Hello World! “What is GR/IR process in SAP System?” This is an interesting topic that I would like to expound in this article. 
SAP System
Case one:
In MM module of an SAP system, GR/IR stands for Goods Receipt/Invoice Receipt process. When the receiving department of the company receives the goods from a supplier, the said goods received [...]

This article is taken from http://www.sap.com.
From Start-Up Software Vendor to Global Market Leader
Over the course of three decades, SAP has evolved from a small, regional enterprise into a world-class international company. Today, SAP is the global market leader in collaborative, inter-enterprise business solutions. The company now employs more than 51,800 people, whose commitment and innovative [...]

How do you treat advances/downpayment to Vendor?
In Accounting point of view, Advances to vendors are treated in Accounting as Asset. The same treatment should be configured in SAP system. A special GL should be created for the said transactions with Vendors.
The standard SAP transaction that you use to post advances to vendor is F-48. Do remember [...]

ERP or Enterprise Resource Planning is a broad term used to describe the automation and integration of business processes of a business entity where data are stored in a centralized database. Companies, especially manufacturing entities have a lot of departments and business processes. These processes should be fully integrated and data should be stored in [...]

SAP system provides two procedures for processing withholding tax; the “Standard” and the “Extended” withholding tax. We’ll walk you through on the basic configuration steps of the latter procedure.
1. First, Check Withholding Tax Countries:
Path: IMG → Financial Accounting (New) → Financial Accounting Global Settings (New) → Withholding Tax → Extended Withholding Tax → Basic Settings [...]