Category Archives: SAP Tutorial

Valuation areas are defined for periodic processing in general ledger accounting. Below process is to define valuation area TVA (Test Valuation Area).

Valuation areas are defined for periodic processing in general ledger accounting. Valuation areas can be assigned to accounting principles in relation to periodic processing once the valuation area defined.

Month-end closing includes all activities involved in closing a posting period. Below activities can carry out as part of month-end closing –

Tolerances referred as payment differences. For G/L account clearing, tolerance groups define the limits which differences are accepted and posted to predefined accounts automatically.

Tolerances referred as payment differences. In SAP, tolerance group normally defines to make sure that employee do not exceed their authority while posting financial transactions.

Due to instabilities in exchange rates, exchange rate gains or losses may occur when clearing open items in foreign currency. The SAP system automatically posts the exchange rate differences to the revenue or expense accounts.

Organizations can have business transactions in multiple counties where the currency is differing from local country. It is a common exercise to conduct transactions in other countries for organizations which is referred to as Foreign Currency Transaction.

The process is also known as copy an old journal entry. SAP makes it easy to create and post a document with the existing posted document rather than set up all entries. In this chapter, we will explain posting a document with reference or copy an old journal entry.

A clerk can post the G/L document with the amount which is authorized for him to approve. If he needs to post a G/L document with excess amount than authorized, the document needs to be saved and send for higher authority review.

A clerk can temporarily save the G/L document in the below scenarios.