While creating a chart of account in SAP you need to pay attention to all the five fields in the screen. Creation of COA path:- SPRO > Financial Accounting > General Ledger Accounting > Master Data > Preparations > Edit Chart of Accounts List T Code: OB13 Fields used for creating COAs in SAP; Maintain Language SAP provides option of maintaining … [Read more...] about 5 fields of SAP Chart of Accounts explained
Archives for June 2013
GL Account group creation in sap chart of account
General Ledger A/c group structure of a chart of account is to be drawn out and agreed upon by the business owners before creating it in SAP FI Module. You and the person from client site must decide together while drafting your chart of accounts and specific consideration should be given by differentiating FI module and CO module. A/c group in a chart of account manage a … [Read more...] about GL Account group creation in sap chart of account
5 Fileds one should remember while creating a Profit Center Master
While creating a profit center master through transaction KE51 you need to pay special attention to following fields; PCA Standard Hierarchy: PCA hierarchy is the node to which all the profit center master created under a controlling are need to be assigned to. While creating profit center master there is a mandatory filed under the “Basic Data” tab called “Profit Ctr … [Read more...] about 5 Fileds one should remember while creating a Profit Center Master
Change Profit Center Standard Hierarchy
Profit Center standard hierarchy can be changed in SAP to a limited extend. There are certain fields like “name of the PCA hierarchy” in profit center hierarchy which can not be modified once the master data has been created in SAP. By changing a PCA standard hierarchy you can created PCA group under it or sub-group under a group or you can create profit center master … [Read more...] about Change Profit Center Standard Hierarchy
Profit Center Standard Hierarchy creation
The Profit center standard hierarchy is a structure that contains all the profit centers belonging to one controlling area. PC Standard hierarchy is a representation of the organization and management levels within a market. While creating a profit center master, you should assign it to one of the node in PC standard hierarchy. It represents a tree structure of all the … [Read more...] about Profit Center Standard Hierarchy creation
Use of a Dummy Profit Center
In SAP, a profit center (PC) is not designed to get direct posting. All the PCs are getting posted through a cost object like cost center, internal orders etc. If such cost objects are not assigned to a PC then posting will not be posted to PCA as a result PC figures will mismatch with the actual figure.To avoid this a dummy profit center is necessary to transfer those … [Read more...] about Use of a Dummy Profit Center
How to create a dummy profit center
Dummy profit center is a default profit center for the entire controlling area. There can be only one dummy profit center per controlling area. It's assigned to the controlling area when you do settings for the PCA Controlling Area by using transaction code OKE5 Dummy profit center (DPC) is a default PC to which data is posted when the corresponding object has not been … [Read more...] about How to create a dummy profit center
What is TDS Certificate -Form 16 or 16A
TDS certificate is to be issued by each deductor who is deducting income tax and to be furnished to the person from whose income / payment the Income tax has been deducted. The TDS certificate should specify the amount of tax deducted and the rate at which it has been deducted. Its significance to the government lies in the fact that it propones the collection of tax, ensures a … [Read more...] about What is TDS Certificate -Form 16 or 16A
Documents needed for a PAN Card Application
Income tax rules, 1962 states the documents required as proof identity and address of any assessee or any one who is interested in applying for a PAN Card. In the same rule following list of documents are stated to accept it as a proof of identity and address while applying for a PAN Card in Form 49AA. You can download Form 49AA from this link PAN Card Applied by A … [Read more...] about Documents needed for a PAN Card Application
How to Download Form 16 and Form 16A from TRACE Portal
Downloading Form 16 and 16A is mandatory as per the recent changes to income tax rule, 1962. After downloading, a deductor will be able to issue it to the deductee. Process of Downloading and Creating Form 16 and 16A in PDF Deductor has to register on TRACES Portal After logging into the portal you need to click on the Form 16 and 16A section under the download … [Read more...] about How to Download Form 16 and Form 16A from TRACE Portal