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 [...]
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 invoice [...]
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The Fixed Asset Accounting component of SAP system handles transactions and data for company’s fixed assets. Just like the AR (customers) and AP (vendor) component, each fixed asset is treated in the system as subsidiary ledger. Each fixed assset has a complete record in the system, from acquistion to retirement. This component has seamless integration [...]
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 [...]
