FIN (Finance)

In this blog we will only focus on the impact of SAP Central Payment activation on the FSCM processes running in the organization in ECC systems. Lets assume (for the sake of keeping it simple) we just have one SAP ECC as source system and of... Read More »

The objective of this article is to explain why a new Income Type “Fish Purchased for Resale” was introduced in SAP Business ByDesign. The Internal Revenue Service (IRS) has published the tax print-forms for the fiscal year 2021. These... Read More »

Hello Readers, Greetings!! I am here writing blog about not so common yet useful process of Lease accounting. Starting with brief over-view about the process of Lease accounting. Leased asset remains property of the lessor. They are special form of... Read More »

This blog explains how to perform Results Analysis and calculate Revenue, when the total cost of a project cannot be estimated (and hence SAP standard Cost-based RA methods cannot be used directly). Prerequisite : Knowledge of Results Analysis in... Read More »

The Pandemic As A Catalyst to Online Retail The global health crisis has impacted retail in many ways, as we see the silver lining to speed up the digital transformation, with a massive shift to Online Retail. During 2020, the e-commerce business in... Read More »

Introduction The purpose of this blog is to provide a brief overview of Initial Load of documents into Central Finance (CFIN) from source Legacy systems. It provides a commonly seen challenges during CFIN Initial Load. Overview of Initial Load... Read More »

The Unsustainable Car-Centric Mobility Paradigm The 120-year-old car-centric paradigm for personal mobility has reached its limits. It fosters  congestion, which decreased slightly due to lock-downs in 2020, but still resulted in productivity... Read More »

Introduction: New functionality to activate and enable central clearing of G/L open items in Central Finance system in case you want to centrally manage selected open items General Ledger (G/L) accounts. Business processes of these open items need... Read More »

During a time period, the system accumulates the tax base for each business partner or business groups that belong to the same legal entity. If the tax base doesn’t exceed the threshold, the system calculates the withholding tax and... Read More »

Tax Deducted at Source (TDS) is an income tax subjected to every person making specified type of payments. These payments range widely, including professional fee, salary, commission, interests, rents, and so on. The deductor/buyer (person making... Read More »