General Ledger Accounting is essentially functions as a complete record for all financial business transactions. All business transactions that have financial impact are posted to the appropriate general ledger account. On my opinion, SAP is the best ERP business software in the world. All components are fully integrated. The general ledger accounting of the system receives automatically all financial transactions from other component i.e. [...]

Error message: Message no. CJ052 “WBS Element ABCDEFG.1 is not a billing element” Analysis and Diagnosis: During posting to a revenue g/l account in Financial Accounting through F-22 or F-02, the above error message occured when WBS element ABCDEFG.1 is used. Because the WBS element ABCDEFG.1 is not defined as a billing element, you can not post revenues to [...]

Here are some of the basic and important configuration steps and activities of SAP correspondence; for your reference and info: A. Define Correspondence Types – a correspondence type represents the types of letters in the system. Configuring correspondence types lets you defines the specifications required when using those types created. Menu Path: IMG → Financial Accounting [...]

Error Message: Message No. F5580 – Balance in Group Currency AUD is too large for automatic correction. Diagnosis: If the group currency is managed in a company code, it is possible that the balance in document currency is zero, but not in Group currency. Providing the balance in Group currency does not have more currency [...]

Error Message: Message no. KD256 – “There are no accrued amounts; settlement is not possible”. Analysis and Diagnosis: The above error message encountered during settlement through transaction CO88. The sender has a results analysis key, but no accrued values. Either the accrual was not yet started for the sender, or the values to be settled [...]