FIN (Finance)

1. Introduction This blog will try to provide an understanding of what is Shorten Fiscal Year (SFY). It also covers finance related configurations and ends by giving an overview of stages in a SFY project. Shortened Fiscal Year is a fiscal year that... Read More »

Some Background In India majority of the companies that opt for SAP ERP implementation are either a public limited or a private limited company , rest of the firm category such as sole proprietorship , HUF’s, partnership firm’s or LLP’s... Read More »

How SAP S/4HANA Drives General Ledger Account Optimization One of the most extensive changes in the latest version of SAP (SAP S/4) is the combination of the FI (Finance) and CO (Controlling) tables into the Universal Journal.  Many recognize the... Read More »

The Ministry for Corporate Affairs in India has recently published a rule for all the Indian corporates that they need to ensure correct and compliant audit trail in their accounting software for each and every transaction, creating a log for each... Read More »

Foreign exchange revaluation is an important financial closing procedure as per IAS 21 – The Effects of Changes in Foreign Exchange Rates in order to present true and fair picture of foreign receivables/ payables. Normally this valuation is... Read More »

This is the final blog in a series of four discussing and listing transactions one must complete when adding a new company code to the system.  Here is a list of the topics covered by the four documents: Enterprise Structure –  Part 1 FI... Read More »

This is the third blog discussing basic standard configuration steps for creating a new company code.  In Part 1 I listed and discussed items in Enterprise Structure that needed to be configured.  I followed that up with details from specific FI... Read More »

In this blog i will be discussing about the AVL functionality in SAP Central Finance. AVL stands for “Accounting View of Logistics information”. Accounting View of Logistics (AVL) is Central Finance-specific functionality in which logistical... Read More »

In part one I discussed and listed the tasks required in the Enterprise Structure section when you are building a new company code in SAP.  In this blog I will list and discuss what needs to be configured in the FI Module.  As you recall there are... Read More »

A. Introduction: In this blog post, I would like to share my knowledge on the different scenarios related to fund transfer between our company bank accounts. After completion of the blog post reading, you will understand the bank to bank transfer... Read More »