Sachin H Patil

FICA : Contract Accounting – Integration FI-CA and Funds Management

June 29, 2019
Sachin Patil

How could you use the FM-integration? The standard Funds Management integration in Contract Accounts Receivable..

April 14, 2018
Sachin Patil

In fabric architecture, every node will have a corresponding ‘Peer’ in the network. Consider two..

April 14, 2018
Sachin Patil

Hyperledger Fabric is a blockchain framework implementation initially developed by Digital Asset and IBM and..

April 14, 2018
Sachin Patil

The diagram below represents application communication viewpoint at key building blocks of Hyperledger Fabric 1.0 architecture: Figure 1. hyperledger..

September 8, 2017
Sachin Patil

These responses to FAQs are intentionally simplified. If you are seeking more detailed information we..

September 8, 2017
Sachin Patil

Saudi Arabia and the United Arab Emirates that make up GCC - are committed to..

September 8, 2017
Sachin Patil

WHAT IS VAT? A comprehensive levy on all goods and services: Transaction based tax borne..

July 30, 2017
Sachin Patil

SAP CO Profitability Analysis is used to analyze the market segments classified as products, customers,..

July 30, 2017
Sachin Patil

SAP CO Product Costing module is used to find the value of internal cost of..

July 30, 2017
Sachin Patil

Important Tables in SAP CO AUSP Characteristic Values MANDT / OBJEK / ATINN / ATZHL..

July 30, 2017
Sachin Patil

Go to SPRO → SAP Reference IMG → Controlling → Profit Center Accounting → Assignments..

July 30, 2017
Sachin Patil

Go to SPRO → SAP Reference IMG → Controlling → Profit Center Accounting → Assignments..

July 30, 2017
Sachin Patil

To post to a Profit Center, use the T-code FB50. It will take you to the following..

July 30, 2017
Sachin Patil

An internal order is used as an interim collector of costs and is used for..

July 30, 2017
Sachin Patil

SAP CO internal order monitors the parts of the costs and in a few cases,..

July 30, 2017
Sachin Patil

To post to a cost center, use the T-code FB50. It will take you to the following..

July 30, 2017
Sachin Patil

Periodic reposting in SAP is one of the allocation methods and it is a month-end..

July 30, 2017
Sachin Patil

The accrual basis of accounting is important to produce accurate financial statements and reflect financial..

July 30, 2017
Sachin Patil

SAP direct activity allocation is used in the cost center accounting sub module of SAP CO which..

July 30, 2017
Sachin Patil

Sometimes, it may happen that we input wrong cost center instead of the correct one...

July 30, 2017
Sachin Patil

Normally, when a financial document is entered in SAP FI module, user has the option of..

July 30, 2017
Sachin Patil

SAP profit center is part of Controlling module of SAP and is used for internal reporting and..

July 30, 2017
Sachin Patil

SAP statistical key figures are used as the tracing factors or basis for assessments in SAP..

July 30, 2017
Sachin Patil

SAP activity type is the classification of activities that are produced in cost centers in a controlling..

July 30, 2017
Sachin Patil

SAP Cost Elements are important objects that help users to analyze or reconcile costs between Financial..

July 30, 2017
Sachin Patil

Create Cost Center Master Data Let’s see how to create cost center master data in..

July 30, 2017
Sachin Patil

SAP Controlling (CO) offers information to decision makers for planning, measuring and monitoring enterprise’s operations and..

July 30, 2017
Sachin Patil

SAP Controlling (CO) is another important SAP module offered to an organization. It supports coordination,..

June 18, 2017
Sachin Patil

DME: Data Medium Exchange. A data medium exchange (DME) is a data exchange file which..

June 3, 2017
Sachin Patil

Index if Configuration Covered: Copy Reference Chart of Depreciation/Depreciation Areas (S_ALR_87009194) Assign Chart of Depreciation..

June 1, 2017
Sachin Patil

SAP debit balance check is a program that is run to check all vendor accounts..

June 1, 2017
Sachin Patil

SAP Payment Medium Workbench (PMW) is a method used to print payment media during SAP..

June 1, 2017
Sachin Patil

To access the automatic payment program screen, you need to enter transaction code F110 or..

June 1, 2017
Sachin Patil

SAP payment program configuration menu is made up of six basic items. Configuration is done..

June 1, 2017
Sachin Patil

SAP Payment run process gives companies a convenient, simple and effective way to pay their..

May 28, 2017
Sachin Patil

Contract accounts receivable and payable (FI-CA) is a type of subledger accounting that is tailored..

May 27, 2017
Sachin Patil

Transfer data from legacy system to SAP via IDOC using LSMW tool. TCODE: LSMW Click..

May 27, 2017
Sachin Patil

LSMW (Legacy System Migration Workbench) LSMW is a standard tool provided by SAP. Normally, LSMW..

May 27, 2017
Sachin Patil

Majorly used Transaction codes in abap: SE01 – Transport Organizer (Extended view) SE03 – Transport Organizer..

May 27, 2017
Sachin Patil

A step by step guide for how to invoke a web service from SAP. There..

May 22, 2017
Sachin Patil

Integrated Business Planning for Finance (IBPF) function in Simple Finance allows to perform financial planning..

May 22, 2017
Sachin Patil

You can also integrate Simple Finance Integration with Cash Management, Cash Operations, Bank Account Management,..

May 22, 2017
Sachin Patil

Use Transaction code FAGL_EHP4_T001B_COFI or navigate as mentioned in Period Lock under FI. Enter Pstng..

May 22, 2017
Sachin Patil

In SAP Accounting CO relevant postings do not check only the CO Period Lock as..

May 22, 2017
Sachin Patil

With the use of Profitability Analysis, it provides the organizations with profitability related information on..

May 22, 2017
Sachin Patil

In Simple Finance, Management accounting deals with Controlling and Enterprise Controlling modules. Financial Accounting deals..

May 22, 2017
Sachin Patil

You can create a default account assignment for any cost element using Transaction code OKB9...

May 22, 2017
Sachin Patil

In SAP Asset Accounting, it is required to remove an asset partially or completely from..

May 22, 2017
Sachin Patil

In SAP Simple Finance, you can create a new asset under Asset Accounting. An asset..

May 22, 2017
Sachin Patil

Asset Accounting in Simple Finance is used for monitoring of assets in SAP system. In..

May 22, 2017
Sachin Patil

In SAP Simple Finance, you can use multiple ledgers in parallel. Ledgers are used to..

May 22, 2017
Sachin Patil

In SAP Simple Finance, only primary cost elements have an associated G/L account. Secondary cost..

May 22, 2017
Sachin Patil

You can create a Primary cost account in updated G/L account maintenance transaction. In SAP..

May 22, 2017
Sachin Patil

In SAP Simple Finance, G/L accounting is used to ensure financial data and statements are..

May 22, 2017
Sachin Patil

You can do manual posting of cost in SAP Simple Finance and display the results..

May 22, 2017
Sachin Patil

You can also migrate to the latest version of Simple Finance Add-On when you are..

May 22, 2017
Sachin Patil

SAP S/4 HANA provides various flexible reporting options. You can select between different reporting options..

May 21, 2017
Sachin Patil

To have a parallel accounting using multiple ledgers we have to use following configuration activity...

May 21, 2017
Sachin Patil

There cases where you have to do intercompany postings. This will happen in cases where..

May 21, 2017
Sachin Patil

In this configuration activity you have to define account determination when you have integration between..

May 21, 2017
Sachin Patil

In this configuration activity you are able to define a rules by which the CO..

May 21, 2017
Sachin Patil

Having already an Integration Variant, you should now assign it to a Company Code. You..

May 21, 2017
Sachin Patil

This transaction is necessary when you want to have a real-time integration flowing from the..

May 21, 2017
Sachin Patil

In this transaction you are defining Leger Groups. They are necessary when you want to..

May 21, 2017
Sachin Patil

In this transaction you could see the fields which will be updated based on the..

May 21, 2017
Sachin Patil

In this transaction you are able to assign scenarios and customer fields to ledgers which..

May 21, 2017
Sachin Patil

You could define additional currencies for the leading ledger in New GL. This could be..

May 21, 2017
Sachin Patil

In the following transaction you are able to define additional ledgers which could be used..

May 21, 2017
Sachin Patil

New General Ledger is functionality coming with SAP ERP 6.0 onward. It is an important..

May 21, 2017
Sachin Patil

Here you are able to define the tax calculation percentages based on combination of tax..

May 21, 2017
Sachin Patil

In this transaction you are able to assign country to a tax calculation procedure. There..

May 21, 2017
Sachin Patil

SAP is coming with tax procedures for every major country, but there could be cases..

May 21, 2017
Sachin Patil

In this transaction you should assign tax codes which will be used for non-taxable transactions...

May 21, 2017
Sachin Patil

There are cases where users will get messages which will prevent them from processing a..

May 21, 2017
Sachin Patil

If you already have a specific tolerance group, in the following transaction you are able..

May 21, 2017
Sachin Patil

Tolerance Groups are used to define different control amounts which apply to maximum amount of..

May 21, 2017
Sachin Patil

Document Change Rules for Line Items will help you to control which field will be..

May 21, 2017
Sachin Patil

Document Change Rules are helping when you want to define fields which should be maintainable..

May 19, 2017
Sachin Patil

French researchers said on Friday they have found a last-chance way for technicians to save..

May 19, 2017
Sachin Patil

Apple is said to introduce new MacBook models next month. They'll probably have new Intel..

May 19, 2017
Sachin Patil

A new Blockchain-as-a-Service (BaaS) product has been launched by SAP at its annual Sapphire event..

May 19, 2017
Sachin Patil

It wasn't a year of blockbuster announcements. Instead, SAP is taking the first steps towards..

May 17, 2017
Sachin Patil

5 things we learned from WanaCryptor, the biggest ransomware attack in internet history On Friday,..

May 17, 2017
Sachin Patil

May 12th 2017 saw the biggest ever cyber attack in Internet history (yes, bigger than..

May 12, 2017
Sachin Patil

Let’s define the format for SMS output events that will be sent to your billing system from..

May 12, 2017
Sachin Patil

There are two objects in SAP CC that needs to be configured to pass information..

May 12, 2017
Sachin Patil

Create a new Refill Plan called ‘[T01] Prepaid Card Refill Plan’ for the ‘[T01] ‘..

May 12, 2017
Sachin Patil

Create a new Refill Logic object called ‘[T01] Prepaid card refill logic’. Select File->New->Refill Logic..

May 12, 2017
Sachin Patil

A Refill Record Class functions exactly the as Charged Item Class. It contains the output that..

May 12, 2017
Sachin Patil

Create a new Refill Item Class called ‘[T01] Prepaid card’ for the [T01] Catalogue. In..

May 12, 2017
Sachin Patil

The Refill object is design to handle prepaid Charges such as recharge or top-ups. By..

May 12, 2017
Sachin Patil

There are two examples of Master Data in SAP CC. The Subscriber Account and the..

April 30, 2017
Sachin Patil

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February 25, 2017
Sachin Patil

Content will be Updated soon...

February 25, 2017
Sachin Patil

SAP ISU Basics for Beginners: [pdf-embedder url="http://sachinhpatil.com/wp-content/uploads/2017/02/My-IS-U-Basics.pdf" title="My-IS-U Basics"] SAP ISU Certification Sample Questions:..

November 12, 2016
Sachin Patil

How could you use the FM-integration? The standard Funds Management integration in Contract Accounts Receivable..

November 12, 2016
Sachin Patil

The integration FI-CA and General Ledger Accounting enables the periodic update of the General Ledger from..

November 12, 2016
Sachin Patil

Receivables can marked as doubtful and it is possible to make value adjustments (IVA) where appropriate in..

November 12, 2016
Sachin Patil

The functionality Open Item List gives you an overview of the receivables outstanding from your..

November 12, 2016
Sachin Patil

Worklists and work items are useful to assign activities like a phone call to a..

November 12, 2016
Sachin Patil

In addition to managing your own receivables, you can use the FI-CA component Revenue Distribution..

November 12, 2016
Sachin Patil

The functionality Inbound Correspondence is used to determine the due date by which a business..

November 12, 2016
Sachin Patil

For event-based deferred revenues, neither the time nor amount for revenue recognition is known at..

November 12, 2016
Sachin Patil

Generally revenues are posted when a receivables document is posted. These revenues become effective for..

November 12, 2016
Sachin Patil

During the transfer of open items, the system clears the selected items and posts them to..

November 12, 2016
Sachin Patil

With the function Reset Clearing you can reset an already posted clearing document. The Reset Clearing is..

November 12, 2016
Sachin Patil

With the function Reverse Document you can reverse already posted documents. Transactions/Programs Transaction Description FP08 Reverse..

November 12, 2016
Sachin Patil

With Postings and documents you can enter business transactions in Contract Accounts Receivable and Payable...

November 12, 2016
Sachin Patil

You can write off open receivables and credits of business partners. Write-offs are required if..

November 12, 2016
Sachin Patil

Installment plan can be used to arrange payments by installments for business partners who cannot..

May 9, 2022
Sachin Patil

Contract Accounts Receivable and Payable is a subledger developed for industries with a large customer base..

February 7, 2022
Sachin Patil

The SAP Activate implementation methodology consists of a set of tools, templates and processes to..

August 6, 2017
Sachin Patil

SAP IS-U is SAP's Industry Specific Solution for Utilities Industry. It is also referred to as..