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 »
Here are the key pieces of config you need to maintain for valuation. Read More »
SAP allows you to define 3 parallel currencies in addition to document currency. Parallel currencies can be defined in OB22. You can choose the currencies from 5 available currencies as below. Read More »
Ledger group is used to combine ledgers with similar functions. It allows posting to multiple ledgers at the same time. Ledger group is a new field added in many posting screens to make ledger specific posting. Read More »
Leading ledger (0L) is the primary ledger while Non Leading ledgers act as parallel ledgers. The decision to choose leading ledger and accounting standard for leading ledger must be taken carefully. Read More »
SAP has introduced additional functionality with New G/L. Here is the short summary. 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 »
Here is the list of ledgers in Classic G/L. 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 »
Posting Key is a 2 digit key to control line items. Posting Key config controls Read More »
With MYSAP ERP releases (ECC 5.0 onwards) SAP introduced New GL functionality. Most of the User interfaces and transactions remain same, however internal architecture and available functionality has changed significantly. Read More »
ERP (Enterprise Resource Planning) is a software system that allows companies to integrate their internal functions, such as Manufacturing, Production Planning, Finance, Sales, Service, Engineering, HR etc, around a common corporate database. In many companies, all these departments run their own software applications that are not properly integrated. Read More »
Sales Area
Sales Area is a combination of Sales Organization, Division and distribution channel. Read More »
