General Ledger Accounting

Migration to New General Ledger Accounting – Overview

Many different migration scenarios are imaginable for the transition from classic General Ledger Accounting to New General Ledger Accounting, ranging from the straightforward merge of existing ledgers to a totally new conception of accounting, such as the introduction of segment … Read More

Clearing in SAP

What is Clearing in SAP?

Clearing in SAP refers to squaring-off open debit entries with that of open credit entries. Clearing is allowed in GL accounts maintained on an ‘open item’ basis and in all customer/vendor accounts. The clearing can either be manual or automatic. … Read More

Letter of Credit

Letter of Credit – SAP

This article describes the Letter of Credit (LC) configuration and how to create a financial document.

Letter of Credit Configuration

IMG Path: Sales & Distribution >> Foreign Trade / Customs >> Documentary Payments >> Basic Settings 

1. Define Financial Document Read More

How to Copy GL Master from One Company Code to another Company Code

You can use OBY2 to copy the GL accounts from one company code to the other company code.

2 nd option.

You can go through IMG-Financial acc- G/L A/c- Master data- G/L A/c creation with reference and create G/L accounts … Read More

Batch Input Session

Processing the Batch Input Session (SM35)

Batch Input Session (SM35)

The data created by the map has been transferred from the PC to the application layer. Also, a batch input session has been created for the.txt file now residing on the application server. Now you … Read More