Carry forward receivables and payable – F.07

Carry forward receivables and payable balances can be executed through transaction code F.07 or through following path; SAP Used Menu > Accounting > Financial Accounting > Accounts Payable > Periodic Processing > Closing > Carry Forward > F.07 – Balances F.07 is used to carry forward balances of both customer and vendors. Through this transaction … Read More » "Carry forward receivables and payable – F.07"

What is the use of Sort Key in General Ledger Master – Company Code Segment

You assign the sort key to a general ledger master in company code segment related to a particular company code. When you assign this sort key, the assignment field of a line item is automatically filled in based on the selection of sort key. If you select the sort key as posting date then the … Read More » "What is the use of Sort Key in General Ledger Master – Company Code Segment"

How to create a posting key in SAP

Posting key in SAP is used to control the entry of a document line item. In SAP a posting key determines the account type, debit and credit of a line item and the screen layout or filed status of the entry screen. While posting a document to Sap you need to enter a posting key … Read More » "How to create a posting key in SAP"

Maintain Number Ranges for controlling area

Number ranges are defined for a controlling area to get posting all the controlling documents generated and posted to controlling module. You can track any controlling document by the document number created with the help of number range. To define it for controlling area, you use the transaction code KANK. You can also follow the … Read More » "Maintain Number Ranges for controlling area"

How to define a operating concern in SAP

Operating concern or OPCON is the highest organizational structure in SAP controlling module if you want to implement SAP Profitability Analysis (COPA). Your business will be divided into different segments (i.e. by product, marketing and other segments) and each segment’s profitability can be analyzed through this module. It’s creation is client independent i.e. if you … Read More » "How to define a operating concern in SAP"

Public Limited Company – Minimum requirements and Advantages

Public limited companies are incorporated or registered in India under the Indian Companies Act 2013. As per the present law, Public limited company are defined as a type of organization which is not a private ltd company i.e. It’s not managed privately by group of individuals. Shares are freely traded by the public and the … Read More » "Public Limited Company – Minimum requirements and Advantages"

Private Limited Company Requirements

Private Limited Company is registered in India under the companies act, 1956 with not less than 2 members and not more than 50 members as its subscriber. It’s less cumbersome to organize and operate as there are certain legal exemptions to follow. In India most of the family businesses are run in the name of … Read More » "Private Limited Company Requirements"

Company Registration Procedures in India – For Private Limited Company

Company form of business is the most common corporate structure in India. A company is a business entity which has its own legal identity and registered under the companies act 2013. Out of the options available to register, private limited company is the most popular type of corporate legal entity registered in India. Registrations of … Read More » "Company Registration Procedures in India – For Private Limited Company"