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A Fiscal year is the accounting year used by a company to record and report financial transactions. It's the period for which financial statements like the Balance Sheet and Profit & Loss ( P&L ) are prepared.

In the evolving world of SAP, the boundaries between technical and functional roles are becoming increasingly fluid.

SAP (Systems, Applications, and Products in Data Processing) is a leading enterprise resource planning (ERP) software used by...

List of T-Codes in SAP FICO

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.

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

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.

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

Validation and Substitution are functionalities used to enforce business rules and automatically modify data entered in SAP system

Document splitting in SAP S/4 HANA allows you to display documents using a differentiated representation.

SAP Document Change Rules refer to the configuration settings that determine which fields in financial documents can be changed

Withholding Tax Configuration in SAP S4 HANA

Accrual & Deferral is a document method that involves making provisions at the end of a month and reversing them on the first working day...

Recurring document in SAP is a business transaction that repeats regularly. Sample document is a reference document for original document.

General Ledger document posting refers to the process of recording financial transactions in the G/L accurately, and it provides a basis. ..

Data Migration Cockpit (DMC) in SAP is a tool within the SAP system that is used to migrate data from Legacy data system into the SAP

Controlling is a module in SAP that helps Planning, Managing, Analyzing and Reporting related to Costs and profits. It is used for Internal