In accounting point of view, Financial Accounting (FI) and Management Accounting/Controlling (CO) are two branches of accounting. Each branch has different purpose, serves different type of information users and uses different types of data and information. The following clearly distinguish the two branches of accounting:
Financial Accounting output such as the financial statements generally used by [...]

What is S A P?
S A P stands for System, Applications and Products in Data Processing (in German, Systeme, Anwendungen, Produkte in der Datenverarbeitung). S A P is the name of the Company that have developed the SAP business system, likewise of the system.
S A P is a German international software company founded in 1972 by [...]

Most SAP people might be asking, what is a reconciliation account and special general ledger indicator in SAP Financial Accounting? Well, my dear readers surely you will be enlightened by this article.
First, you must understand the definition of general ledger. General ledger is the main accounting record of a business which uses double-entry bookkeeping. In [...]

Error Message:
Choose an output device
Message No.: RECPSF042
Analysis & Diagnosis
When I’m trying to display the print preview of the condition cash flows simulation of the flexible real estate contract, the above error message appeared.
Solution & Procedure
SAP recommends specifying and output device in the user master record so that you do not have to repeat the entry every time you stard the [...]

Error Message
Only a customer/vendor is allowed for document type DZ.
Message No. F5167
Analysis & Diagnosis
During posting of payment transaction using document type DZ, the above error message occured when more than one customer account open item entered.
This transaction contains the document type ‘DZ’ and several open items. Document type ‘DZ’ has been so configured, however, that [...]

ERROR MESSAGE
“Account INT-160600 not allowed to be defined as reconciliation account” .
Message No.: AC309
ANALYSIS
The above error message occured when saving the configuration changes in “Acquisition from affiliated company” through config transaction AO90. Here’s the configuration path that prompted the error:
Path: IMG → Financial Accounting → Asset Accounting → Integration with the General Ledger → Assign G/L Accounts.
Transaction Code: AO90 
G/L [...]

Error message:
“Account ‘Acquisition from affiliated company’ could not be found for area 01″
Message no.: AU133
 Analysis 
The above error message occured during posting of intercompany asset transfer through transaction code ‘ABT1N‘.
Path: SAP Easy Access  Menu → Accounting → Financial Accounting → Fixed Assets → Posting → Transfer →  Intercompany Asset Transfer .
Transaction Code: ABT1N
Diagnosis
When Creating the accounting document, the system could not find account [...]