Validation and substitution in SAP is used in document posting. In SAP all input values are validated either by a program or with a table. However, certain validations are not carried on by these standard programs so you have to specifically use validation program to create validation rules in sap for you specific requirements. Substitution is also worked similarly in … [Read more...] about Validations and Substitutions in SAP FICO
Archives for May 2013
Document Splitting in SAP FICO – New GL Concept
Document Splitting in SAP is a new feature. If you want the profit center, business area or segments to appear in line items which you have not entered while posting, then document splitting in SAP will populate line items with the selected characteristics even when such line items are not populated manually. If you want to draw a Balance Sheet as per the selected … [Read more...] about Document Splitting in SAP FICO – New GL Concept
How to configure currency type in sap
In SAP all currencies are maintained as per the ISO standard. SAP provides currencies for every country and it also provides a flexibility of defining our own currencies. When we define local currency and foreign currencies for a company code then the transaction methods and the exchange rates etc should have been configured in place to get that reflected in FICO transactions. … [Read more...] about How to configure currency type in sap
What is Currency type in SAP and how its use in SAP
Currencies in SAP are used to express a transaction in monetary terms. SAP provides various options to manage currency type that you want to use while recording a transaction in to the Financial Accounting module. Currency type used in a company code is called local currency in SAP and all other currencies are called foreign currencies. When SAP finds a document posted in … [Read more...] about What is Currency type in SAP and how its use in SAP
What is Reposting, Distribution and Assessment – The difference between these three?
Transactions are not posted directly into controlling module. It flows from different module. Reposting, distribution and assessment in SAP used in controlling module to allocate costs within the module between cost centers and other cost objects. Reposting in SAP is used to rectify incorrect postings. Reposting by line-itemReposting by cost. Both methods produce the … [Read more...] about What is Reposting, Distribution and Assessment – The difference between these three?
How to open a saving bank account in India
Saving bank account will allow you to keep your money in a safe place with periodical low interest income in comparison to a term deposit. Interest will be calculated on the money deposited in it. Private and nationalized banks like HDFC, ICICI, SBI, Axis, Kotak, DCB, RBL and Indusland have are offering lots of features that you can choose based on your requirements. Wherever … [Read more...] about How to open a saving bank account in India
How To link the Customer Account with the Vendor Account in SAP FICO
There can be a situation where both customer and vendor are the same party and your company is doing business with them. In such kind of situations the SAP has given a option by which the settlement to the party will net off while making payment. To do so you are required to link the customer account with the vendor account in SAP FICO. In following steps we will show you how … [Read more...] about How To link the Customer Account with the Vendor Account in SAP FICO
Income Tax Depreciation Rate As Applicable From Assessment Year 2006-2007
Depreciation rates In Income tax indicates how much of an asset’s value has been used up during the year or over the year. For taxation purpose, income tax of India allows depreciation as a business expenses. However the company must depreciate a particular asset according to the rules and depreciation rate specified for that asset under the income tax act. … [Read more...] about Income Tax Depreciation Rate As Applicable From Assessment Year 2006-2007
Transaction Codes and Steps used in SAP PROFIT CENTER ACCOUNTING
Profit center accounting in SAP is a sub module of controlling module. You can use profit center accounting to have PL and BS on the basis of responsibility that you defined in SAP. Profit center accounting is also known as responsibility accounting in SAP. Below you have steps and transaction codes to configure Profit center accounting in SAP Maintain Controlling … [Read more...] about Transaction Codes and Steps used in SAP PROFIT CENTER ACCOUNTING
Transaction Codes and Steps for SAP Internal Order Customization
Internal order in sap is part of controlling module and used to record costs from FI module. Internal order works like a cost object where in you record expenses and those expenses again settled to another object for different reasons. Below we have listed all transaction codes that are related to internal order. Activate Order Management in SAP Controlling Area: SAP IMG … [Read more...] about Transaction Codes and Steps for SAP Internal Order Customization