Document types in SAP are defined to distinguish different business transactions. For example, transactions like customer payment and vendor credit memos are distinguished with two different document types in SAP to identify it in future. Document types in SAP are defined at the client level. Standard SAP already contains some default document types for your use. While … [Read more...] about What is Document Type in SAP – Relationship with Number Range
Archives for April 2013
How document principle and structure is defined in SAP
Today, in this article we will tell you how document principle and structure is defined in SAP. Posting in SAP FI Modules are stored in the form of a document and kept in the system until it gets archived. Only a complete document can be posted in SAP. Complete means the difference between debit and credit items must be equal to zero and you have entered the required items … [Read more...] about How document principle and structure is defined in SAP
Requirement of Customer Account Group in Sap FI
Customer Account Groups in SAP are created for both SD and Financial Accounting modules. SAP delivers different types of default customer account groups to have the flexibility of creating your own group either as a new entry or by copying an existing master data. Based on your specific requirements, you also have the flexibility of creating your own. Here are four … [Read more...] about Requirement of Customer Account Group in Sap FI
Company Code and Controlling Area Relationship in SAP
While defining a controlling area in SAP with transaction code OKKP, we have to specify company code (CC) and controlling area (CA) relationship. SAP has provided two option to specify the relationship; Company code and Controlling Area relationship in SAP can be one to one i.e. one controling area will be assigned to one company code or else it can be defined as a … [Read more...] about Company Code and Controlling Area Relationship in SAP
Sample Accounting Entries in SAP FI module
Accounting entries in SAP are generated for each financial transaction posted by the company based on the customization done. These entries are getting posted into the financial module when you save the transaction or post it into the system. Some accounting entries in SAP are getting posted directly in the financial (FI) module and others are posted from different other … [Read more...] about Sample Accounting Entries in SAP FI module
How Account Types are used in Chart of Accounts and Document types
Account types in the SAP Financial module are denoted by one character out of the five default characters that SAP has delivered. It specifies different areas to which a General Ledger Account belongs. In SAP, account types are required in addition to the general ledgers, otherwise the same number range can be used. All General Ledger Master data in SAP has to be created … [Read more...] about How Account Types are used in Chart of Accounts and Document types
What are the sub modules in SAP Controlling
Sub modules in SAP Controlling are used to handle company's internal reporting. Financial transactions from different modules are posted to the controlling module of SAP and reported in a defined structured way for management's internal reporting. Like any other module, SAP Controlling has 5 major sub modules to manage the processes better. Cost Center Accounting - SAP … [Read more...] about What are the sub modules in SAP Controlling
What is Chart of account in SAP FI module – COA
In SAP, a Chart of Account (COA) is defined at the client level. After creating a chart of accounts in SAP, it has to be assigned to a company code. To have better control, all the general ledger accounts are grouped under a chart of accounts. This will help to develop different financial statements for legal reporting. Chart of Account in SAP, is a list of all the … [Read more...] about What is Chart of account in SAP FI module – COA