Period End Closing activities in Controlling

This is one of the regular tasks in the production environment. The period end closing activities are defined as the regular periodical tasks to be executed at predetermined period intervals. In each application component or activity this period end closing … Read More

How to do Month end Provision Entries in SAP?

Month end Provision Entries

1. Process Depreciation Run

Accounting -> Financial accounting -> Fixed assets -> Periodic processing -> Depreciation run -> Execute – AFAB

2. Process Investment Grant

Accounting -> Financial accounting -> Fixed assets -> Periodic processing -> … Read More

Make to Order

Make to Order (MTO) and Make to Stock (MTS)

Make to Order

Make to order production is a process in which a product is individually manufactured for a particular customer. Stock keeping is not usually carried out for products that are made to order. The primary benefits of this … Read More

SAP Credit Memo Processing

SAP Credit Memo Processing

Credit memo in SAP 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 … Read More

Maintain Versions in SAP

How to Maintain Versions in sap?

To enter any transaction data in sap – CO, we need to maintain versions. Version stores your data into what type of data we entering whether Planned Or Actual. The most suitable version for any company is Version 0, which … Read More