Understand the importance of Posting Rules and Posting Key in accounting systems. Learn how they control transactions and ensure accurate financial records.
  • By hjoshi@jamesknows.com
  • November 13, 2024
  • SAP

Importance of Posting Rules and Posting Key  Posting rules are crucial for maintaining order, clarity, and a positive environment in any community or platform where people interact, such as forums,…

By-Products in SAP PP
  • By hjoshi@jamesknows.com
  • October 18, 2024
  • SAP

By-Products in SAP PP In SAP PP (production planning), a by-product refers to secondary products that are manufactured unconsciously or as a result of the production process while producing a…

Imprtance of Numbers in SAP
  • By hjoshi@jamesknows.com
  • October 16, 2024
  • SAP

Importance of Number Ranges in SAP In SAP, number ranges are sequences of numbers that are used to assign unique identifiers to objects like documents, master data, or transactions. These…

Business Partner in SAP
  • By hjoshi@jamesknows.com
  • October 14, 2024
  • SAP

Business Partner in SAP BP stands for Business Partner in SAP. It's a central concept used to manage relationships with external entities such as customers, vendor other organizations. Here are…

Production Order in SAP PP
  • By hjoshi@jamesknows.com
  • September 21, 2024
  • SAP

Production Order in SAP PP In SAP PP (Production Planning), a production order is a document that instructs the production department to produce a specific quantity of materials by a…

SAP MM Integration with SAP FICO
  • By hjoshi@jamesknows.com
  • September 19, 2024
  • SAP

SAP MM Integration with SAP FICO SAP MM (Materials Management) and SAP FICO (Financial Accounting and Controlling) are two critical modules within the SAP ERP system. Their seamless integration is…

Important Roles Of Dunning Procedure in SAP
  • By hjoshi@jamesknows.com
  • September 14, 2024
  • SAP

Important Roles Of Dunning Procedure in SAP A dunning procedure is a structured process used by businesses to collect overdue payments from customers or clients. It typically involves a series…

Multiple Accounting Principles in SAP
  • By hjoshi@jamesknows.com
  • August 24, 2024
  • SAP

Multiple Accounting Principles in SAP In SAP Finance (SAP FI), an accounting principle refers to a set of standardized rules or guidelines that govern how financial transactions are recorded and…

Integration of MM, SD & MRP
  • By hjoshi@jamesknows.com
  • August 24, 2024
  • SAP

Integration of MM, SD & MRP The Integration of MM, SD & MRP is crucial for efficient supply chain management. It ensures that the right quantity of materials is procured…

Automatic PO Creation Process
  • By hjoshi@jamesknows.com
  • August 22, 2024
  • SAP

Automatic PO Creation Process Creating automatic purchase orders (PO) in SAP MM (Material management) is a process that helps to simplify procurement by reducing manual interference. This process can be…

Retained Earnings in Accounting
  • By hjoshi@jamesknows.com
  • July 26, 2024
  • SAP

Retained Earnings in Accounting In SAP (Systems, Applications, and Products in Data Processing), "retained earnings" refer to the portion of a company's profit that is held or retained and not…