The following SAP tutorial guides you on what is company in SAP and how to define or create a new company in SAP ECC & S4 Hana system step by step with screenshots. Let us discuss briefly What is Company in SAP Company is also called as an internal trading partner. It is the highest organizational unit in SAP for
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The following SAP tutorial guides you on what is company code and how to define a new company code in SAP ECC & S4 Hana system. As per the FI enterprise structure, After configuring the company, the next step is define a new company code. Let us discuss briefly about the company code in SAP: What is Company Code in
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The following SAP tutorials guide you on how to assign company code to the company in SAP ECC and S4 Hana system using the IMG menu path and transaction code OX16. As per the FI enterprise structure, after you define a company and company code, the next step is to assign this company code to company. This assignment configuration enables
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
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Document Types in SAP SAP Tutorial guides you about document types and how to define Document types in SAP. Define Document types:- Document types are defined at the client level, so document types are applied to all company codes. The document type key is used to classify accounting documents and distinguish between business transactions to be posted. Standard SAP system
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This SAP Tutorial Guides you on How to Assign Company Code to the Fiscal Year Variant in SAP. A single Fiscal Year Variant can be assigned for multiple company codes. The link between Fiscal Year Variant and Company Code is established through assigning Company Code to Fiscal Year Variant. Important points to be remembered All the fiscal year variants are
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The following SAP Tutorials guide you on how to create a chart of accounts in SAP step by step. Let’s discuss chart of accounts and types of chart of accounts in SAP. Definition of Chart of Accounts:- The chart of accounts in SAP ( COA ) is a list of GL accounts master records that are used by the organization. The
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Fiscal Year Variant in sap Definition Fiscal year:- A fiscal year is divided into a number of posting periods, and each posting period in an accounting period is defined by a start date and end date The fiscal year in SAP can be defined as year-dependent or Year Independent Year independent – Same number and dates for the periods every
Read more →The Important organizational elements in SAP FI are Company Code Business Area Chart of Account Functional Area Company code is the Smallest Organization unit for which independent financial statements can be carried out. Balance sheets and profit & loss statements can be created at the company code level as required by law. Business transactions are processed at each company code level.
Read more →SAP FICO Basics 1. Organizational Elements 2. Variant Principle 3. GL Master Data and Account Groups 4. Accounts Payable 5. Accounts Receivable 6. Controlling 7. FI-SD Integration 8. FI-MM Integration 1. Organizational Elements:- Organizational Elements SAP FI Company Code Business Area Chart of Account Functional Area Company code in SAP:- Company code is the Smallest Organization unit for which independent
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