What is General Ledger Accounting in SAP General Ledger Accounting (G/L) in SAP is one of the important sub-module of Financial Accounting. It is a central component of SAP S/4Hana system where the monetary values of business transactions are recorded and reported. So General ledger accounting is also called as the Main Ledger of SAP. The financial statements like Balance
Read more →Learn how the SAP system is determined the posting period is automatically when you post or record the document in SAP. In this SAP tutorials, you will learn a scenario, how the SAP is automatically determine the posting period and updated in a FI document transaction. How the posting period was determined in SAP When the user posts an accounting
Read more →How to Define Exchange Rate Types in SAP The exchange rate type in SAP is used to define the bank selling rates, bank buying rates and average rates for transaction of the foreign currency amount. The standard SAP system delivers the following Exchange rate types in SAP B- Bank Selling Rate G- Bank Buying Rate M- Standate Rate. Note: At
Read more →How to Define Standard Quotation for Exchange Rate in SAP In this configuration step, you will learn how to define standard quotation for exchange rate in SAP S4 Hana. It is one of the important step, you need to maintain the direct quotation or indirect quotation for each exchange rate currency pair. In our scenario, we are going to update
Read more →How to Activate Quantity & Value Updating SAP S4 Hana It is one of the important configuration steps in SAP S4 Hana that we need to activate the quantity and Value updating field in the Material type for every company code. If you don’t activate the Quantity/Value Updating fields for the company code, the system throws an error during the
Read more →How to Create a New Chart of Depreciation in SAP S4HANA The chart of depreciation is a list of depreciation areas that are configured according to the legal and business requirements of an organization. The chart of depreciation allows managing the assets valuation in a particular country/region. Chart of Depreciation = List of Depreciation Areas Depreciation Areas =
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How to Create GST Tax Codes in SAP S/4HANA The first GST was implemented in India on 1st July 2017. It is a single Taxation system applicable across India. The different types of GST that are applicable in India are CGST (Central Goods and Service Tax) SGST (State Goods and Service Tax) IGST (Integrated Goods and Service Tax) UTGST (Union
Read more →How to Assign Country/ Region to Country to Calculation Procure in SAP After the configuration of the Tax Calculation Procedure, the next step is the assignment of the country to the calculation procedure. Taxes are determined on a country basis. India Country now uses GST tax, so any organization doing business in India should register for GST and configure the
Read more →Define Tax Procedure in SAP S/4Hana Each country consists of different types of taxes and tax procedure is defined for each country level in the SAP system. The tax procedure consists of control data that are required to calculate and post the GST tax on Sales and Purchases. Tax Procedure is one of the important configuration processes that we need
Read more →GST Account Determination in SAP S4 Hana The applicable GST tax amount must be posted to respective General Ledger (G/L) accounts in the SAP Hana system. To full fill this requirement, we need to configure the account determination for SAP GST. The automatic account determination is configured by linking the GST G/L accounts to GST account keys. The Account Determination
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