How to Activate Quantity & Value Updating SAP S4 Hana It is one of the important configuration steps in SAP S4 Hana that we need to activate the quantity and Value updating field in the Material type for every company code. If you don’t activate the Quantity/Value Updating fields for the company code, the system throws an error during the
Read more →How to Create a New Chart of Depreciation in SAP S4HANA The chart of depreciation is a list of depreciation areas that are configured according to the legal and business requirements of an organization. The chart of depreciation allows managing the assets valuation in a particular country/region. Chart of Depreciation = List of Depreciation Areas Depreciation Areas =
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How to Create GST Tax Codes in SAP S/4HANA The first GST was implemented in India on 1st July 2017. It is a single Taxation system applicable across India. The different types of GST that are applicable in India are CGST (Central Goods and Service Tax) SGST (State Goods and Service Tax) IGST (Integrated Goods and Service Tax) UTGST (Union
Read more →How to Assign Country/ Region to Country to Calculation Procure in SAP After the configuration of the Tax Calculation Procedure, the next step is the assignment of the country to the calculation procedure. Taxes are determined on a country basis. India Country now uses GST tax, so any organization doing business in India should register for GST and configure the
Read more →Define Tax Procedure in SAP S/4Hana Each country consists of different types of taxes and tax procedure is defined for each country level in the SAP system. The tax procedure consists of control data that are required to calculate and post the GST tax on Sales and Purchases. Tax Procedure is one of the important configuration processes that we need
Read more →GST Account Determination in SAP S4 Hana The applicable GST tax amount must be posted to respective General Ledger (G/L) accounts in the SAP Hana system. To full fill this requirement, we need to configure the account determination for SAP GST. The automatic account determination is configured by linking the GST G/L accounts to GST account keys. The Account Determination
Read more →How to define G/L Accounts for taxes in SAP S/4HANA When you are posting any GST documents, the respective GST tax amount (input GST or Output GST) must be posted into the respective G/L accounts. In order to fulfill this requirement, we need to configure account determination by assigning the G/L accounts to the GST transaction keys. In the SAP
Read more →How to Define Account keys for GST in SAP S/4Hana The account keys enable the determination of the G/L accounts to post the GST tax amounts to the respective G/L accounts in the SAP system. In order to meet the business requirements, we need to define the following account keys for GST implementation in SAP S4Hana. A/R Input Condition Types
Read more →Define Business Places in SAP S/4Hana In this SAP tutorial, you will learn how to create a business place that is needed for your company. You can create business places in SAP S4Hana by using the following navigation SAP IMG Path: SPRO > SAP Reference IMG > Cross Application Components > General Application Functions > Business Place > Define Business
Read more →What is Payment Terms in SAP Payment terms (Terms of Payment) are the conditions agreed with business partners (Customers and Suppliers) for the invoice payments. Terms of Payment can have the following specifications: Due date Cash discount offered within a certain period of time Baseline date as per document date or posting date or entry date. Scenario: The received or
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