In SAP system, up to 3 currencies can be maintained for each company code such as Company Code Currency, Group Currency, & Hard Currency. The company code currency is specified in the company code settings, it is a mandatory currency. You can define additional 1 or 2 currencies for each company code. Oftentimes for group of companies, group [...]

SAP payment terms function as determiner of when a receivable from customer and a payable from vendor is due for collection/due for payment. Moreover, it function also as determiner when is a discount availed/granted and how much is the discount. The default payment term of an individual customer or vendor can be maintained in the [...]

Error Message: Message no. AC561 “Company code BP01 is live, this function is not possible”. Diagnosis and Analysis: Changing the ’reset reconciliation accounts function’ is not possible for company codes that are live. You’re resetting the asset g/l account to upload beginning balances of asset g/l account. Note that when a g/l account is set as [...]

Information message “Statement 00002 already exists; entry ignored” Analysis and Diagnosis The message “Statement 00002 already exists; entry ignored” occured during import of electronic bank statement to SAP  through transaction FF_5.  There are many causes why this message occured. I’d like to share an example based on the actual experience of one of my client. [...]

During migration of legacy asset data from previous non-SAP system to SAP system, there are special considerations that should be taken into consideration. Both the Consultant and Users should fully understand the processes of legacy asset data transfer and their effect on the system data. The transfer I want to expound in this article is more on manual [...]