profit center accounting

Profit Center Accounting – SAP

profit center accounting  is a division within the entity that is treated separate from the corporation. A profit center is a stand-alone section of the corporation that is required to generate its own profits and perform its own accounting.… Read More

sap internal order

What is SAP Internal Order?

What is SAP Internal Order?

SAP Internal Order is a cost object that collects costs for the management information system and, in some instances, revenues for an organization. IOs can be used to:

■ Monitor the costs of short-term measures… Read More

Foreign currency

Foreign Currency Valuation in SAP

Foreign Currency Transactions:

There three types of Exchange rates defined by SAP,

  • Bank Buying Rate Exports Purpose             – G Type
  • Bank Selling Rate Import/Expenditure     –B Type
  • Average Rate MM/SD Users only                 –M Type

Path: SAPSAP NetweaverRead More

create cost center

How to Create Cost Center in SAP?

Every one ant to know How to Create Cost Center in SAP?. The answer Cost Centre are used to track where cost occur in the organization. As costs are incurred, they are assigned or posted to the appropriate cost center. … Read More

Reconciliation ledger

How to do Reconciliation Ledger in SAP System

IMG⇒ Controlling⇒ Cost Element Accounting⇒Reconciliation ledgerActivate/Deactivate Reconciliation Ledger

Double Click on “Activate Reconciliation Ledger”

T-Code: KALA

  • Controlling Area: Select “Controlling Area“from the Popup
  • Click on “Execute

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Press “Enter”

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For “Deactivate Reconciliation Read More

number assignment

Document Number Assignment in SAP System

In the SAP System, every document is assigned a number that identifies it uniquely within a fiscal year and company code.

There are two types of number assignment:

External (by the user)- Need Auto generated Number confirmed by VR.

The … Read More

sap credit memo

SAP Credit Memo Process what is Credit Memo?

SAP Credit memos are used to correct a vendor invoice. Once the invoice and the credit memo difference is posted in SAP, any open items left in the invoice, credit memo and payment can be cleared. To take an example, … Read More