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Retained Earnings GL Account in relation to Carrying Forward Balances

May 12, 2013/0 Comments/in FI (Financial Accounting), SAP Tips & Tricks /by Yaso

We may notice that for certain Balance Sheet General Ledger accounts the opening balance of a fiscal year does not equal the closing balance of the same account for the previous fiscal year. It may be the case that the … Read More

SAP Clearing in Local Currency

Mar 11, 2013/0 Comments/in FI (Financial Accounting), SAP Overview, SAP Training Tutorials /by Yaso

SAP Clearing in Local Currency

Transaction OBY6

Effect of clearing in Local currency : Purchase USD 1000 at 1 USD = 2 SGD.

The accounting entry in Local Currency is
Purchase account Dr 2000
Vendor account CR 2000

Paid … Read More

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Retained Earnings GL Account in relation to Carrying Forward Balances

SAP Clearing in Local Currency

SAP Clearing in Local Currency

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