Top 10 Asked Interview Questions on SAP MDG With the market-leading SAP Master Data Governance solution, you can define, enforce, monitor, and enhance master data across domains for centralized or…

Posting Period Plays Important Role in Controlling Accounting Periods  What is Posting Period?   The posting Period is a period that is used for posting of day to day transactions…

GOODS AND SERVICE TAX The acronym GST stands for Goods & Service Tax, it is an indirect tax levied on goods and services. The new GST tax system replaces all…

The Art of Conducting A Successful Physical Inventory Physical inventory refers to the process of physically counting and verifying the inventory of a business. Here are the steps involved in…

Account Payable in SAP FICO SAP FICO stands for SAP Financial Accounting and Controlling, which is a module in the SAP ERP system that provides financial and accounting functionalities for…

SAP S/4 HANA for Financial Accounting The finance application in the SAP S/4HANA ERP platform is called SAP S/4 HANA Finance. To deliver quick insights and real-time analysis using all…

Service Procurement  In this blog, we will discuss the service procurement process in detail. We will discuss the following points  Overview of service procurement Process steps of service procurement  …

Account Groups Play Important Role in creating GL Accounts   What is an Account Group in SAP?   An Account group is grouping similar accounts or segregating similar accounts into…

Chart of Accounts Works as the Backbone in FICO What is a Chart of Accounts? ( COA)   A chart of Accounts is nothing but a group of GL Accounts.…

Reports in SAP  A report is basically the output of data in a required format. SAP has provided many standard reports which can easily be found in the SAP easy…

Stock Transfer In a stock transfer process, we can transfer the material from one storage location to another, from one plant to another, or from one company code to another.…