GR IR Clearing Account in SAP is an intermediary clearing account for goods and invoices in transit. It represents Goods Receipt and Invoice Receipt Account. It’s a balance sheet account for which balance is not zero at the end of the period. This may happen because of following reasons; Goods received but not yet invoicedInvoices of goods which have not yet been … [Read more...] about GR IR Clearing Account ’s Use in SAP FI Module
Archives for April 2013
General Ledger Master Data Configuration in SAP FICO
General Ledger master in SAP control the posting of a accounting transaction to General Ledger accounts and then processing it to Profit and loss account and balance sheet. Before you can make postings to a General Ledger account, you have to create these master record in system. General Ledger Master Data Structure in SAP FI General Ledger master records are divided … [Read more...] about General Ledger Master Data Configuration in SAP FICO
Field Status Group in SAP FICO
Field status group in SAP is used to manage fields of the required object. These groups in SAP are used in a general ledger master and defined specifically to manage fields that are required to be used while creating a transaction posting in General Ledger. Field Status Groups in SAP are created under one variant which then assigned to company code in sap financial module. … [Read more...] about Field Status Group in SAP FICO
What is a Transport Request in SAP – SAP Change Request
Transport Request in SAP are the vehicle by which our configuration settings are moved for one client to other. It’s a request where changes in the system are saved for each and every configuration that you do in development client While saving configuration in development box, system will be asking for a transport request to save the changes you made. You can create … [Read more...] about What is a Transport Request in SAP – SAP Change Request
What is Client in SAP – SAP System Environment
Client is the highest organizational unit in SAP. Its a subdivision of the system, enabling separate independent organizations to use SAP system installation. Its also known as a self-contained data area unit with separate master records and a complete set of tables. At least one client in SAP needs to be defined under which all organizational units are to be configured. … [Read more...] about What is Client in SAP – SAP System Environment
Enterprise Structure in SAP-FICO
Enterprise structure in SAP is an organizational diagram that shows how the whole group is mapped in SAP. It consists of some organizational units of different modules created for a specific business-related reasons and are grouped together. Organizational units include legal company entities, sales offices, profit centers, etc. It handle specific business … [Read more...] about Enterprise Structure in SAP-FICO
Why and When you require to have an Insurance Policy
Many people who are not well acquainted with insurance most often ask questions like what is the requirement of an insurance policy and why should i have one. If you have the same question then this article will help you to get an answer. Insurance can be taken as an investment or a risk coverage option. It depends on the policy holder's requirements and necessity. It’s not … [Read more...] about Why and When you require to have an Insurance Policy
What is ULIP Plan – Difference between ULIP and Mutual Fund
ULIP stands for Unit Linked Insurance plan. Initially it’s lunched by Unit Trust of India in the year 1971. With the subsequent issue of major guidelines by the IRDA in 2005, several insurance companies have started offering unit linked insurance plans by providing an investment cum insurance product. A part of the premium that you pay for Unit Linked Insurance Policy is used … [Read more...] about What is ULIP Plan – Difference between ULIP and Mutual Fund
What is Insurance Policy – Type of insurance policies you need in india
Right insurance policy will not only protect your life or important assets but also helps in strengthening personal financial plan. In this article, we will discuss different type of insurance plans and policies that can help you to include it into your portfolio to be risk free. Before we start lets us understand what is insurance policy in simple terms What is insurance … [Read more...] about What is Insurance Policy – Type of insurance policies you need in india
8 common interview mistakes and how to avoid
It's very easy to make mistakes in job interview. With a little bit of preparation and practice, you can avoid these common interview mistakes. Candidates make these interview mistakes without even knowing about it. Below are few tips and steps to make sure how to you ace your career without making any interview mistakes. Here are the top 8 common interview mistakes that … [Read more...] about 8 common interview mistakes and how to avoid