In this tutorial, we will learn How to create a new COST CENTER Step 1) To create a Cost Center , Enter KS01 into SAP transaction code box. Step 2) In the next SAP screen Enter the new cost center number. Enter the validity dates of the new cost center. Optional – In the Reference section: In the Cost Center field, you can enter a…

This tutorial will give you an overview of important reports which are used frequently in SAP FI. We will now discuss them one by one. GL Chart Of Accounts List Enter Transaction Code S_ALR_87012326 in the SAP Command Field In the next screen , Enter Chart of Account Key Press F8 (Execute) The GL Chart…

Sometimes when a Clearing document is posted , it’s amount is rounded posting-rounding-differences. The rounding difference can be posted to a G/L Account . It could be expense or revenue. In SAP ,we can configure the Account in which the Rounding Differences are posted in the following manner. Step 1) Enter Transaction Code SPRO in the…

The following SAP transactions are used to map symbolic accounts to different General Ledger Accounts OBYG – maps symbolic accounts to financial accounts (liabilities) OBYE – maps symbolic accounts to expense accounts (expenses) How to Map Symbolic Account to G/L Account Step 1) Enter OBYG. Enter transaction OBYG in the SAP transaction code box Step 2) Enter Chart. Enter the Chart of…

Introduction The Payment Process includes the Following Steps Invoices are Entered Pending Invoices are analyzed for due date Invoices due for payment are prepared for review Payments are approved or modified Invoices are paid A consistently high volume of invoices have to be processed. Accounts Payable Invoices have to be paid on time to receive…

In this tutorial, you will learn- Post Withholding Tax during Vendor Invoice Posting Post Withholding Tax During Payment Posting Post Withholding Tax during Vendor Invoice Posting Step 1) Enter the transaction code F-53 in the Command Field Step 2) In the next screen, Enter the following data Enter the Document Date Enter the Cash/Bank Account the Payment…

In this tutorial, we will learn to post the Outgoing Payment for Vendor in SAP Step 1) Enter Transaction Code F-53 in the Command Field Step 2) In the next screen, Enter the following data Enter the Document Date Enter the Company Code Enter the Payment Currency Enter the Cash/Bank Account in which Payment is to be…

In this tutorial, we will learn to Post Purchase Return in SAP Step 1) Enter the transaction code FB65 in the Command Field Step 2) In the next screen, Enter the Company Code for which document is to be posted Step 3) In the Basic Data tab , Enter the Following data Enter the Vendor ID of the…

In this tutorial, you will learn- How to post a Purchase Invoice How to post Foreign Currency Vendor Invoice How to post a Purchase Invoice Step 1) Enter transaction FB60 in SAP Command Field Step 2) In the Next Screen , Enter Company Code you want to post invoice to Step 3) In the next screen, Enter the…

In SAP , we can create One Time Vendor Master Record for those Vendors who do not have frequent transactions and we do not want to maintain their master records separately. In such cases we create One Time Vendor in which General Information(Name , Address, Phone no etc ) can be maintained at the time…