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
Read more →Define Currencies of Leading Ledger 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 of the leading
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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
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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
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 →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 – 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 on
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
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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 functions. Let’s
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