When you create chart of accounts, there is an option of selecting cost element creation. If you select the option of manual creation the cost elements are created manually. If the other option get selected then related cost elements are automatically get created at the moment you save the general ledger master data. With this setting of cost elements and General ledger … [Read more...] about FI-CO Integration – Manual or automatic creation of cost elements
Archives for April 2013
FI SD Integration – Revenue Account Determination
Like FI-MM Integration we also integrate SD module with FI for getting revenue related financial transaction to financial module. We call it as a FI SD integration in SAP. Through FI SD integration in sap, GL A/cs are allocated for revenue account determination. It’s specified depending on the terms like Condition Type, Chart of Accounts, sales organization, Account … [Read more...] about FI SD Integration – Revenue Account Determination
FI MM Integration in SAP
FI-MM integration in SAP is the most important integration that every financial consultant must aware of . In Material Management, accounting documents are created for the movement type which in turn needs to be reflected in financial accounting module for recording into the companies financial statement. To have these documents in real time to FI we need FI-MM integration in … [Read more...] about FI MM Integration in SAP
Number Range for SAP-CO Documents
For every posting in controlling module, SAP generates document with a number. These document numbers are unique to each controlling area, since each number is assigned only once to one controlling area. In Controlling, there are no legal requirements for a continuous assignment of document numbers. Every transaction that you carry out on the controlling area level has to be … [Read more...] about Number Range for SAP-CO Documents
Forms Other than ITR available for income tax e-filling
Followings are the list of 45 forms other than ITR forms available for filling at income tax website. These forms includes form for tax audit, audit report, MAT Computation report etc. List of Forms (Other than ITRs) available for e-Filing Sr NoForm NumberForm DescriptionMode1FORM NO 3CAAudit report under section 44AB of the Income-tax Act, 1961, in a case … [Read more...] about Forms Other than ITR available for income tax e-filling
What are the core elements of a resume – How to draft your resume
Resume is an essential tool through which you can market your skills to your interviewer. To build an effective resume, you have to keep it short and sweet. If you are a fresher and looking for a entry level jobs then your resume should not be more than 2 pages long. Below we have discussed some of the core elements of a resume which you have to mention while preparing your … [Read more...] about What are the core elements of a resume – How to draft your resume
Tax rate slab for Association of Persons (AOP), Body of Individual (BOI), Firm and Comppanies
Following tax rates are applicable to association of persons or a body of individual, firm and companies for the assessment year 2013-14 and 2014-15. Its required that every such AOP, BOI, Firm and companies pay their income tax liabilities based on the rates that are applicable to the assessment year relevant to the previous year. Following rates that are listed below … [Read more...] about Tax rate slab for Association of Persons (AOP), Body of Individual (BOI), Firm and Comppanies
Reverse of Depreciation posting in SAP FICO
Reversal Depreciation posting run in SAP is very easy. It occurs when there are changes to the depreciation parameters. Suppose after a depreciation posting you found out that there is a change in the useful lives of your assets or changes in the depreciation keys assigned to your assets. Transactions such as asset retirements and transfers also affect the calculation of … [Read more...] about Reverse of Depreciation posting in SAP FICO
What is SAP Business Suite
Last time i have received a mail asking a question on What is SAP Business Suite. We think that many of our readers will be interested to know what is SAP business suite. In this article we have tried to answer that question. Before we start let us have a small introduction about the company. This company was founded in the year 1972 by five former IBM Engineer in Mannheim, … [Read more...] about What is SAP Business Suite
General ledger Posting – Recurring and Provision Entries in SAP
Normal general ledger transactions are entered into SAP by using transactions code FB50. Transactions of recurring nature are posted using transactions code F.14. Entries of accrual and deferral will be posted through transaction code FBS1 and these entries get reversed by transaction code F.81 in general ledger accounting. All these recurring and provision transactions … [Read more...] about General ledger Posting – Recurring and Provision Entries in SAP