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clearing in Local currency

SAP Clearing in Local Currency

SAP Clearing in Local Currency

Transaction OBY6

 

Effect of clearing in Local currency : Purchase USD 1000 at 1 USD = 2 SGD.

The accounting entry in Local Currency is
Purchase account Dr 2000
Vendor account CR 2000

Paid … Read More

Duplicate invoice check

How duplicate invoice check works – SAP

In SAP FI module, when checking for duplicated invoices, the SAP system compares the following:

  • Vendor
  • Currency
  • Company code
  • Gross amount of the invoice
  • Reference document number
  • Invoice document date.

SAP OSS Note 305201 clarify this in a more … Read More

Interest calculation

Interest Calculation Process in SAP

First the program identifies the items on which Interest calculation is to be calculated according to the rules defined in the interest indicator, and any additional specifications you make when executing the program. The rules you enter determine the items … Read More