Category Archives: Financial Accounting

Unilever: Business Innovation and Transformation with SAP HANA

The new SAP HANA architecture is an enabler to speed up processes. To provide new functionality, SAP HANA needs to store table definitions and table content. This is mainly created and replicated real-time via the SAP Landscape Transformation (SLT) tool. … Continue reading

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SAP Smart Financials

To understand how SAP Smart Financials differs from previous versions of the software. SAP ERP Financials uses the classic client-server architecture and can be used in combination with any database. SAP ERP 5.0 brought significant changes with the introduction of the … Continue reading

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Quantity Management in Fixed Assets

Indeed, you can manage identical capital goods in the inventory as one single item, with specification of the quantity. In the sense of valuation, identical means the following: Identical date of acquisition Identical acquisition and production costs Identical depreciation method … Continue reading

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Inventory

Our national tax and accounting laws regulate what has to be detailed in the inventory directory. These laws also regulate how and at what time intervals a physical inventory (stocktaking) must be performed. The verification that the individual assets listed in … Continue reading

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Basic Concepts of Asset Reporting

The drawing up of a balance sheet is the presentation of the values of assets and liabilities. Fixed assets are part of and generally the major part of the assets of a company. Within accounting, asset accounting is responsible for … Continue reading

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SAP HANA for ERP Financials

Relational Databases have been around for more than 25 years. They are the backbone of companies to manage business data. Now it is time for a change. Huge progress was made in the recent years, e.g. in terms of multicore processor … Continue reading

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Installment Plan

When a customer is not able to pay an invoice within the payment terms, it is also possible to negotiate an installment plan. For this purpose, the existing line item will be split up into several smaller line items with individual … Continue reading

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Returns process

When a direct debit is on its way, the customer line item is cleared. When looking at the account balances, you can find the status (green = cleared). In some cases, the customer bank account is not covered and the … Continue reading

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Payment approval

After executing a payment run, open items are cleared and the payment file is created. Before this gets transferred to the bank, it is possible to have a payment approval process in place. Today this is not only limited for employees … Continue reading

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Execute payment run

Business partner information for bank and/or payment card data has to be maintained first. Secondly, a payment run is executed. This demo will provide information about a special SAP functionality for direct debit / credit card payment that is linked … Continue reading

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