The goal of this blog post is to introduce the following updates on payment medium files downloaded from the Manage Payment Media app: viewing hash algorithm and hash value   defining custom naming rule Based on the best practice experience, I’ll describe the step-by-step process of how to define custom naming rule for payment medium files with an example.....

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....

Objective If you have a requirement to keep your group accounting principle other than IFRS & USGP (USGAAP) accounting principles in S/4HANA Public Cloud, then this blog is for you only. It will outline how to achieve the said requirement Cloud ERP. I also found that details and documentation not available anywhere. It will be....

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....

Hope you are well and enjoying the lovely summer weather ( in northern hemisphere at least) ,  I wanted to write a follow up from the previous blog which was a very short introduction on SAP S/4HANA Public cloud. https://blogs.sap.com/2023/05/11/sap-s-4hana-public-cloud-blog-series-article-1/ Now in the second blog we would like to look at what I personally feel....

This blog gives you a summary of how the provisioning, and the initial activities are performed in S/4HANA Public Cloud (Cloud ERP) system. While you perform these activities in customer system, kindly follow Project Experience | SAP Help Portal and Roadmap Viewer (sap.com)   3-System Landscape Provisioning   S. No. System Request Process Link Remarks 1 SAP for....

Advanced Foreign Currency Valuation is part of Advanced Valuation in Financial Accounting. Advanced Valuations support you in following accounting standards, for example, IFRS9. The following processes are part of advanced valuation and are realized as job templates in the Schedule General Ledger Jobs app. Post Discounting of Long-Term Assets and Liabilities Advanced Foreign Currency Valuation Post Credit-Risk....

  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....

I keep getting queries on available currencies in S/4HANA Public Cloud, specially about 3rd currency option and its usage. That is why I am putting it here so that other people can also benefit from it. Currency Options in S/4HANA Public Cloud Transactional Currency > Currency Type ‘00’ Transaction Currency is used during the 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....

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 we are going to see How to create CDS view In Rise with SAP Public Cloud 2208 Introduction- SAP Create Custom CDS View SAP Create Custom CDS View can be used to generate the user’s own data access, in case they require access to data in the ERP system which is either....

You are aware of the difficulty it poses if you have ever had to manage projects where you had to create multiple general accounts in SAP S/4HANA Cloud, from choosing the right general ledger account to serve as a reference to defining target accounts to entering descriptions. And it’s all done by manually updating values....

In this blog we’ll see how to Mass create G/L account in Q-System and Then transport the G/L account from Q-System to P-System in SAP Cloud 2208 Edition… In previous version of SAP, there was an option to Create multiple G/L Accounts with Data migration tile, where we can create project and Upload multiple G/L....

End user wants to to enable Liquidity Analysis in One Exposure from Operations in SAP S/4HANA Cloud. Following we will discuss the related scope items and related configuration activities.   Scope:- BFB (Basic Cash Operation). J78 (Advance Cash Operation).   BFB: You can get a midterm liquidity forecast based on incoming and outgoing payments and....

In this blog post, I would like to show you how to adjust the key date for aging analysis (for accounts payable) with more flexibility. I will use an example to demonstrate the process. Business Context Aging Analysis is an app that can be used for displaying payable amount by aging, suppliers, company code, etc.....

In the App Manage Journal Entries for a Journal Entry document we can include the fields Partner Profit Center and Partner Segment from the line items settings button. The fields included are displayed as blank value. We check the same journal entry in the App Display Journal Entry (FB03) GUI based App the field values....

In SAP S/4HANA Cloud asset accountants use the Asset History Sheet to show value changes to the fixed asset balances in a fiscal year for a depreciation area. Some time ago SAP provided the option to add a WBS Element instead of a Cost Center to Fixed Assets as an Account Assignment Object. This WBS....

The goal of this blog post is to introduce the following updates on payment medium files downloaded from the Manage Payment Media app: viewing hash algorithm and hash value defining custom naming rule Based on the best practice experience, I’ll describe the step-by-step process of how to define custom naming rule for payment medium files with an example. Content....

I have seen that some users are still not clear about how plan data import works or how it behaves in SAP S/4HANA Cloud – Finance. For this reason, I am writing this blog post, I would show you an example of a case where the mistake is common. Let’s call this Case X, below I....

Controlling Period End Closing for production companies are the necessary steps each period. There are always questions/incidents raised concerning Controlling Period End Closing. Most of them are How-to queries which can be explained with a KBA or existing help documents. The purpose for this Blog is to collect the frequent questions raised during Controlling Period....

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....

It is a new year and with a new year follows our very new SAP S/4HANA Cloud 2202 release. As always, we bring a large variety of new innovations to our valued cloud customers. These innovations will support your intelligent enterprise and help you to run your business better every day. In this blog post,....

Co-Author: Anil Kumar Wish you a very happy new year 2022!! We are back in 2022 to update you on what’s new in Two-Tier ERP with SAP S/4HANA Cloud 2202 Release. If you missed our innovations in 2021, click here for a recap. Predictive Maintenance with Service Integration With our first scenario innovation, we see how headquarter....

Welcome to release SAP S/4HANA Cloud 2202. In the following please find a number of selected highlights in group reporting, accounting and financial close as well as treasury management including business benefits, capabilities and demos.    Video 1: Release Video for Finance in SAP S/4HANA Cloud 2202   Advanced Valuation Processes Period-end closing is a....

Description One Business Add-In (BAdI) FINS_PAYMENT_LIST_PRINT_ITEM (Payment List Output Item Adaption) is available for adding custom fields to payment list forms. GoalThe goal of this post is to describe the step-by -step process of how to export the custom field and logic in the payment list form, Based on the best practice experience, it will be explained for....

For SAP S/4HANA Cloud, the latest release is always taking the best intelligent Cloud ERP to the next level, powering the customer journey to the Intelligent Enterprise with Innovations in Intelligent Technologies like Robotic Process Automation, Machine Learning, Situation Handling and Analytics. New innovations and broad sets of features prioritized by our clients and partners help to fuel....