Introduction to SAP Joint Venture Accounting, Part II

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  1. business partners

    An Introduction to SAP Joint Venture Accounting, Part I

    Reading time: 6 mins

    A joint venture (JV) is an arrangement in which two or more parties come together and agree to pool their resources for a specific task. This task can be a new project or any other business activity. In a joint venture, each partner is responsible for profits, losses, and costs associated with the venture. Joint…
  2. Signing joint agreement

    Introduction to SAP Joint Venture Accounting, Part II

    Reading time: 8 mins

    A joint venture (JV) is an arrangement in which two or more parties come together and agree to pool their resources for a specific task. This task can be a new project or any other business activity. In a joint venture, each partner is responsible for profits, losses, and costs associated with the venture. Joint…
  3. Leverage SAP Product Costing for Joint Production

    Joint production is a production process of two or more finished products. In this example, the production cost is shared between the finished manufactured products. Learn the basics of apportionment of the standard cost between the primary finished product and other co-products. Discover the significance of a preliminary settlement transaction for the variance calculation of…...…
  4. Set Up the Optimum Order for Bank Account Transfers

    Ensure that your employees’ critical accounts are credited first when setting up multiple bank transfers for payroll. Key Concept An SAP system stores bank detail information on infotype 0009. Every employee must have a subtype 0 (main bank) account. A bank transfer allows the employer to transfer funds automatically to the employee’s bank. A check…...…
  5. Unlocking Business Opportunity

    Transforming your organization into a digital enterprise involves more than just updating your website or creating a new app. A successful digital enterprise provides a seamless end-to-end customer experience, requires a digitized core business, and last but far from least, has a strong digital ecosystem of business and technology partners. Read on to learn why…
  6. SAP Invests in Leading Generative AI innovators – Aleph Alpha, Anthropic, and Cohere

    SAP has announced strategic investments in three leading generative AI innovators – Aleph Alpha GmbH, Anthropic PBC, and Cohere. SAP’s AI approach includes a comprehensive strategy that involves significant direct investments, robust research and development for AI applications, and collaborations with prominent entities like Microsoft, Google Cloud, and IBM. SAP’s reaffirmed commitment to an open…
  7. SCHOTT KAISHA Bottles a Fresh Start

    SCHOTT KAISHA is a prolific provider of containers for the pharmaceutical industry, but as its business increased, the organization’s legacy system could not contain its growth. The company needed a systems upgrade if it was going to keep up with the pace of production. To do so, it partnered with Deloitte to undergo an SAP…
  8. Use Document Types for Budget Availability Control in SAP PS

    See how, why, and where you can configure budget availability control based on document types to improve your project controlling efficiency with a standard SAP system. Key Concept Budget availability control in the Managerial Accounting (CO) and Project System (PS) modules is a standard SAP functionality that automates budget control through warnings and error messages…....…
  9. SAP Leonardo + Location-Based Intelligence = Insights into Customer Traffic and Engagement

    Offering personalized services can improve the customer experience for nearly any type of business. Companies leading in this digital age are establishing a competitive advantage by deploying technology that leverages data generated by customer behavior to improve their customers’ experience across different channels. Learn how lighting manufacturer Acuity Brands — which provides lighting, lighting controls,…
  10. Microsoft and RISE with SAP: Better Together

    In an ever-shifting technological landscape, businesses are searching for every tool at their disposal to quicken innovation and maximize efficiency. Many are turning to RISE with SAP to get the most out of their move to the cloud. In a transition like this, it is imperative that businesses have a partner with experience in cloud…