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Simplify accounting for financial products with SAP.
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Best practices for managing the standardization of chart of accounts in a live SAP systemLearn about your options to tame a chart of accounts that has grown to be unmanageable and unwieldy, and dive into key considerations for a successful and seamless chart of accounts standardization initiative using SLO-type conversion methodology. By attending, you learn:
- Learn about the structural transformations you should do in your system, prior to SAP S/4HANA conversion
- How to prepare for a chart of accounts standardization process by defining the scope, cleaning up data ahead of the process changes, and anticipating the impact on business processes
- Technical aspects of a chart of accounts conversion, and information about the G/L account conversion with different scenarios for source and target accounts
- Step-by-step instructions to manage the conversion to ensure consistency before and after the process
How SAP S/4HANA Drives General Ledger Account OptimizationThe universal journal is a single table incorporating all financial information and select logistics and operational information. While many finance controllers, system implementors, and accountants acknowledge the reporting benefits of having information stored in a single table, the recent combination of the Finance and Controlling tables into the universal journal in the latest version of SAP S/4HANA significantly impacts the chart of accounts. This article explains how finance professionals can navigate this impact and utilize SAP S/4HANA functionality to reduce the number of general ledger (G/L) accounts in their existing chart of accounts.
Read this article and learn:
• How to achieve G/L account optimization using SAP S/4HANA functionality;
• An overview of the universal journal and its impact on the G/L; and
• Usage of dimensions in the universal journal and reporting capabilities.
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SAP ECC Classic GL to SAP S/4HANA – Direct Conversion Without Requiring a New GL Migration FirstThe new General Ledger on SAP S/4HANA or SAP ECC has certain advantages over Class GL. Examples: usage of parallel ledgers, Document splitting, Profit Center Financial statements, Segment’ reporting that is required for segment reporting according to IAS and U.S. GAAP, etc. In addition, customers can enhance the new General Ledger flexibly, that is, they can enter user-defined fields and update the relevant totals.
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Zuora Becomes Build Partner in SAP’s PartnerEdge ProgramZuora has joined the SAP PartnerEdge program as a Build Partner, offering a certified Zuora Connector for SAP solutions that streamlines financial accounting integration with SAP systems, enhancing operational efficiency and supporting companies in their cloud adoption and order-to-cash processes.
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