What is Rebate Processing in SAP SD?
The rebate processing in sap is a discount given to the customer retroactively. This discount is based on the sales volume over a specific period of time.
Rebate can be independent of sales volume also.
SAP FICO (Financial Accounting and Controlling)
Definition or Meaning- What is SAP FICO?
SAP FICO stands for (Financial Accounting and Controlling), SAP Financial Accounting and Controlling module can be integrated with all other SAP modules include Material Management, Sales and distribution, Production planning, Human resource Management, Material Management etc.
The SAP FI Module has the capability of meeting all the accounting and financial needs of an organization. It is within this module that Financial Managers as well as other Managers within your business can review the financial position of the company in real time as compared to legacy systems which often times require overnight updates before financial statements can be generated and run for management review.
The real-time functionality of the SAP modules allows for better decision making and strategic planning. The FI (Financial Accounting) Module integrates with other SAP Modules such as MM (Materials Management), PP (Production Planning), SD (Sales and Distribution), PM (Plant Maintenance), and PS (Project Systems).
The FI Module also integrates with HR (Human Resources) which includes PM (Personnel Management), Time Management, Travel Management, Payroll. Document transactions occurring within the specific modules generate account postings via account determination tables.
SAP FICO Financial Accounting and Controlling Module is a combination of two ERP modules, i.e., Finance Accounting (FI) and Controlling (CO) and this FICO module is used in financial fields to generate analytical reports.
This Tutorial for beginners explains what SAP FICO. This Online Tutorial gives brief understanding of SAP Financial Accounting and Controlling module concepts and with examples,
What is Country ISO Codes in SAP?
In an SAP System, ISO codes are currently supported for language, country, currency, and unit of measure fields.
If you use one or more of these fields in your BAPI you have to make two fields available for each … Read More
What is Excise invoice in SAP?
Excise invoice in SAP : A business document that is issued by your vendor to accompany any goods that it sends you. It stipulates how much excise duty has been paid on the goods.You can capture and post excise invoices … Read More
What is Dunning Procedure in SAP?
(Dunning Configuration is not designed. This may be configured basing on the client’s credit policy whenever required and basing on the following documentation.)
Define Dunning Areas
In this step, dunning areas can be defined. Dunning areas are used if several … Read More
Step by Step Asset Accounting Configuration
Asset Accounting is an important module in SAP and manages assets of an organisation by master records. Asset accounting is a sub ledger to the SAP FI module for managing the Asset records.
Asset Accounting Step by Step configuration
… Read More
What is Closing Procedures in SAP FI (Financial Accounting)?
SAP Modules has its own period-end and year-end closing procedures. FI (Financial Accounting) is one such module, which lets the user keep more than one period open at the same time. FI is an on-line system that continuously and completely … Read More
What is the difference between Simple and Automatic Credit Check Types?
Explain in detail difference between simple and automatic credit check types. In automatic check, difference between static and dynamic checks.
Simple Credit Check
Transaction code : FD32
It Considers the Doc.Value + Open Items.
Doc.Value : Sales Order Has been … Read More