What is Business Area in SAP Definition of Business area:- Business area is a separate area of operations or responsibilities of organizational units of financial accounting that is used for internal and external reporting. Different divisions of each business within a legal entity are created as Business areas for reporting of each operational area. So Financial statements can be created for
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
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The following tutorial guides you on how to define company code in SAP FI step by step with screenshots. After configuring the company, the next step is to configure the company code. Let us discuss briefly the company code. What is Company Code in SAP About Company Code:– Company Code in SAP is the smallest organizational unit of Financial Accounting
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How to Assign Company Code to Company in SAP The following SAP tutorials guide you on how to assign company code to the company in SAP step by step with screenshots. Before assigning of company code to a company, you need to configure the following organizational units in SAP system Company Company code After configuration of company and company code,
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What is SAP FICO ?? 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 exactly SAP FICO module is SAP FI is the 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
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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
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