SAP Best Practice, Model Company, or story of A Dog and A Tail

Dmitry Kaglik

August 6, 2018

SAP

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There is no doubt that SAP accumulated a huge amount of experience in automation of business processes throughout the years. Some of these processes are easy to implement in SAP, others are not so. Many years ago, at least 20 or maybe more, SAP came up with an idea of “SAP Best Practice”, a set […]

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Using GnuCash as a Freelancer to Track Finances and Prepare Taxes

GnuCash makes it easy to keep track of your money and it creates reports that will make your accountant happy. I don’t own a credit card (by choice), so keeping a close eye on my finances is really important, but I think whether or not you have a credit card, it’s a good idea to […]

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Automatic period closing in SAP Finance

Period closing is a process that involves many steps in different SAP modules. Even if we take SAP Finance (FI) alone, period closing activities include various steps in GL, AP, AR, Assets and other submodules. To ensure the period closing is complete and reports are finalized, users maintain a table with periods open for postings. […]

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Quick introduction to SAP Bank Communication Manager

Dmitry Kaglik

November 6, 2017

SAP

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SAP Bank Communication Manager (BCM) is one of the components of SAP Financial Supply Chain Management (FSCM) module. The responsibility of BCM, as it follows from its name, is in the management of relationships with the bank. Let’s have a look at the processes that BCM supports. We will not look into details of the […]

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Introduction to SAP BSM

Dmitry Kaglik

October 2, 2017

SAP

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Bank statement is the document that tells the bank account holder the status of the bank account balance along with the list of incoming and outgoing payment transactions. When the statement is received, it should be entered into SAP system to reconcile bank accounting and general ledger, mark payments as processed, invoices as paid and […]

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