What are G/L Account Groups in SAP Chart of accounts contains different types of accounts and accounts are grouped into account groups. Account groups refer to groups of accounts that have a similar property within a general ledger accounting. Account Groups in SAP S/4Hana – Scenarios When you are creating a general ledger account (G/L account), you must specify the
Read more →After maintaining the fiscal year variant in SAP S/4Hana, the next step is the assignment of company code to the fiscal year variant in SAP Hana. By assigning fiscal year variant to company code, it enables to work with company codes with the fiscal year variant to the open posting periods. So you can assign one fiscal year variant to
Read more →What is Fiscal Year Variant in SAP The Fiscal Year in SAP represents a financial accounting year or an annual accounting period. The fiscal Year Variant determines company accounting posting periods and calendar assignments used to post documents in Financial Accounting. Fiscal Year Variant in SAP S/4Hana – Scenarios Fiscal year variant setup the financial year in the SAP Hana
Read more →What is Fiscal Year in SAP Hana The Fiscal Year in SAP 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 posting
Read more →What is 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
Read more →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
Read more →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
Read more →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
Read more →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
Read more →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
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