Profit center accounting is generally is not the regular core component of controlling. It is a part of Enterprise Controlling. The main purpose of Profit center accounting is providing the opportunity to analyze and report to the management regarding internal … Read More
The variant principle there is 3 variants. They are 1.fiscal year variant 2.posting period variant3.feild status variant. The first customization is fiscal year variant. The variants defined under variant principle are at client level.
What is Fiscal Year Variant:… Read More
Product costing is one of the important tools in SAP environment. It explains how to determine the cost of product or a unit. Product Costing is used to know the unit cost of the goods manufactured or sold. It helps … Read More
The application component in financial accounting is accounts payable and accounts receivables. The longevity of an organization more or less will depend on their abilities to manage the accounts payable and receivables of the organization. There is no organization … Read More
Accounts Payable
AR & AP are sub ledgers of GL for managing customer & vendor balances. Most of AR comes from SD modules & AP data from MM module.
Define Acct group with screen layout (Vendors)
Tcode: OBD3
Explanation:
When … Read More
Invoice Generation
Invoices will be generated at the Smelters and stock points. The accounting entries for the sale of goods dispatch will flow from the Sales invoice generated in SAP Sales and Distribution module.
The following entries shall be passed… Read More