Define segments in SAP The segment is an account assignment used to define the financial status and performance of an organization as per business lines and geographical areas. Segments in SAP – Important Points You can generate balance sheets statements as per segment lines We are going to create the following segments in SAP Systems ADAI Industrial ADAM Manufacturing ADAO
Read more →Define Credit Control Area in SAP The credit-control area in SAP is an organizational unit that specifies and checks a credit limit for customers. The credit-control area can include one or more company codes in SAP. Credit Control Area – Important points The credit-control area enables the monitoring of the credit for customers. You can define one or more credit
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Prerequisites to assign company code credit control area in SAP Define company code in SAP Define Credit control area in SAP How to Assign Company Code to credit control Area One credit control area can be assigned to one or more company codes, but one company code is applicable to use only one credit control area in the SAP system.
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Define Functional Area in SAP The functional Area in SAP is an organizational unit in accounting that classifies the expenses of an organization by functions such as Sales, Marketing, Production, etc. Functional Area in SAP- Important Points The Functional area in SAP is used to create P&L A/C in Financial Accounting using the cost of sales accounting and used to
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Define Business Area in SAP Definition of Business area:- Business area is a separate area of operations or responsibilities of organizational units of financial accounting that is used for internal and external reporting. Different divisions of each business within a legal entity are created as Business areas for reporting of each operational area. So Financial statements can be created for each
Read more →Creating new companies by copying existing company code SAP The following SAP training tutorials guide how to create a new company by coping with existing company code in SAP step by step. In our previous training tutorials, we have learned how to create new company code by using transaction code. In our previous configuration, we configured company code “AD06”. Important
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The following tutorial guides you on how to define company code in SAP FI step by step with screenshots. After configuring the company, the next step is to configure the company code. Let us discuss briefly the company code. Define Company Code in SAP About Company Code:– Company Code in SAP is the smallest organizational unit of Financial Accounting for
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Assign Company Code to Company in SAP The following SAP tutorials guide you on how to assign company code to the company in SAP step by step with screenshots. Before assigning of company code to a company, you need to configure the following organizational units in SAP system Company Company code After configuration of company and company code, all the
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What is SAP FICO ?? SAP FICO Stands for FI (Financial Accounting) and CO (Controlling). SAP FICO is the important module of ERP and both FI and CO modules stores the complete financial transaction data of an organization. What exactly SAP FICO module is SAP FI is the important module of all SAP implementations SAP FI ( Financial Accounting )
Read more →Activate New General Ledger Accounting in SAP The activation of new general ledger (G/L) accounting in the SAP ERP SAP system enables the activation of new general ledger accounting functionality in SAP system. New General Ledger Accounting in SAP – Scenarios When you activate the new G/L accounting, it replaces financial accounting with Financial Accounting(New). If you are already using
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