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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

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.

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

Asset Sale Without Customer in SAP s/4 HANA

1:-Current Asset (AS01) AS01 is used to create a new asset master record in SAP. It allows you to define the characteristics and...

Asset Accounting Configuration in SAP S/4 HANA

How to Create Vendor in SAP S/4HANA: A Step-by-Step Guide

Financial Statement Version configuration in SAP

Partial payment refers to paying only a portion of an invoice or bill, Residual payment involves paying part and leaving Balance paid later.

An advance payment received from a customer or an advance payment made to supplier, part of full payment and rest of money paid later.