31 Steps to Purchasing Management
Contents:
Step 1: Define a Company
Step 2: Define Company code
Step 3: Assign Company code to Company
Step 4: Define a Plant
Step 5: Maintain Purchasing Organization
Step 6: Maintain Storage Location
Step 7: Assign Plant to Company code
Step by Step Guide to Upload New Customer Master Record With LSMW
From the material;
The LSM Workbench is an R/3-based tool that supports you when transferring data from non-SAP systems (“Legacy Systems”) to R/3 once or periodically.
The tool supports conversion of data of the legacy system in a convenient way. The data can then be imported into the R/3 system via Batch input, Direct input, BAPIs or IDocs. LSM Workbench provides a recording function that allows to generate a “data migration object” in an entry or change transaction. Through LSMW, we can upload Master Data and Transaction Data.
Transaction: FTXP
This area gives you a step by step explanation on “how to create a tax code in SAP”. Later on these tax codes must be used in the creation of condition tables such as for MWST.
1 Execute Report for InterCompany Activity & Journal Entries
2 Open posting period for next yr
3 Run Business Area’s Assignment report.
4 Review list of recurring journal entries
5 Execute Recurring Entries for A/R, A/P, G/L
6 Process Parked A/R, A/P, G/L accounting documents
7 Final Cutoff for the Maintenance of Fixed Asset- Add Transfer and Retire
1. In SAP you will always get integration with other modules.
SD will interact with FI,
MM will interact with SD :-
1a. Looking at MM and SD interaction first, take the scenario of a
third party order process.
This process uses a PO (which is sent to your vendor)
Also invoice verification is used further along the process to check
that the invoice you send to your customer is the same material
and quantity as that which the vendor sends to you
(but obviously shipped directly to your customer).
What are posting Keys and How are they used while making postings?
Posting Keys are defined at Client Level.
Posting keys determine whether a line item is a debit or credit as well as the possible field status for the transaction. In this context, it is essential to understand the factors that determine the field status of a transaction. The field status within a FI document is controlled by Accout Type, field status of Posting Key and the field status of the G/L account.
Definition
The fiscal year variant contains the number of posting periods in the fiscal year and the number of special periods.
You can define a maximum of 16 posting periods for each fiscal year in the Controlling component (CO). To define the fiscal year variant, go into Customizing for Financial Accounting (FI) under Financial Accounting Global Settings ® Fiscal Year ® Maintain Fiscal Year Variant.