Tolerance groups for Employees determine the maximum amount limit that an employee can process the documents The maximum document amount that an employee is authorized to process The maximum amount that an employee is authorized to process amount as per line item in customer accounts or vendor accounts The maximum discount percentage that an employee is authorized to process in
Read more →How to Define Tolerance Groups for G/L Accounts in SAP S4 Hana You can define tolerance groups for G/L accounts in SAP S4Hana by using the following transaction code or IMG Menu Path SAP IMG Menu Path: – SAP Customizing Implementation Guide > Financial Accounting > General ledger Accounting > Business Transactions > Open Item Clearing > Clearing Differences >
Read more →The standard SAP S/4Hana system provides all the currencies according to the international ISO Standards. You can use the existing currency codes for your business transactions. Refer to below step by step procedure to check currency codes in the SAP S4 Hana system. How to Check Currency Codes in SAP S/4 Hana You can check currency codes in SAP S4
Read more →The different exchange rates for each currency pair are defined in the SAP S/4Hana system and differentiated by exchange rate type. Exchange rates are maintained in the Hana system as per exchange rate type. The standard SAP S/4Hana system provided various standard exchange rate types to meet the requirements. How to Check Exchange Rate Types in SAP S/4 Hana You
Read more →Currency Types in SAP S/4 Hana Currency type defines the purpose of a currency. The standard SAP S/4Hana system provides the various standard currency types for various purposes. The following are the important currency types in SAP S4 Hana Currency Type Description 00 Document Currency 01 Document Currency in Group Valuation 02 Document Currency in Profit Center Valuation 10 Company
Read more →After maintaining posting period variants, the next step is the assignment of variants to company code in the SAP S4 Hana system. How to Assign Variants to company code in SAP S4 Hana You can assign variants to company code in SAP S/4Hana by executing transaction code OBBP or menu path SAP IMG Path : SAP Customizing Implementation Guide >
Read more →What are open and close posting periods in SAP? Open and close posting periods specify for each variant which posting periods are open for posting. Open and Close Posting Periods in SAP S/4 Hana – Scenarios Posting period variants manage to open and close posting periods Through period variant in SAP Hana, you can control what period is to be
Read more →How to define variants for open posting periods in SAP S4 Hana You can define variants for open posting periods in SAP S4 Hana by transaction code or menu path SAP IMG Path : SAP Customizing Implementation Guide > Financial Accounting > Financial Accounting Global Settings > Ledgers > Fiscal Year and Posting Periods > Posting Periods > Define Variants
Read more →After maintaining a chart of accounts in SAP S4 Hana, the next step is the assignment of company code to the chart of accounts. Assign Company Code to Chart of Accounts in SAP S/4Hana – Scenarios In SAP, one chart of accounts can be assigned to one or more company codes Only one operational chart of accounts can be assigned
Read more →What is Retained Earnings Account in SAP At end of every fiscal year (Financial Year), the SAP Hana system carries forward account balances of the Profit and Loss Account (P&L) to the retained earning account. Scenario: At the end of every year, we perform the balance carry forward activity. So the closing balance of the financial year becomes the opening
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