Archive for the SAP Hana FICO Category

What is Fiscal Year in SAP Hana The Fiscal Year in SAP Hana is called as Financial Accounting period and Financial Year. The fiscal year determines the posting periods for posting the documents and financial statements to be prepared. Each fiscal year contains 12 months ( 1 month = One period), each period within a fiscal year is called a

Chart of Accounts in SAP Hana A chart of accounts in SAP is a list or library of G/L (General Ledger) accounts that are required for company code to record real-time business transactions. For each general ledger account, a chart of accounts controls the Account Number Account Name Information that controls how to G/L account is created in company code

The integration between company code and Financial Management area (FM Area) in SAP S/4Hana is established through the assignment of company code to FM area. To complete the customizing task of the financial management area in SAP Hana, you need to assign company code to the credit control area. Scenarios In this configuration, we are going to assign company code

The integration between company code and credit control area in SAP S/4Hana is established through the assignment of company code to credit control area. To complete the customizing task of credit control area in SAP, you need to assign company code to credit control area. Scenarios: In our case – We are going to assign company code “AD06” to credit

What is Financial Management (FM) area in SAP Financial Management Area (FM Area) in SAP S/4Hana is an important organizational unit used in funds management and cash budget management to generate all cash flow statement reports and fund flow statement reports. Financial Management Area in SAP Hana – Scenarios  The currency FM currency can be different as company code currency

What is Credit control in SAP Credit control area in SAP HANA is an important organization unit that determines to manage and check credit limit for customers. With credit control area, in SAP  you can control credit limits for the customers at the time of customers sales order creation, delivery posting and billing document generation. Credit Control Area in SAP

What is Segment in SAP? The segment in SAP is an organization unit used for generating financial reports for internal purposes. Segments can be a department, product, or geographical location. How to Define Segments in SAP S/4 HANA The segment can be defined in the SAP S/4Hana system by using the following configuration steps Navigation: To define a segment in

What is Functional Area in SAP Functional Area in SAP Hana is an organizational unit used to classify the expenses according to functions such as administration, sales, marketing, and production. Function Areas can be assigned to the master data with various objects of G/L Accounts Cost Elements Cost Centers Functional Areas in SAP HANA – Scenarios Functional area is defined

What is Business Area in SAP Business Area in SAP Hana is an internal organizational unit that represents separate area of operations for internal financial statements (Balance Sheet & Profit and Loss) are produced as per company operational areas product lines, subsidiary, products, geographical areas, etc. Business Area in SAP Hana – Scenarios Business Area is an optional organizational unit

The integration between company code and company is established through this assignment of company code to company in SAP Hana. To complete the customizing task of company code, you need to assign company code to company in SAP Hana. How to assign company code to company in SAP Hana You can assign company code to company in SAP S4Hana system