SAP S/4 HANA covers the business processes like Procure-to-Pay, Order-to-Cash and record-to-report. To understand the functioning of tax on sale purchase in SAP we need to know all tax-relevant steps within the end-to-end scenarios. Additionally, we should know the business processes behind them and then need to integrate their requirements […] The post Tax on Sale Purchase in SAP S/4HANA appeared first on Skillstek ..read more

What do we require to Configure Material Master? Master data in materials management requires a significant amount of understanding, not only on the part of the SAP consultant but also on the part of the SAP customer. When implementing SAP, customers usually transition from one or more legacy systems. That’s […] The post Key Objects to Configure Material Master in SAP appeared first on Skillstek ..read more

SAP Material Management in S/4HANA Logistics SAP Material Management is an integral part of Logistics. in SAP. Logistics in SAP incorporates a number of separate areas together. This is to follow the movement of materials from the manufacturer to the consumer. Logistics, in essence, is the management of business operations. […] The post SAP Material Management – An Engine to Supply Chain appeared first on Skillstek ..read more

SAP Order-To-Cash The SAP order to cash process is used for processing the business’s sales orders for goods and services. It manages the company’s receivables and accumulates the relevant payments from its customers. This is the opposite of the Purchase-to-Pay Process. Components of SAP Order to Cash We have various […] The post SAP Order to Cash & its Process Flow appeared first on Skillstek ..read more

Capabilities of a Business Partner in SAP S4 HANA The Business Partner in SAP S4 HANA is capable of centrally managing master data for business partners, Customers and suppliers. This makes it a single point of entry to create, edit and display master data for business partners, customers and suppliers. […] The post Capabilities of Business Partner in SAP S4 HANA appeared first on Skillstek ..read more

A Comprehensive List of SAP Asset Accounting Interview Questions These SAP Asset Accounting interview questions would help you to successfully go through your SAP FICO Interviews having questions based on SAP Asset Accounting. Here are the important ones for you. Conceptual SAP Asset Accounting Interview Questions What are the organizational […] The post SAP Asset Accounting Interview Questions appeared first on Skillstek ..read more

Simplifications in SAP with ACDOCA Because of the introduction of the Universal Journal or ACDOCA table, the below are some simplifications in SAP Finance & Controlling Business Process. Minimized Reconciliations Universal Journal minimizes the reconciliation work between the different ledgers. The process steps in period-close that performed the settlement between […] The post Simplifications in SAP S4 HANA Finance 2022  appeared first on Skillstek ..read more

What is SAP R2R? SAP R2R (Record-to-report) is a financial and accounting management process which ensures that all business transactions are recorded completely and accurately within an accounting system and its sub-ledgers. It includes sales, purchases, payments etc. Subsequently, all these transactions are ultimately collected and recorded in the general […] The post What is SAP R2R in S/4HANA? – Repord to Report appeared first on Skillstek ..read more

SAP General Ledger Period-End Closing The financial closing cycle in SAP General Ledger is the most important period for FI. In this blog, I will explain the financial month-end and Year End closing Processes. It also includes the opening and closing periods, balance carryforward, sub-ledger reconciliation, foreign currency valuation and […] The post SAP General Ledger Period-End Closing  appeared first on Skillstek ..read more

SAP Cost Object Controlling in Make-to-Stock Production In make-to-stock production, you can use SAP Cost Object Controlling for Product Cost by Oder and by Period. Lets us understand this. Product Cost by Order You can manage your costs at the level of production orders and process orders. You can analyze […] The post SAP Cost Object Controlling in Make-to-Stock Production appeared first on Skillstek ..read more