How to park document in sap general ledger accounting

Parking a document is a concept where business transactions are entered and kept for posting at a later point of time. There can be many reasons where you need to park a document in your organisation. Followings are some of those reasons where you have to park a document in sap; While entering a transaction … Read More » "How to park document in sap general ledger accounting"

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"

Line Item Display and the purpose of setting this indicator in GL A/C master

Line item display field in SAP FI is a control field in the company code segment of a general ledger account master. When you set “Line Item Display” field in a company code segment of a general ledger master, all the posted transactions are stored in a special index table of SAP which carries additional … Read More » "Line Item Display and the purpose of setting this indicator in GL A/C master"

Tolerance group for employees in SAP

Tolerance group in sap is defined to make sure that the employees do not exceed their authority while entering any financial transactions. Tolerance Group is created by some configuration as a result the limit is restricted to a specific point beyond which transaction can not be carried out. While defining Tolerance group for employees, we … Read More » "Tolerance group for employees in SAP"

OBY6 – How to maintain Company Code Global Settings in one T Code

Company code global setting is a place where you can assign various fields to your company code or you can see what things assigned to your company code. If you are a not finance person and wanted to see the setting specific to a company code then this is the place for you. Path for … Read More » "OBY6 – How to maintain Company Code Global Settings in one T Code"

5 fields of SAP Chart of Accounts explained

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  … Read More » "5 fields of SAP Chart of Accounts explained"