Profit Center Accounting and New GL in SAP ERP
Filed under: General Ledger Module, SAP FI Configration, SAP Knowledge, SAP Tutorial
For release SAP ERP, the Profit Center Accounting was integrated into the new G/L accounting. The solution is as follows:
SAP delivers the ‘Profit Center‘ and the ‘Partner Profit Center‘ as fixed characteristics that are posted on the original FI postings. The data is not updated, as required, in another ledger, as in the classic Profit Center Accounting.
As a result of integration of the Profit Center Accounting into the new G/L accounting, new functions such as ‘document splitting’ are available. Using the ‘Document Splitting‘ function (online document split), balance sheets can be created for company codes as well as for other entities such as the profit center. The balance is then set to 0 for each document for the profit center.
Viewed 7849 times by 1687 viewers
Input and Output Tax Definition
Input / Output Tax:
At month-end, Input tax is offset with output tax and balance have to pay/receive the goverment.
Some countries allow setoff of output tax against inout tax which is called VAT in European countries and MODVAT in India ( hta is tax payable on sold items against tax paid against bought out items) based on materials and products.
Input Tax is receivable account and Output Tax is liability account. Output tax is periodically set off against input tax.
Viewed 9971 times by 3744 viewers
SAP Definition : Field Status Group
Enter the field status group in the master record of a G/L account in SAP system. When entering a document in SAP system, the definitions which were stored will be effectived.
Field Status Group in SAP determines the screen layout for document entry in SAP system.
The fields can have the following statuses:
- Optional Entry – Data can be entered in the field
- Mandatory Entry – Data must be entered in the field
- Suppressed – The field will not appear on the SAP screen
Viewed 8280 times by 2823 viewers
SAP ERP new General Ledger: General information
The information about the new General Ledger in mySAP ERP in SAP Note 756146
The new General Ledger in mySAP ERP 2004 has the following advantages over the classic General Ledger in SAP R/3 Enterprise:
Viewed 21699 times by 6035 viewers
Variant Principle Concept in SAP
The concept of variant principle
The variant principle is a three step method which is used in SAP to assign special properties to SAP objects. The three steps used in the variant principle are:
- Define the Variant
- Populate the Variant with values
- Assign the variant to SAP objects
Viewed 24386 times by 6602 viewers
SAP Recurring Document (2)
The three steps necessary to use Recurring Documents in SAP are:
- Create a Recurring Document
- Enter the data necessary for posting the SAP Accounting Document such as the Posting Keys, Account Numbers and amounts.
- Enter the control information that sets the posting frequency or run schedule.
- Run the Recurring Posting Program. The system will determine which Recurring Documents are to be processed during each run period and create a batch input session containing the following:
- Data required to post the SAP Accounting Documents.
- Data needed to update the scheduling information in the Recurring Documents including the next run date, the number of runs processed and, if necessary, a deletion indicator.
- Process the batch input session. The batch input session will post the SAP Accounting Documents and update the scheduling information in the Recurring Documents, such as the number of documents posted, the next date when a new SAP document will be created from a recurring entry, etc.
Viewed 8252 times by 3573 viewers
Join SAP Community:
mySAP ERP | SAP Business | SAP Tutorial | SAP Help
SAP Production Planning Powered By:
