Today in this article we will show you how open items are managed in SAP. You will also know hoe to clear open items manually and transaction codes for that. Open item means the line item is open and it’s not cleared by a clearing transaction i.e. it’s an unfinished transaction in SAP. This allows us to check whether a particular vendor transaction has been paid or not. If … [Read more...] about Open Item Management in SAP FI
Archives for May 2013
Few things that you should not share with your Coworkers
Developing friendships within the office is a great thing that can benefit both you and your career. At the end of the year you and your very good friend are going to compete with each other for the race of career progression. So in a way it’s going to be a tough situation if your friend will know the things that he as a competitor should not suppose to know. You should always … [Read more...] about Few things that you should not share with your Coworkers
How a resume should be written – Format of a resume
Remember, resume is a marketing piece about you, and it presents your skills and accomplishments to the employer. Please stick with a font size of 12/14 points while drafting your resume. You can keep your title a bit bigger to 16/18 points. In this article we will show you various heads of resume to let your know how a resume should be written. Contact … [Read more...] about How a resume should be written – Format of a resume
SAP FI Interview Questions for your JOB preparation
We have started posting possible SAP FI interview questions. Here is the first set of questions that will be very helpful for your interview preparation. What is posting key and how it is used in SAP FI? Posting key is used in SAP to let the system know whether a transaction is Debit entry or Credit entry. It also maintains field status at that level. By default certain … [Read more...] about SAP FI Interview Questions for your JOB preparation
Top 5 things for a SAP resume drafting
Resume is a marketing tool which highlights your skills, education, experience and accomplishment for the particular position. It should be neat and cleanly formatted. The hardest part in writing a resume is starting to write a resume. Below are certain points that need to be placed in a resume while drafting for a SAP related job. Here are 5 things that one should … [Read more...] about Top 5 things for a SAP resume drafting
How do I add a transaction code to favorites in SAP
SAP has flexibility of adding a particular transaction to the favorite list of user menu so that you need not always enter the transaction or the path to execute it. In this article we will show the steps on how to add transaction codes to favorites in SAP. With this the required transaction in SAP will get added to your favorite list. Path to add a transaction code to … [Read more...] about How do I add a transaction code to favorites in SAP
What is Written down Value method of depreciation in SAP FI
Depreciation is a non cash expense that is accounted to write down the value of an asset over its useful life. In SAP Depreciation process is used to allocate the cost of a fixed asset as an expense in the years when the asset helps to generate revenue. Its accounted because of the matching principle. As land has an unlimited life, it is not depreciated. In this article we … [Read more...] about What is Written down Value method of depreciation in SAP FI
Straight Line Method of Depreciation Calculation in SAP FI
Depreciation is a method by which the cost of the asset is spread over its entire useful life of the asset. The useful life period will be the period after which the asset will no longer be valuable or not usable without extensive overhaul. Any asset can be depreciated if the asset has a usable life of more than one year and in production gradually wears out over time. Since … [Read more...] about Straight Line Method of Depreciation Calculation in SAP FI
Field status variant and field status group in SAP FI module
Field status variants are used in many places of SAP. In FI modules field status groups (or FSG) are used for General Ledger masters, Customer Masters, Vendor Masters, Asset Masters and posting Keys. In this article we will be discussing Field status variant created for General Ledger masters. While creating a general ledger master the right field will be displayed as per the … [Read more...] about Field status variant and field status group in SAP FI module
How to create company code in SAP
Company is a smallest organizational unit for which individual financial statements can be drawn up according to the relevant law of the country. It can consist of one or more Company Codes. All company codes within a company must use the same transaction chart of accounting (operating chart of accounts) and the same fiscal year. A Company Code in SAP has one local currency … [Read more...] about How to create company code in SAP