SAP is an ERP package, which is used in many companies worldwide.The full form for SAP is System Application Products in Data Processing. The product is German in origin. we can see the SAP Overview of major sap modules include financial accounting-FI,Production planning-PP,Sales and Distribution-SD,Controlling (costing)-CO,Materials management (MM) and Human Resources (HR).
The full form of ERP is Enterprise Resources Planning. Previously companies used to do MRP i.e. Material Resource Planning. ERP is the up gradation of the same. The need for ERP arose due to lack of proper / common database available for all the functions in an organization.
This article describes the Letter of Credit (LC) configuration and how to create a financial document.
IMG Path: Sales & Distribution >> Foreign Trade / Customs >> Documentary Payments >> Basic Settings
1. Define Financial Document … Read More
Exchange Rate configuration: R/3 all Forex Rates updated using the TCode: OB08. This is required for passing Forex Transactions, Forex Valuation and Forex Translation.In general to update Forex Rates in TCode: OB08, a background job with a Customized program is … Read More
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
Table V_T52EM
Transaction Code SPRO
Menu Path IMG -> Payroll India -> Reporting for Posting Payroll Results to Accounting -> Activities in the HR System -> Employee Grouping and Symbolic Accounts -> Define … Read More
SAP recommends that you used EC01 to copy an existing sap company code to a new one. This has the advantage that you also copy the existing company code-specific parameters. If necessary, you can then change certain data in the … Read More
SAP workflow, as the name suggests, means ‘FLOW OF WORK’ from one person to another person. It is, in fact, a sequence of connected activities, resulting in exchange of information.
The following factors need to be considered to decide whether sap workflow should be used for the business situations.
1. Human factor: SAP workflow is more appropriate for the automation of business processes which involve people. As discussed … Read More