SAP Extended Withholding Tax Configuration

Withholding tax is applicable in few countries. Some of the countries which have withholding tax are United Kingdom, Slovakia, Turkey, Argentina, Brazil, Chile, Colombia, Mexico, India, Philippines , Thailand and South Korea. SAP has given an excellent solution to map the withholding tax scenario.

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Product Costing Master Data

Overview:

In this paper it is covered the various master data required for the product costing module.Most of the master data is dependent on Production Planning Module(PP Module).

It is imperative for a Product costing consultant to understand the master data created in Production Planning module and its implications on product costing

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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.

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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.

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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)

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