Consider this scenario: After executing the payment program and generating the payment order, you realize that something is wrong with the payment and that the payment should be cancelled. Understanding a Payment Order Usually when you execute a payment run, payment documents are generated, posted and open items are cleared. In this […]
Read More...
Assume for a particular fixed asset, that you have made asset and depreciation postings over more than one reporting year. Assume also that at least one of those periods has been closed for postings, including in the asset module. For a valid reason, you have a requirement to reverse transactions posted on this asset. […]
Read More...
The three way matching of invoice, good receipt and the purchase order is what is referred to as the logistic invoice verification (LIV) process. The process matches the supplier invoice received with the Goods Receipt in terms of quantity, and with the Purchase Order in terms of prices. The LIV process may lead […]
Read More...
The digital economy has changed the game rule for Finance Departments and CFO’s of today’s organizations. Information is now required on real-time basis and has to be provided real-time, because management has to keep pace with the constantly changing business environment. The digital world has made it easy for customers to be aware of […]
Read More...
It is not an uncommon practice that organizations deal with some Business Partners in both sales and purchase transactions, and therefore, those Business Partners become both Customers and Vendors respectively, in the books of those organizations. Consequently, at any point in time such entities may be having both Debits (Representing sales transactions) and credits […]
Read More...
It is common practice for organizations to conduct transactions in currencies different from their local/company code currency. This is what is referred to as Foreign Currency Transaction. Where open items denominated in foreign currency exist at a key date (meaning weekly, monthly or yearly closing date), then they have to be evaluated to determine […]
Read More...
Apart from the down payment and the down payment request discussed in the last blog post, other special G/L Transactions exist. In this week’s post, as promised, we will discuss the part 2 of our series on SAP Special G/L Transactions. We will discuss: a) Guarantees and payment requests b) Creation of own […]
Read More...
Special G/L transactions are special transactions in accounts receivable and accounts payable that are recorded in the General Ledger in alternative reconciliation accounts instead of the normal Vendor/Customer reconciliation accounts. We usually make use of Special G/L Transactions to take care of business process requirements of down payments, retentions, guarantees etc. In this post […]
Read More...
The payment method configuration, and for that matter the SAP Automatic Payment configuration cannot be said to be completed until you are able to pay with the payment method you configured. You cannot pay with a payment method unless you assign it to a House Bank and a House Bank Account. As a continuation […]
Read More...
Just as you cannot use a payment method in a country without the “payment method in country” settings, you cannot also use a payment method in your company code without the “payment methods in company code” settings in place. In this post we will discuss the “payment methods in company code” settings as a […]
Read More...