Introduction A comprehensive guide to leading ledger selection in SAP S/4HANA Cloud, Public Edition system, accounting principles play a vital role in ensuring accurate financial reporting. This article aims to provide you with a clear understanding of how accounting principles are defined within the system, particularly when reporting in multiple accounting principles. We will focus....
Objective Singapore law permits corporates and legal entities to change their reporting and local currency to USD instead of SGD. It has been a popular exercise, which is in practice by several corporates as they keep USD as their primary reporting currency in Singapore. When these corporates/ legal entities want to implement S/4HANA Public Cloud....
Central Finance allows you to replicate the clearing relevant data of documents. This will let you monitor the clearing state of documents from various source systems all in your Central Finance systems. It is also a prerequisite for activating Central Payment. By activating the function, the following data will be replicated: AUGDT: Clearing Date AUGCP:....
This blog will help you understand overall purpose and processes of Discounting of Long-Term Assets and Liabilities in S/4HANA Public Cloud. It will explain in detail about the importance, configurations, master data update and process execution itself. Key Points What Is Discounting? Discounting is the process of determining the present value of a payment that....
With this post I continue the series of blog posts on the functionalities around bank statement & payment program. This post describes a variation of the payment process, where the payment program does not generate payment postings, only a payment order. The post describes the end-to-end process as well as the required customizing in the....
Purpose of this Document This document will help you understand all the available types of Chart of Accounts in S/4HANA Public Cloud (Cloud ERP) how they are managed in the system. What types of Chart of Accounts are available in S/4HANA Cloud Operating Chart of Accounts (YCOA) Group Chart of Accounts (YGR1) Alternative/Local Chart....
This blog post is part of Business Partner blog series. See the previous 2 blogs related to BP-handling topics: 1. How to synchronize KNVK for other relationship types than ‘Contact Person’ 2. How to create a BP Role with Company and Sales/ Purchasing view Standard view of BP search result When you find a Business Partner....
In Most of the projects there are requirements to have extensibility to SAP Central Finance. In this blog we will discuss only SOME of them. Of course it changes per customer per project based on the business requirements, but here are some common one which I used in almost all the projects Extensions/Enhancements we will....
Here is a small post that explains how to reset the interest run in SAP. The post will explain the details for both SAP ECC system and S4 HANA. If you’re interested in the topics around interest calculation, please also check my other post about enhancement of the menu in transaction FINT. Reversal in SAP ECC Interest....
The following process will shed light on How to Clear Stolen or Damaged Stock from In Transit Stock. Problem Statement: The issue is that when businesses transfer intra company stock, some stocks has been stolen or damaged in In-Transit and that stock shows in the system under In-Transit report (MB5T). After sometimes such type of....
The Payment Medium Workbench (PMW) is a tool used to configure and create payment media sent by organizations to their house banks. These payment files, popularly called DME files, are replacing traditional SAP programs for generating electronic payment instructions. SAP has pre-delivered several country-specific formats which can be further customized according to the requirements of....
Peru Financial Accounting I’m pleased to share with you the recent updates to the Peru Purchase Ledger report (Registro de Compras) for SAP ERP Central Component (ECC). These changes were implemented to meet the legal requirements specified by the Peruvian tax authority, SUNAT (Superintendencia Nacional de Aduanas y de Administración Tributaria) in Annex 11 of the Resolution 040/2022 for....
Contabilidad Financiera Perú Me complace presentar las actualizaciones recientes del reporte Registro de Compras de Perú para SAP ERP Central Component (SAP ECC). Estos cambios se implementaron para cumplir con los requisitos legales especificados por la Superintendencia Nacional de Aduanas y de Administración Tributaria (SUNAT) en la Resolución 040-2022. Para obtener detalles legales sobre la Resolución 040-2022 de la....
Application Interface Framework (AIF) is an important and mandatory component when you are working with SAP Central Finance. The data flow from source system to target system passes a stage where the dashboard of successful and failed messages is visible. For SAP Central Finance the name space is = /FINCF To start with the process....
Here is my latest post, where I’d like to share some details about SAP’s functionality. It took me some time to prepare this post and it will take some time to read it through. I hope you will not regret this time. Please also check out my other posts. Introduction Direct debit is a financial transaction,....
with the latest major release 3.0 of SAP S/4HANA Cloud for advanced financial closing (AFC) on January 19th, 2023, the new feature System for Cross-domain Identity Management (SCIM V2) was introduced. Background of this feature In previous releases of SAP S/4HANA Cloud for advanced financial closing (AFC), it was only possible to introduce users and user groups into the system via CSV....
Sometimes, after EBS integration Job, some bank transactions may fall into errors like you can see below: Figure1 After investigation into job spools, you will find the integrated bank transactions. But, you may have difficulties to find errors log for the not integrated ones. Display spool After selection on the approprate bank house bank, the....
Updates to the Sales Ledger with SUNAT Resolution 112-2021 I’m pleased to share with you the recent updates to the Peru Sales Ledger report (Registro de Ventas e Ingresos Electrónico, RVIE) for SAP ERP Central Component (SAP ECC). These changes were implemented to meet the legal requirements specified by the Peruvian tax authority, SUNAT (Superintendencia Nacional de Aduanas y....
Actualizaciones del Registro de Ventas e Ingresos Electrónico (RVIE) Me complace presentar las actualizaciones recientes del reporte “Libro de Ventas” de Perú (ahora llamado Registro de Ventas e Ingresos Electrónico, RVIE) para SAP ERP Central Component (SAP ECC). Estos cambios se implementaron para cumplir con los requisitos legales especificados por la Superintendencia Nacional de Aduanas y de Administración....
Recently, I was working on a requirement to add additional fields into ALV report for transaction FINT and the blog post by Marek Turczynski saved me a lot of time for this task. That requirement was addressed by implementation of the BADI FI_INT_CUS01. Upon further analysis of the BADI interface, I found an interesting extension option, which can be....
In general if Central Finance is to be used only for financial reporting system where all finance operations including open items, payments, clearings etc will remain in source system then tax reporting will also remain in the source systems. However, in an operational Central Finance scenario where CFIN becomes the system of record, tax reporting....
In this blog post, I will try to give you some insights into the scrap value, cut-off value, and memo value in Fixed Asset accounting. In certain countries it is a legal requirement that assets must not be fully depreciated; depreciation should stop when a certain net book value is reached. There are various options....
To help you better understand the structure of generic payment formats CGI_CT and CGI_DD, we have created an excel file that covers the mapping of all reference fields in the generic and country-specific CGI trees. Reference fields are used to extend the capabilities of the standard fields. You can find the excel file in this SAP....
Product Costing is the tool used in SAP for planning costs and establishing material prices. It helps in estimating the Cost of goods sold for each product unit. Product Cost planning involves planning the costs for materials without reference to orders and set prices for materials and other cost accounting objects. It consists of creation....
This document will help functional consultant to create screen variant/transaction variant and achieve the business requirement without the support of technical team. This document aims to identify and describe all steps associated with the screen variant & transaction varaints. In addition, This document will help functional consultant who want to explore the possibility by screen....
This blog talks about Cross-System Process Control (CSPC) – why is it important, high level Implementation steps and more onto troubleshooting the CPCS token issues. When using Central Payment in a Central Finance scenario, you run payment and clearing activities in the Central Finance system. Invoices are replicated from a source system to the Central....
This is my first blog I am contributing to the SAP world. Since I started my SAP career, I believe SAP community has given everyone vast space to learn and explore new things in the SAP world. My sincere thanks to those who contribute and share their experience and knowledge to make others’ life easy....
Hello Everyone, The following process will shed light on how to Restrict to Create Duplicate ERS Invoice by using Transaction Code – MRRL. Problem Statement: The problem is that duplicate ERS invoices are produced during business transitions for the same reference# in the account of the corresponding vendor, and as a result, double payments are....
Usually, it is the requirement from most of the clients to do Revaluation of Plant Maintenance Orders at Actual Prices wherever PM Module implemented. In this document, we will cover how to revaluate plant maintenance orders at actual prices and their settlement to relevant cost object. Revaluation of PM Order at actual prices is quite difficult....
ABC SAP Implementation Project will replace some of ABC’s existing legacy applications with SAP. This cutover approach document defines how existing ABC business processes, operations, systems, and data will be transitioned to SAP. It also focuses on both the technical and system processes required to have the SAP production system operational along with the interim....
A typical Business requirement in today’s world is to send certain Finance Outputs via email automatically from SAP as soon as you generate them. In S/4 HANA on-premise (and ECC as well), to be able to achieve this. Here I am sharing the BTE (Business Transaction Event) which can help us to achieve this functionality.....
Purpose This document aims to identify and describe all tasks associated with the project cutover related to SAP Controlling. In addition, This document will be used as a key communication tool to project teams regarding cutover activities. Introduction A number of steps need to be executed in order to deliver a fully operational S/4 HANA....
How to write a user exit for validation and substitution. Sometime there is a requirement which we can achieve only with the help of technical team. Here I am explaining how a functional guy can make some basic user exit and ask ABAP team to write the correct logic. Introduction This document aims to....
Hello Everyone, The following process will shed light on how to remove negative values shown in the Credit Management tables S066 and S067 and as well as shown in Customer Credit Master. Problem Statement: The issue is that negative values are shown in the Credit Management Tables – S066 and S067 – as well as....
I’m pleased to introduce the Leading Note for Peru SAP Document and Reporting Compliance: SAP Note 3206609 – DRC Peru: Leading Note for Reports Implementation In this blog post I’ll explain what a Leading Note is, why I recommend that you use it, and how you can make the most of this new resource. What is a Leading Note? The Leading Note....
In this blog post, I want to show you step-by-step how to use the Custom Function interface to extend the code in the Manage Substitution/Validation Rules app with customer-defined functions, and adapt it to your business needs. To better illustrate the procedure, I’ll provide you with an example implementation. Note: Developer extensibility is only available in SAP S/4HANA Cloud with....
Me complace presentar la Nota Principal para Perú SAP Document and Reporting Compliance: SAP Note 3206609 – DRC Peru: Leading Note for Reports Implementation En esta publicación de blog, explicaré qué es una Nota Principal, por qué recomiendo utilizarla y cómo aprovechar al máximo este nuevo recurso. ¿Qué es una Nota Principal? La Nota Principal para Perú es un nuevo recurso integral....
For sure you have already heard about the SAP S/4HANA Accruals Management? Starting with S4 HANA OP 2021, the Accrual Management provides a new functionality to process deferrals. So far, the processing of prepayments is a typical and manual activity for the Finance users. With this new functionality Finance can achieve efficiency gains and it’s....
In this blog post I will be discussing about “Unplanned delivery costs”, the different ways available to use for different business scenarios and a real-time scenario explaining how to process unplanned delivery costs. Unplanned delivery costs:- Charges that aren’t known at the time of creation of purchase order and are directly entered in logistics invoice....
With every passing project involving SAP I understand that the body of knowledge in finance is still full of areas worth exploration. So here is another blog post on the functionalities related to bank statement in SAP. 1. Introduction Standard SAP system provides a flexible mechanism to configure GL accounts determination for bank statement operations.....
This is my second blog post covering the functionalities around use of account modifications in bank statement and the fourth post on the topics around search string in bank statement. I’ll provide the links to my previous posts related to this topic at the end of this post. 1. Introduction In this blog I’ll explain....
Project WBS Element can collect costs from various MM/PM objects like Purchase Order, Maintenance Order, Service orders etc. and budget can be tracked using Availability Control. I want to explain about, how we can track budget of Employee Payroll expenses using Statistical WBS element. This blog is to purely demonstrate the budget availability control using....
I’m working as a FICO Consultant in Pharma Industry. In this blog post I’m writing about a scenario where I have received more quantity than I’ve ordered for. I’m going to explain how I have handled this scenario in SAP below. Before explaining my scenario in detail, I’d like to give a brief about some....
I’m pleased to introduce the Leading Note for SAP Document and Reporting Compliance, Argentina Value-Added Tax (VAT): SAP Note 3103052 – DRC Argentina Value-Added Tax (VAT): Leading Note for Reports Implementation In this blog post I’ll explain what a Leading Note is, why I recommend that you use it, and how you can make the most of this new resource. What is....
I’m pleased to introduce the Leading Note for Chile SAP Document and Reporting Compliance: SAP Note 3205564 – DRC Chile: Leading Note for Reports Implementation In this blog post I’ll explain what a Leading Note is, why I recommend that you use it, and how you can make the most of this new resource. What is a Leading Note? The Leading Note....
Me complace presentar la Nota Principal para Chile SAP Document and Reporting Compliance: SAP Note 3205564 – DRC Chile: Leading Note for Reports Implementation En esta publicación de blog, explicaré qué es una Nota Principal, por qué recomiendo utilizarla y cómo aprovechar al máximo este nuevo recurso. ¿Qué es una Nota Principal? La Nota Principal para Chile es un nuevo recurso integral....
Introduction I implemented recently as the responsible SAP CO consultant several S/4 HANA projects in various product versions. The latest being S/4 HANA 2021. I found that each subsequent release added important additional functionality towards completing the final vision for Margin Analysis, that is the new account-based CO-PA in the Universal Journal. This blog post should....
Recently I was checking for some options to create ‘Short and Long Descriptions’ for GL Accounts in Transaction FSP0 (Table SKAT) and noticed the MASS Change does not help as the descriptions are not currently available in a language that is required to be updated. MASS Change helps only to change the existing Texts in....
Introduction: The payment run process is an accounts payable process that is used to handle payments to vendors. The process is called an automatic payment program. The automatic Payment Program (F110) is used to clear the open invoices and post the payments against the invoices. F110 is the standard t-code or Manage Automatic Payment Application....
in this blog post we will explain the mandatory knowledge to handle all authorization activity related to creating Fiori catalog and tile group also assign both objects to the authorized user using PFCG Blog content Create Fiori catalog Create new app for any transaction code Create custom Fiori group Assign the catalog to authorization role....
slight variations such as the link to alternative accounts. With the Migration Cockpit, SAP makes your life a lot easier. In this blog, I will explain/demonstrate how to maximize the use of the Migration object modeler to ease your migration process. Migration Cockpit In the SAP S/4HANA environment, one of the most common solutions for....
Hope you all are staying safe and doing good. INTRODUCTION: Last few weeks i was working on a requirement which required CFIN CO posting interface some some additional attribute data from one of the ECC systems. To achieve this requirement we used CFIN BADI in the source system to populate the additional field in the....
As an introduction, I would like to highlight this blog is for fixed asset legacy data migration in S/4HANA (and not for conversion). There are many contents available online for SAP Fixed Asset Legacy Data migration, and this could be one of it. But in this blog, I would like to touch upon multiple points....
In SAP ERP it is possoible to Automate Doubtful Customer Open item transfer and create the corresponding Provision. When Customer Open Item are overdue, the accounting department may want to treat them as a bad debt based on thier own criteria. For this, the account receivable team perform some manual activities to: Do Doubtful Customer....
Welcome to the Part 2 of Universal journal blog series. In this blog, we are going to discuss about the functional impact of ACDOCA in Finance business processes. How several modules have been integrated into single table and reconciled on real time? If you want to read the technical aspects, here is the link to....
Dear finance experts, with the latest incremental release of SAP S/4HANA Cloud for advanced financial closing on January 23, 2022, the access management abilities of the solution were massively enhanced. Background of this update Segregation of duties is a central requirement when it comes to authorization control. It ensures that an individual user doesn’t have the authorization to execute....
In a quest to reduce interest rate manipulation & increase financial transparency, banks and regulators around the world have performed an overhaul of the benchmark interest rates used globally for financial transactions. Corporations and financial institutions have in the past heavily relied upon LIBOR based credit lines, debt/investment contracts & derivatives. As of January 1, 2022....
Source: Eventful People May 17-19 is the Mastering SAP Conference led by Eventful People. I attended two of their conferences last year (virtually, of course) and these conferences come to the closest, in my view, of being in person as possible. Some highlights: SAP’s. Janet Salmon is the keynote on the Finance side. Janet has written many....
SAP S/4HANA for advanced compliance reporting (ACR) is an evolving framework and so are the legal reports developed on it. Be it regulatory changes introduced by authorities, new features and enhancements, or design and performance related changes and optimizations; notes are released frequently for ACR. In this blog, we provide you a list of resources....
Hello Everyone!! This is my first blog post on SAP community. I would highly appreciate feedback and recommendation in comment box. Introduction: This blog post will not take you through the customizing of foreign currency valuation; instead you will learn one or two things differently. I will be explaining features and functions of FCV in....
Recently I am preparing a demo of 1SG in a Q-system. Due to the fact that 1SG firstly installed in my system before CE1811 release, I met a few errors which blocked the testing process. None of solution could be easily found. Thus I would like to share my findings so save your effort if you....
With SAP S/4HANA 2020 FPS01 SAP has added feature in FI initial load. With classic way it was always you need to run the package of documents and do hit and trial but now it little easy. I will not explain much in theory rather take you directly to SAP screens. See how Please note to....
As per the budget 2021, government has inserted new sections: TDS u/s 194Q on purchase of goods of the value or aggregate of such value exceeding 50 Lakh INR in any FY shall at the time of credit of such sum to the account of the seller or at the time of payment thereof by....
The VAT Declaration (MX_VAT_REP) report is one of the legal requirements that companies are asked to submit to SAT (legal authority) in Mexico. To run this report with Advanced Compliance Reporting (ACR), you need to go through some configuration settings that are specific to the report. In this blogpost, you’ll learn what are the configuration settings required....
Agility has become an increasingly important and more meaningful word for Finance, alongside other key words Responsiveness and Resilience, as I discussed in my earlier blog post concerning the impact of recent events on FP&A professionals. And while agility has been a word associated with Finance for some time, the events of the last year have placed....
In any projects, testing is one of the key component and quality of testing defines the success rate during and post go live largely. In this blog, the discussion is focussed on how to plan the test strategy in Central Finance project. It is important to understand that Central Finance projects are different from....