Home / FIN (Finance) (page 3)

FIN (Finance)

Waste Report

I am not aware of any standard report by SAP on this but if you have worked for a manufacturing client then you might have been asked to create a similar report. It is the report to measure the operational efficiency by calculating quantity and cost of the waste produced …

Read More »

Foreign Currency Valuation Simplified

Please note that the document shows Classical G/L screenshots, but, the concept of Forex calculation is still the same. When we use the Foreign Currency Valuation Run in the month end close process, the exchange loss/gain posted is Unrealized and is reversed at the beginning of the next month. Actual …

Read More »

Error F0250 in F110 transaction

Hi all, When scheduling the payment run, error message F0250 is generated ‘Job scheduling terminated; read SYSLOG for details’. However, there is no corresponding entry in the SYSLOG and you have already performed the recommendations from SAP Note 170429. In this case, the issue may be happening due to the …

Read More »

Document Splitting in New General Ledger

Background – In SAP ERP the document splitting is the most powerful tool is widely and most commonly used. With this function the document splits the line items based on the “Characteristics” we define in system. Often this function is used to get the financial statements correctly for segment reporting. …

Read More »

Cash Journal – Advantages and Configuration

Advantages: Number of cash journal business transactions can be created as a part of customizing. Hence it is easy, smooth and fast to make entries in the cash journal. In a two-step procedure, you save the entries in the cash journal before they are transferred to Financial Accounting. If you …

Read More »

Configuring Terms Of Payment

Configuring Terms of Payment Terms of payment is used in SAP to determine the due date and discount calculation. Terms of payment is maintained in vendor master and customer master to default at invoice level however this can be changed at invoice level as well. For FI invoices payment terms …

Read More »

IFRS Update – 2015 H2 Publications

As IFRS (International Financial Reporting Standards) are evolving fast, we continue our focus on the latest IASB’s (International Accounting Standards Board) updates. Since our last blog published in July 2015, the following publications have been issued by the IASB: IFRS 15 – Deferral of effective date from 1 January 2017 …

Read More »

APP Configuration Document

Hi Team, Below are the steps for APP configuration.                                                 APP Configuration Document Spro Path:- Financial Accounting- Accounts Receivable and Payable – Business Transactions – Outgoing payments – Automatic outgoing payments – Payment Method / Bank Selection for Payment Program – Set up all company codes for Payment transactions Spro …

Read More »

Deferred Revenue Report

Deferred Revenue report provides Detail/Summary of Contracts that are Invoiced to deferred and the amount that is recognized. SAP provides the Transaction VF45 to get the details but the problem is this transaction provides data for only one Contract/Order at a time. The deferred revenue report uses the VF45 logic …

Read More »

Net Due Date in FI Customer Credit Memo

Hello Experts, This is my first blog post, hence may be it is not perfect but I am ready for your inputs/suggestions for future improvements. Issue/Observation: While posting customer credit memo in FI (FB75), payment term has no influence to calculate net due date. System Behaviour: Net due date calculation …

Read More »

Deactivate tax codes

Hi All, This is my first document in the forum. So please go through this and provide your valuable comments on this. We create a new tax codes with revised rates and the old tax codes no longer useful for posting. But these tax codes will display in the input …

Read More »

SAP Inventory Valuation through FIFO

Hi All The below article will explain one of the approaches through which Inventory can be valued on FIFO basis in SAP – We have two approaches to present our Inventory on FIFO basis – Batch Input Method – A batch capturing the Receipt Value and the Quantity for every …

Read More »

CFOP Automatic Determination

This post is a sequence of: Configuring CFOP on SAP Now that you know what a CFOP stands for, it is time to understand how CFOP get automatically assigns to an Incoming or Outgoing Nota Fiscal. CFOP Automatic Determination Parameters The following parameters are relevant for CFOP determination: 1) Direction …

Read More »

Configuring CFOP on SAP

This blog post is a sequence of CFOP – Fiscal Code of Operations and Services Now that you know what does CFOP means and what is used for, it is time to know how to configure the CFOP on SAP in 5 steps: 1 – Define CFOP Version The first …

Read More »

CFOP – Fiscal Code of Operations and Services

CFOP – Código Fiscal de Operação e Prestação (Fiscal Code of Operations and Services) Before I show you some hints on the CFOP configuration on SAP, let me introduce first a little bit about the CFOP concept. The Brazilian Tax System is formed by several codes that are used to …

Read More »

CIN changes for Swachh Bharath Cess Implementation

Dear All As per the guidelines from Central Government, The levy of Swachh Bharath Cess (SBC) as provided under section 119 of the Finance Act, 2015 will become effective from appointed date i.e 15.11.2015 on all taxable services at 0.5% of the value of the taxable services. Effectively the new …

Read More »

Deemed Supplies Scenarios – Malaysia GST

Team, While checking the Requirement of Deemed Supply Scenarios in Malaysia, according to Solution Design we can use the below configuration steps to achieve the requirement. Here we are creating the Tax code Z7 for Deemed Supplies (e.g. transfer or disposal of business assets without considerations) 6% We are creating …

Read More »