Changing Asset Management Fiscal Year

A change in the asset management fiscal year is required to open asset postings for the new year. Therefore, this transaction is an integral part of the Year-end Close procedure in asset management. The program prepares the database to accept records for the new year.

From the point of view of the system, a fiscal year change is the opening of a new fiscal year for a company code. At the fiscal year change, the asset values from the previous fiscal year are carried forward cumulatively into the new fiscal year. Once the fiscal year change takes place, you can post to assets using value dates in the new fiscal year. At the same time, you can continue to post in the previous fiscal year. Read more

A Complete SAP FICO User Guide

This is a comprehensive FI/CO User Guide which you will also find detailed step by step procedures for the topics of Accounts Payable, Accounts Receivable, Bank & Cash Transactions, Fixed Assets, Country India Version ( TDS , Service Tax , Excise, Sales Tax ), MM Integration, SD Integration, Reversals & Editing Documents, Reports & Balances, Dunning Process, Controlling & Costing, Month End Activities, Year End Activities, Planning, Travel Management, Investment Accounting, Tips for Effective Usage of SAP and so on.. Read more

A Comprehensive Guide to SAP Netweaver Visual Composer

SAP NetWeaver Visual Composer provides robust functionality for the code-free development of dashboards, cockpits, and rich user interfaces, and also for tuning the performance of the SAP NetWeaver Business Intelligence (SAP NetWeaver BI) queries that supply the data.Key benefits of Visual Composer;

  • Provides a code-free,freestyle modeling environment for rapid application development
  • Enables creation of composite views that can be used as standalone applications or as part of larger composite applications
  • Enables users without specialized software programming skills to easily model business applications

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Purpose of Defining Internal Orders

An example would help us understand this much better.
Lets say in an organization there are various events such as trade fairs, training seminars, which occur during the year. Now lets assume for a second that these Trade fairs are organized by the Marketing cost center of the organization. Therefore in this case marketing cost center is responsible for all the trade fairs costs. All these trade fairs costs are posted to the marketing cost centers. Now if the management wants an analysis of the cost incurred for each of the trade fair organized by the marketing cost center how would the marketing manager get this piece of information across to them? The cost center report would not give this piece of info Read more

Segments and Cycles

A ‘Segment’ is one processing unit required to complete an automated allocation of distribution or assessment or reposting of planned/actual costs in controlling in SAP. A segment is made up of (a) allocation characteristics—to identify the sender/receiver, (b) values of the sender—plan/actual, type of costs to be allocated, and (c) values of the receiver—the basis for allocation, for example, the tracing factor such as SKF, percentages, etc. Read more

SAP Quick Reference Bundle

Here is an another complete quick references sheet that will be useful. You will get every bits of details and explanations in this document for the following topics;

SAP User Menu Screen Quick Reference
Frequently Used Buttons – Quick Reference
SAP Matchcode Quick Reference
Create Journal Voucher Quick Reference
Journal Voucher Upload Quick Reference
Approving Requisitions Quick Reference and more…

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Accelerate Closing Operations With New General Ledger

In period-end closing, a company compiles information at the end of a fiscal period. Many departments of a company contribute to closing information as well as use the information for strategic purposes, so coordinating this effort in a way that ensures it can be accomplished quickly and the information put to best use is a challenging task. For every company it is an ultimate goal that the period-end close run smoothly and provide the basis for the company’s financial and management reporting. Achieving this objective has two aspects. The first is to manage the organization of people, accountability of the closing tasks, and communication. The second is to eliminate error-prone and time-consuming tasks. mySAP ERP offers new functions and a simplified data structure to achieve both. Read more