Material Ledger Multiple Currency: The system stores valuation data for a material in its material ledger in up to three currencies. You specify in which currencies the system stores this valuation data in Customizing for Valuation and Account Assignment.
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Profit center accounting is generally is not the regular core component of controlling. It is a part of Enterprise Controlling. The main purpose of Profit center accounting is providing the opportunity to analyze and report to the management regarding internal … Read More
SAP Down payment are treated as special general ledger transactions in sap. The down payment transactions will be stored in the vendor account with special general ledger indicator. The corresponding entry will be posted in alternative reconciliation account number.
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General Ledger Planning can be done for general ledger wise in financial accounting exclusively. For that purpose we have to define the plan periods for the variant.
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Tax Accounts are exclusively used as tax accounts. The collected tax will be credited into these accounts. While determining these accounts we have to specify the Tax type allowed. Accordingly only the system allows the relative tax type transactions … Read More
The application component in financial accounting is accounts payable and accounts receivables. The longevity of an organization more or less will depend on their abilities to manage the accounts payable and receivables of the organization. There is no organization … Read More
Special GL transactions (G/L) is transactions that are not normal business transactions with your business partners. These are generally shown in different control ledgers and are not grouped with the normal transactions. They include bills of exchange, down payments, bank … Read More