SAP CO: Accrual Calculation

SAP CO: Accrual Calculation

The accrual basis of accounting is important to produce accurate financial statements and reflect financial position of the company. It’s a principle of accounting which records expenses or revenues when they are consumed or earned and not when they are paid or received in cash. GAAP (Generally Accepted Accounting Principles) Read more…

Interest Calculation with Invoicing

Interest Calculation with Invoicing

Outstanding, open receivables and cash security deposits for the contract account can be charged interest in invoicing. The interest documents of source key Int. Doc. Invoicing (29) (interest document invoicing) are created in invoicing. The posting documents contain the posting date, document date and due date of the bill. In the print Read more…