introduced. It is mandatory to refer what is SAP GL accounting before reading this topic. There has been drastic changes in Markets and the pillars of accounting were shaken. Due to this changes financial accounting of
Read more →
What is Functional Areas in SAP The following Free SAP training tutorials guide how to configure functional areas in SAP step by step. In our previous online training tutorials, we have learnt how to configure business areas in SAP. What are Functional Areas: – Functional areas are organizational units of financial accounting that classify the expenses as per the organizational
Read more →