Can we change the reconciliation account in the vendor master data after transaction(s) have been posted to the vendor? YES, the reconciliation account can still be changed. However, there are some prerequisites that need to be done first. I’d like to share the configuration changes and procedures: A. Set the “Reconciliation Account” field in the vendor [...]

This article is a quick reference on how to set the default value of baseline date for payment. A baseline date for payment is the date for which the payment terms apply. It’s the basis of the sytem to determine the cash discount taken (from vendor) or cash discount given (to customer). During entry of customer and vendor [...]

One SAP Consultant asked us through email and we quote ”what is the effect of document postings in prior year(s) where carry-forward process have been carried out in those prior year(s)”. Because of our extensive experiences in SAP implementation and support, we were able to satisfy the SAP Consultant. We would like to share the answer on the query. You may share it also to [...]

1. Define Tax Calculation Procedure Use In this activity, you define calculation for tax procedure. If there are existing ones, you may wish to change it to match with the correct tax set-up. Procedure a) First, access the activity using one of the following navigation option: IMG Path Financial Accounting (New) → Financial Accounting Global [...]

Purpose In this activity you define posting keys. During posting of entry, a user is required by the system to specify posting key.  It controls how a line item is entered and processed in the system. For each posting key, you define among other things: which side of an account can be posted to, which [...]