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The Pricing Procedure in SAP MM determines how the system calculates the price of a material during purchasing or procurement.

Introduction This blog helps you provide a brief understanding of SAP RAR and IFRS 15 (International Financial Reporting Standard) -...

Open items are line items in an account that are not yet cleared or offset by a corresponding transaction.

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List of T-Codes in SAP FICO

Credit Check refers to the process of evaluating a customer’s creditworthiness before approving a sales order, delivery, billing document.

The Order To Cash Process in SAP refers to the end-to-end cycle that starts with receiving a customer order and ends with receiving payment.

The SAP SD - Enterprise Structure includes key organizational elements such as: Plant, Sales Organization, Distribution Channel, etc.

Partner Functions are roles that business partners (such as customers, vendors, or other entities) can play in a business transaction.

Payment terms are the conditions agreed upon between a company and its business partners regarding the payment of invoices.

SAP Activate is a comprehensive methodology designed to help organizations efficiently and effectively implement SAP solutions, such as SAP.

Goods Receipt without reference is in context when some material are left while migration of data to SAP system

Credit memo is a document issued by a supplier to the customer notifying the reduction of the amount that a customer owes to the customer.

AUC stands for Asset under construction where some assets are in construction phase and cost needs to capture through internal order for...

The cash journal is a subledger of Bank Accounting. It is used to manage a company's cash transactions. The system automatically...

Dunning is a process used by businesses to systematically communicate with customers or vendors to ensure the collection of overdue payments

The O2C process refers to the series of steps a business takes to process customer orders, deliver products or services and receive payment.

Bank Reconciliation in SAP S/4 HANA

The Procure to Pay (P2P) process is a series of steps that a company follows to acquire goods or services from external suppliers.

Low value Asset in SAP S4 HANA