Introduction to SAP Joint Venture Accounting, Part II

5 results

  1. 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…
  2. 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…
  3. 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…....…
  4. Speed Up Your Closing by Automating the Generation of Settlement Rules

    Learn how to automate the process of generating settlement rules for expense projects. Using settlement strategy and validations in work breakdown structure (WBS) elements for expense projects, you can make your month-end processing more efficient. Key Concept A settlement rule defines the settlement receiver and the percentage the receiver is going to get during the…...…
  5. Use Business Place Functionality to Cater to Branch-Wise Automatic Payments

    Learn how to use business place functionality in an SAP Financial Accounting (FI) system to pay invoices branch-wise. Discover how business place can help a local branch of an organization meet its requirement to pay its own invoices through automatic payment programs for audit trails. Key Concept SAP introduced business place as a reporting entity…...…