Skip to main content

Posts

Procure To Pay (P2P) PROCESS IN SAP || Part 3 || Subcontracting, consignment, service management.

You require the subcontracting process in SAP when a company outsources parts of its manufacturing to subcontractors. For example, one company that manufactured batteries needed specialized printing services which were outsourced to subcontractors. Plastic boxes were provided to subcontractors and they did required printing on these boxes. Later, the subcontractors returned the boxes back to the client. The subcontractors charged the company for their services rendered per box.   Vendor consignment process in SAP is used when a vendor provides your company materials on loan. The materials are kept in the warehouse of your company until you withdraw the said materials for processing. Then, the liability is created for the vendor and a payment is done to the vendor on agreed intervals, e.g. weekly or monthly. For the vendor consignment process in SAP to work, you first need to agree on pricing with the vendor. The prices are a kept in consignment info records in the SAP system. The price
Post a Comment
Read more
Recent posts

How to configuration of document splitting in S/4 Hana

You can use D ocument Splitting to automatically split line items for selected dimensions (such as receivable lines by profit center) or to effect a zero balance setting in the document for selected dimensions. In document splitting, the system creates additional clearing lines. Document splitting enables you to draw up complete financial statements for the following dimensions at any time: Segments Profit centers Business areas Funds Receivables Customer-defined dimension (customer field) Kindly watch this video for configuration Document Splitting in S/4 HANA https://youtu.be/JbLMZxzNmgg
Post a Comment
Read more

How to create Chart of Accounts in SAP FICO

Chart of Accounts   The chart of accounts in SAP (COA) is a group of general ledger (G/L) accounts that records the organizational transactions in a structured way. Each general ledger account consists account number, name and control information. there are 3 types of chart of accounts 1, group chart of accounts 2, country chart of accounts 3, operating chart of accounts There are 4 ways to create Chart of accounts :- 1.Chart of Accounts - TCode - OB13 2.Assign Company Code To Chart Of Accounts - TCode- OB62 3.Define Account Groups- TC- OBD4 4.Define Retained Earnings Account - TCode- OB53 1, define chart of accounts - Tcode OB13 Search OB13 - then enter you can see this 👇 click on - NEW ENTRIES now fill in basic fields as per the company chart of accounts description language length of gl account controlling intregation then save 2, Assign Company Code To Chart Of Accounts - TCode- OB62 search bar - ob62 then enter click on position, write your company code then write your chart of
Post a Comment
Read more

How to implementation tolerance groups

  SAP Tolerance Groups - define posting authorizations of users in SAP ERP system. These posting permissions define the amounts that certain groups of accounting clerks are allowed to post. SAP Tolerance Groups determine various amount limits for employees and predefine the maximum amount an employee is permitted to post, the maximum amount the employee can post as line items in a customer or a vendor account, the maximum cash discount percentage the employee can assign in a line item, and the maximum allowed tolerance for payment differences for the employee. Define Tolerance Groups For Employees -TC - OBA4 SEARCH - OBA4 2 STEP - CLICK ON NEW ENTRIES STEP 3 - FILL REQUIRED INFORMATION BUT DON'T WRITE ( GROUP COLUMN ) BECAUSE NO ONE IS ASSIGNING YOU THE TOLERANCE LIMIT. THEN SAVE Hope this blog is helpful to you  If you want to see my SAP FICO training videos in the Hindi language  Click on this 👉--   https://youtu.be/NatnGnYGlus
Post a Comment
Read more

How to implementation Define Field Status Variant in SAP FICO

 DEFINE   Field status variant - is the collection of field status groups. Field status variant enables to define required fields during entry of transactions. First step - Define Field Status Variants -Tcode- OBC4 Search OBC4 on the search bar  2 STEP - Use standard field status variant 0001 and click on copy  3 step - write you field status variant name and description  Then enter and click on the copy all  then save  Assign Company Code to Field Status Variants -Tcode - OBC5 1, step - SEARCH OBC5 ON SEARCH BAR  2 STEP - CLICK ON ( POSITION ) AND WRITE YOU COMPANY CODE  THEN WRITE YOU FIELD STATUS VARIANT - THEN SAVE  Hope this blog is helpful to you  If you want to see my SAP FICO training videos in the Hindi language  Click on this 👉--  https://youtu.be/NatnGnYGlus
Post a Comment
Read more

HOW TO IMPLEMENTATION POSTING PERIOD VARIANT IN SAP FICO

  SAP FI posting periods are used to open and close periods of a financial year. Posting periods are maintained in a posting period variant that is assigned to a company code. 1,Definition of Posting Period Variant - Tcode - OBBO THEN SAVE 2,Assign Posting Period Variant to Company Code - Tcode - OBBP THEN SAVE 3,Open and Close Posting Periods -Tcode - OB52 NOW - SELECT THESE ITEMS AND COPY ALL ITEMS NOW WRITE YOUR POSTING PERIOD VARIANT ALSO WRITE PERIOD WHICH YOU WANT TO OPEN LIKE 1/22 MEANS - 1 APIRL 2022 12/23 MEANS - 31 MARCH 2023 THEN SAVE THEN SAVE  Hope this blog is helpful to you  If you want to see my SAP FICO training videos in the Hindi language  Click on this 👉--  https://youtu.be/6NxwTor-Xro
Post a Comment
Read more

How to implementation Fiscal year variant and Assign company code to fiscal year variant in SAP FICO

  Fiscal year means Accounting year. The Accounting year means the period of 12 months for which the companies prepare financial statements 1,Define Fiscal year variant - Tcode - OB29 2,Assign Company Code to Fiscal Year Variant - Tcode - OB37  STEP 1. SEARCH - TCODE - OB29 AND SEARCH FISCAL YEAR VARIANT - V3 NOW SELECT - THE V3 LINE THEN CLICK ON THE PERIODS  NOW CHECK ---THE PERIODS AND SPECIAL PERIOD NOW SAVE AND WE HAVE A VARIANT FOR FISCAL IS (  V3)  NEXT - ASSIGN COMPANY CODE TO COMPANY  Assign Company Code to Fiscal Year Variant - Tcode - OB37  SEARCH  - TCODE - OB37 THEN  CLICK POSITION - WRITE YOUR COMPANY CODE  FILL THE FISCAL YEARS VARIANT - V3  Hope this blog is helpful to you  If you want to see my SAP FICO training videos in the Hindi language  Click on this 👉--  https://youtu.be/lbGYseat0u0
Post a Comment
Read more