Transforming Finance Operations with Touchless Record-to-Report by Redwood

75 results

  1. Want to Automate Your Monthly or Yearly Accruals?

    SAP R/3 4.7 functionality offers the choice of automating your accrual processing. Learn about the SAP R/3 Accrual Engine and see how it compares to R/3’s accrual/deferral feature. Key Concept The Accrual Engine, new to SAP R/3 Release 4.7, allows you to manage your accruals and calculate the amount of the accruals in one central…...…

  2. Clear Up the Confusion on the Two Kinds of PO “Accruals” Automatic Accounting Options

    The “Accruals” check box combined with an unobvious setting in the condition type instructs your R/3 system as to what kind of invoice you expect from vendors for indirect procurement costs—one for multiple purchase orders (POs) or one for just a single PO. The author explains why this choice can be confusing. Key Concept Most…...…

  3. Simplified Retroactive Rebate Processing with SAP S/4HANA Enterprise Management

    Managing retroactive rebates can be a time consuming and challenging task. This article introduces the condition contract management and settlement functionality available with SAP S/4HANA Enterprise Management, which simplifies this task and ensures high performance and accurate calculations. It walks through the key steps involved in configuring end-to-end retroactive rebate processing with the condition contract…

  4. Use SAP Acquisition Tax Accrual to Meet VAT Declaration Requirements

    In a few European Union (EU) countries, companies receiving goods without an invoice receipt must make an acquisition tax accrual and include it in a value-added tax (VAT) declaration to be able to comply with legal reporting requirements. The goods must have been shipped from other EU countries. Discover how SAP’s acquisition tax accrual functionality…...…

  5. Using SuccessFactors Employee Central Time Off Functionality

    Learn about SuccessFactors Time Off functionality within Employee Central. This functionality is included in Employee Central to store the time information of employees per your company’s requirements. Gaining a good understanding of the Time Off module and its capabilities gives project teams an understanding of the capabilities and provides how-to solutions for requirements. Key Concept…...…

  6. When and How to Develop Custom Functions and Operations

    SAP’s standard functions and operations provide functionality to solve most time and payroll calculations. But in some cases they don’t, and that is when you can develop custom functions and operations for both payroll and time management. The author introduces you to the basics, including how to design, code, and use them. SAP’s standard functions…...…

  7. Take Control of Customer Rebates in SD

    Learn how to make the necessary configuration changes and start using the Sales and Distribution rebate functionality in your ERP environment. This step-by-step guide explains how standard functionality supports automating your rebates accrual process to achieve higher accuracy, better visibility, and real-time updates posted to the Financial Accounting module. Key Concept A rebate agreement is…...…

  8. How to Perform Revenue Recognition in SAP CRM-IPM

    Learn how to recognize revenue on license sales contracts in SAP CRM-Intellectual Property Management as well as key technical details and the configuration of the process. Key Concept In standard SAP CRM and in Sales and Distribution the revenue of a sales order is recognized from billing (i.e., when a billing document is transferred to…...…

  9. Understand and Streamline Your R/3 HR Payroll-FI Integration: How to Debug Common FI/CO Problems Caused by Payroll

    Learn about common FI/CO problems caused by Payroll and how to debug the process. Key Concept The central integration object between SAP Payroll and FI/CO is the symbolic account, a four-character code that connects wage types in Payroll to accounts in FI/CO. Understanding the integration between SAP Payroll and FI/CO is critical to ensuring that…...…

  10. R/3’s Accrual Option: Same Setting, Different Functions in Sales Orders and Purchase Orders

    Freight costs are not easy to account for. The challenge comes from timing differences. You often might not know the real costs for a month or so. One functionality in R/3 that can help accountants with the timing issue is referred to as the “accrual” option in sales order and in purchase order (pricing) condition…...…