All you need to know about Electronic Bank Statement – CAMT 054 format

SAP S/4HANA, FIN (Finance)

This is a techno-functional blog, prepared to help both technical and functional consultants. What is EBS? Electronic Bank Statement is provided to the account holders in standard formats, e.g. CAMT, MT940, BAI2 etc. As a part of Payment Transaction processing, EBS can be imported and posted in SAP for reconciliation. What is CAMT 054 format? […]

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FI – SD Integration – Understanding Flow – SAP ECC

FIN (Finance), SAP S/4HANA

FI-SD Integration FI-SD integration is very important topic for FICO consultants. This is the one of most asked interview question and lack of knowledge/concept could result in rejection. This concept could be understood in totality to avoid any confusion. FI-SD integration knowledge for FICO consultant is must in Implementation/Support/Roll Out projects. Scope Purpose VKOA – […]

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Purchase Order Accruals in S/4HANA 1809

FIN (Finance), MM (Materials Management), SAP S/4HANA Cloud Finance

Today for any Company, compliance with financial reporting procedures has become a hallmark of financial transparency in reporting of net profit , Assets and Liabilities e.t.c Companies are striving hard to automate their month end closing processes to ensure timely flow of financial information for the reporting purpose, accurate recognition of expenses and liabilities at […]

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Central Payments in SAP S/4HANA Central Finance

SAP S/4HANA Finance, FIN (Finance)

Overview The Central Payment capability of Central Finance allows you to execute most of your financial operations in the newly created S/4HANA landscape while keeping your source system active. The invoice is posted in ECC or R/3 system, and payment could be done in S/4HANA. Also Read: What is SAP S/4HANA Financial Accounting Certification? Introduction […]

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S/4 HANA Finance: Foreign Currency Valuation – Transaction FAGL_FCV + Simulation Ledger

SAP S/4HANA, SAP S/4HANA Finance

The following blog will focus on the functionality of Foreign Currency Valuation in S/4 HANA Finance, differences with older versions, and how it is connected to the Simulation Ledger (Extension Ledger) set in transaction FINSC_LEDGER. Configuration and testing scenarios will be shared in this post. The word “S/4” will be used to refer to an […]

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