Explain the Categories of General Ledger accounts in SAP

Tax Accounts are exclusively used as tax accounts. The collected tax will be credited into these accounts. While determining these accounts we have to specify the Tax type allowed. Accordingly only the system allows the relative tax type transactions … Read More

Accounts Payable Processing in SAP

Accounts Payable Processing in SAP

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

Investment management Module

Introduction to investment Management Module in SAP

Investment management Module refers to planning and managing of investments in long term activities. The long term investments may be for the purpose of creation of fixed assets for internal purposes, or may be an execution of job works and … Read More

Bill of Materials

What is Bill of Materials (BOM)?

Bill of Materials : BOM is a complete, formally structured list of components (raw or semi finished materials), which are needed to manufacture a finished product. The BOM list contains the material number together with quantity and unit of measure … Read More

Purchase Info Record

What is Purchase Info Record in SAP?

The Purchase Info Record belongs to the master data for purchasing. It holds information for a specific Material and Vendor combination.  Purchase Info records allow the definition and maintenance of:

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project charter

The Main Key Features of SAP R/3

Flexible & comprehensive

SAP R3 improves flexibility and enables quicker response.  It lets the company to concentrate on strategically expanding their business to address new products or markets.

SAP R/3 is ideal for companies of all sizes and industries.  It … Read More

Purchase Info Record

How To Create Purchase Info Record SAP?

Purchase Info Record: Info records are created automatically when the user orders a material or update a price quotation from a vendor, but can be also created, changed or deleted manually.

Purchase Info Records (Info records) are maintained as Master Read More