Understanding the bank statement process in SAP

Dmitry Kaglik

February 1, 2016

SAP

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Bank statement is the document that bank sends to your company to update you about the balances and transactions on the bank account that the company holds in that bank. You can receive that statement in various ways. Of course, you need to process these statements in SAP to reflect the bank account transactions. That’s […]

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Special cases of tax posting

Dmitry Kaglik

September 7, 2015

SAP

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We have discussed recently the details related to tax category assignment of the GL account. In that article SAP Expert mentioned that usually you do not post amounts directly to tax accounts. But sometimes you still do. Let’s discuss these cases in details.

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What is Tax Category on General Ledger account?

Dmitry Kaglik

August 3, 2015

SAP

2 Comments

The General Ledger (GL) account is a very important element of master data in SAP. It has many configuration parameters that control system behaviour when a particular GL account is in use, either during document entry or reporting. One of these configuration elements is the Tax category. Let’s discuss this element in detail. Tax category […]

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Does SAP always calculate VAT on sales?

Dmitry Kaglik

January 13, 2014

SAP

2 Comments

Taxes are an inevitable part of our life. Like death is. The most common tax in the business world is value added tax (VAT), or sales tax. You have probably read the article that describes the difference between the two. VAT or sales tax should be calculated on every sale the company makes. Even if […]

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Four methods to post a vendor invoice in SAP

Dmitry Kaglik

October 14, 2013

SAP

3 Comments

The company needs to pay its invoices in order to function properly. It also needs to record vendor invoices and payments in the accounting books and registers. SAP is a help here. Accounts Payable is an important part of SAP Finance. There are actually several ways how you can pay the invoice. But you need to […]

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