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.…

Outline agreements  An outline agreement is an everlasting purchase arrangement with a vendor. It analyzes the supply of materials or the achievement of services according to preplanned conditions. These conditions…

Stock Transport Orders We can use stock transport orders (STO) to transfer goods from one plant to another of the same company code or one plant to another plant of…

Blanket Purchase Order Blanket purchase orders are often suitable for low-value materials and are used to procure consumable or indirect materials and services that are regularly ordered from the same…

Purchasing Info Record  As we know that in vendor master data we maintain vendor-specific information and in material master data we maintain material-specific information. Purchasing info record is a type…

Source List  The source list is the most commonly used master data which consists of allowed sources of supply (i.e.supplier or vendor) for a material in a specific plant and…

Material Master Data in MM  Introduction  Material master data are a very important element of material management. In this blog, we will discuss how material master data are created at…

Vendor Master data in SAP MM - Vendor master data is a type of master data in SAP MM where we can maintain the information of vendor and this data…