Account group is the highest level of customer master data. Customers are classified into various account groups.
Category Archives: SAP FI
There is possibility of rounding differences occur while clearing accounting documents that are posted in foreign currency.
By default, SAP system configuration comes up with predefined tax calculation procedures for all most all countries. In some cases, it is required to define a new tax procedure or modify some existing tax procedure.
In the SAP system, tax calculation/posting process is defined by a tax calculation procedure. In some cases, it is required to define a new tax procedure or modify some existing tax procedure. Once the tax calculation procedure defined, it should be assigned to country which suits based on the rules.
Asset Accounting is used for managing and monitoring fixed assets. In Financial Accounting, it serves as a subsidiary ledger to the general ledger, providing detailed information on transactions involving fixed assets.
Posting accounting data for customers in Accounts Receivable. When posting data in Accounts Receivable, the system creates a document and passes the data entered to the general ledger. General ledger accounts are then updated according to the transaction.
Customer invoices can be posted in foreign currency can be used to process a currency analysis.
The Sales Returns component is used in the consumer products industry. The Sales Returns component to manage full products that the customer has returned due to a complaint.
Once the amount is paid by the customer, incoming payment needs to be posted.
In general, customers may pay partial amounts for the invoices generated. When the partial payment done from the customer, some proof of payment should be provided to the customer.