SAPinsider’s Business Continuity Track Includes Case Study on Modernized Accounting

Completing the Virtual Close

400 results

  1. Automated Account Reconciliations Take Root at Scotts Miracle-Gro

    Scotts Miracle-Gro, a household name for lawn and garden products, took a hard look at how to best improve its account reconciliation process. Exceptions, discrepancies, and manual, spreadsheet-based processes were cropping up across its SAP landscape, making reconciliation difficult and time consuming for preparers, approvers, and internal auditors alike. It was time for the company…
  2. How to Comply with IFRS 15 Regulations Using SAP Revenue Accounting and Reporting 1.2

    Learn how to set up SAP Revenue Accounting and Reporting 1.2 in SAP ERP Central Component (ECC) 6.0 to comply with the new accounting standard regulation IFRS 15. The new regulation was jointly released by two leading accounting standard bodies: the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB). Key Concept…...…
  3. Moving Average Price: Learn How It Functions in Project Stock and Figure Out How to Explain the Unexplainable

    A lot can go wrong if you don’t understand moving average price. Sort out the complexities that arise when material movements, invoices, reversals, and purchase order history interact with moving average price. Understand both the cause and the cure for the frustration and confusion. Key Concept Materials that are entered into an SAP system as…...…
  4. SAP S/4HANA Finance: Understand the Different Options and Nuances of Enabling Parallel Accounting in New Asset Accounting

    Learn about the configuration options available in SAP S/4HANA Finance to set up parallel accounting aligned to different accounting principles, especially when you are migrating from classic Asset Accounting (FI-AA), a parallel accounts approach, to the new FI-AA module. Key Concept The SAP S/4HANA Finance system provides a transparent, real-time, optimized IT solution for implementation…...…
  5. How to Use Workflow to Streamline and Control Bank Account Management Processes in SAP S/4HANA Finance

    In the wake of globalization of business, enterprise organizations need to continuously expand their operations. This expansion generates a need to have bank holdings in various countries to support the daily operations of payments and collections. SAP S4/HANA Finance for cash management has a component named Bank Account Management to centrally manage bank accounts. Bank…...…
  6. Why Symbolic Accounts Are the Key to a Smooth Payroll Posting Process

    To keep your company’s financial information up to date, you must maintain the vital relationship between HR wage types and Financial Accounting (FI) accounts. Symbolic accounts are key to this relationship. Learn about symbolic accounts, how to configure them, and why you should never delete old symbolic accounts. Key Concept A symbolic account is a…...…
  7. Automate Overhead Allocation through Purchasing Info Records

    SAPexperts FinancialsFind out how to use standard SAP functionalities to allocate procurement-related overhead in both regular purchasing and subcontracting scenarios. Key Concept Using configuration settings, you can maintain the material overhead condition in purchase info records, use it in the standard cost-estimate process, and absorb the overhead during a goods receipt transaction. You can extend…...…
  8. SAP S/4HANA Adoption: Subsequent Implementation of the Parallel Ledger

    Learn various SAP S/4HANA adoption options available for companies running the classic General Ledger. Follow steps to introduce the ledger subsequently in a live SAP S/4HANA system. Key Concept SAP introduced the parallel ledger concept with the SAP ERP Central Component (ECC) system in 2005, and since then, it is gaining popularity due to its…...…
  9. SAP S/4HANA Adoption Tips

    Learn various SAP S/4HANA adoption options available for companies running the classic General Ledger. Follow steps to introduce the ledger subsequently in a live SAP S/4HANA system. This content is for Basic Access, SAPinsider Monthly Subscription, SAPinsider Annual Subscription, and SAPinsider Premium Annual Subscription members only.Log In Join Now
  10. How to Automate and Streamline the Financial Close Process in Your SAP Systems

    In this Q&A, experts provided tips and best practices for automating and streamlining the financial close process, including deep insight into suggested tools ways to leverage those tools for improved error management, faster data extraction, and greater efficiency.  If you missed the chat or need a refresher, we welcome you to view the online chat…...…