Currency Types in SAP

There are 5 types of currency in SAP r/3 system.

1. Group Currency: You define Group Currency when you define Client (SCC4)
2. Global Company Currency: You define Global Company Currency when you define Company that is assigned to your company code.

3. Hard Currency: YOU define Hard Currency when YOU define the Country that your Company code assigned to. A hard currency is used in countries with high inflation. Read more

Advantages in New General Ledger

Advanstages in new general ledger are:

1. The new General Ledger in mySAP ERP 2004 has the following advantages over the classic General Ledger in R/3 Enterprise:
a) In the new General Ledger, you can display the parallel accounting using parallel accounts (as in R/3) or using parallel ledgers. The FI standard functions and reports are available for all parallel ledgers.
b) The ‘Segment’ entity and the relevant reporting that are required for segment reporting according to IAS and U.S. GAAP are available in the new General Ledger. Read more

SAP Controlling Tutorials from SAP Help

Cost Center Accounting (CO-OM-CCA)
Cost Center Accounting (CO-OM-CCA)
Personnel Cost Planning
Product Cost Controlling Information System (CO-PC-IS)
Internal Orders (CO-OM-OPA)
Distributed Profitability Analysis (CO-PA)
Profitability Analysis (COPA)
Profit Center Accounting (EC-PCA)

SAP Financials Tutorials from SAP Help

 FI Accounts Receivable and Accounts Payable
 
Financial Accounting (FI)
 
Financial Accounting (FI)
 
Financial Accounting – General Topics
 
FI Financial Accounting: Data Transfer Workbench
 
Financial Information System (FI)
 
FI/SD – Credit Management/Risk Management
 
FI – Special Purpose Ledger
 
Flexible General Ledger (FI-GL) Read more

Step by Step Guide to Cash Journal Configuration in SAP

This is complied for understanding of basic concepts of cash journal configuration with steps of:

  • Creating Cash Journal (T. Code FS00)
  • Define Document Types for Cash Journal Document (T. Code OBA7)
  • Define Number Range Intervals for Cash Journal Document (T Code FBCJC1)
  • Setup Cash Journal (T Code FBCJCO)
  • Create Business Transactions ( T. Code FBCJC2)
  • Cash Journal Entry ( T Code FBCJ)

Read more

Conceptual Design Of Accounts Receivable & Accounts Payable

This is a quick guide to concept of SAP FI Accounts Receivable and Accounts Payable. See below content of this material;

  • Accounts Receivable Customer Master Records
  • Accounts Payable Vendor Master Records
  • Payments
  • Receipts
  • Terms of Payment
  • Tolerance Groups
  • Dunning
  • Down Payments
  • Special G/L Transactions

Read more

Account Receivable Basics

SAP R/3 has a dedicated module FI-AR which is specialized to maintain the accounts receivable sub-ledger of the FI-GL General Ledger. The accounts receivable module stores its own master data, transaction data and has its own reporting system. One important point is that both the general ledger and the AR sub-ledger use the same chart of accounts. Similarly, the master records are also shared with GL. As a concept, every transaction creates an SAP document. Read more