Field status can be controlled using Posting Key Field status as well as Field status Group assigned to G/L. Read More »
Document type is a 2 character key in SAP to differentiate business transactions.
Document type configuration controls Read More »
ASKB is the transaction in SAP used for periodic posting of Asset APC values to G/L. Read More »
Cross System Depreciation Area can be used to assign depreciation areas from different Chart of Depreciation to a single key (Called Cross-System Depreciation Area) thereby giving these areas same meaning across the system. Read More »
Cost object is nothing but a cost or revenue collector in SAP. Read More »
Transfer variant is used to define the way SAP handles Asset transfer. Read More »
The error occurs when you try to post an Invoice and the tax code has not been maintained in Config. Read More »
Transfer methods are assigned to Transfer Variant and determine what values are posted to receiving assets. Read More »
In SAP, Cost Objects are assigned to Assets in asset master record. All the cost posting (APC and Depreciation) requires a Cost Object. The setting need to be maintained in ACSET for the system to post to relevant Cost Object such as Cost Center, WBS element or Internal Order during Depreciation run and APC postings. Read More »
Transaction type is required for Asset transactions. Transaction type defines the type of transaction such as Acquisition, Retirement, and Transfer of Asset. Settings for how to process these transactions are also maintained in Transaction type. Read More »
You receive this error, when you try to post intercompany posting, but one of the company code is on standard withholding tax setting while other one is on extended withholding tax setting. Read More »
Config changes can be viewed in SPRO IMG menu, if the change log has been activated for the table.
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You get this error message (Account XXXXXXXX requires an assignment to a CO object) when GL account is relevant for Cost posting ie Primary Cost element is created for the account. In this case, System is going to need a Cost Object (Cost Center, Internal order, wbs element etc) in the posting as a posting needs to be automatically done in Controlling. Read More »
Withholding tax type defines the different withholding tax categories that exist in a country. Tax type controls all the options for withholding taxes such as Base amount (Net, Gross etc), Rounding rules etc., accumulation type (monthly, quarterly etc) while Tax code controls the percentage. Read More »
This error occurs when you try to assign multiple lines with the same tax type to the business transaction. Read More »
You receive this error when you try to post intercompany posting, but company code pair has not been set up for cross company code posting. Read More »
Withholding tax is calculated and posted to accounts at payment step, invoice step or whichever is earlier, based on Country law. Extended withholding tax was later introduced by SAP to overcome limitations of Classic withholding tax. Extended withholding tax includes everything from Standard withholding tax and more. It is advisable to use Extended withholding tax. Read More »
This error indicates that Conversion factor has not been maintained for the currency pair in the system. Check the currency pair in IMG -> General Settings -> Currencies -> Define Translation ratios. Read More »
You get this message when document type, you are using is restricted by Account type available for postings. Read More »
You can copy client specific changes from one client to other using transaction code SCC1. Read More »
You get this error, when entry to the Reference/Header Text has been set to required in document type configuration. Read More »
You get this error when a G/L account for withholding tax type XX tax code YY has not be configured. Tax type and tax code is maintained in Vendor master under Withholding Tax category. Read More »
Asset History Sheet is a report for displaying asset history data segregated by Transaction types (Rather group of transaction types) to track the transactions for an asset such as Acquisitions, Retirements, Transfers etc. The Layout can be configured as per the requirement. Read More »
There are times when you would want to transfer Acquisition Cost and Accumulated depreciation to a depreciation area different from depreciation area in sending Company Code. In that case, you can use new value method. Read More »
Cost Element is the Cost Carrier in SAP. All the cost (and revenue) flows via Cost Element. Read More »
