Three ways to generate a payment medium file in SAP

There are several ways to record a vendor invoice and payment in SAP. Although there are several ways to post a payment, the most common of them is the Automated Payment Program (APP, transaction code F110). The payment process does not finish with posting of a payment document. You need to inform the bank about your intentions […]

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Understanding the bank statement process in SAP

Dmitry Kaglik

February 1, 2016

SAP

15 Comments

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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How to: settling Internal Orders and WBS elements costs to different Assets under Construction

Dmitry Kaglik

December 7, 2015

SAP

2 Comments

Many companies using SAP need to run Assets accounting. When an asset is being physically created, the company needs to account for costs. These costs often form a part of a balance sheet that is called “Assets under construction”. SAP gives you an option to to accumulate costs of Assets under Construction (AuC) on the […]

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Special cases of tax posting

Dmitry Kaglik

September 7, 2015

SAP

2 Comments

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?

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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