Interest calculation configuration can be done by two methods i.e Interest calculation on account balances and Interest calculation on areas. Interest calculation configuration steps Step 1: – Define interest calculation procedureStep 2: – Prepare account balance interest calculationStep 3: – Define reference interest ratesStep 4: – Define Time based termsStep 5: – Enter interest valuesStep […]
Create Customer master data by XD01
Create Customer master data Customer master data can be created by using the following navigation options in SAP. You can create customer master data by using the reference customer data or creating new customer account. Customers are business partners whom the organization does sales related transactions. SAP R/3 Path: – SAP Menu > Logistics > Sales and […]
Maintain terms of payment SAP
Maintain terms of payment The following tutorial guides you how to Maintain terms of payment in SAP. We are creating payment term key CP03 which is applicable for both customers and vendors. Payment terms: If the payment is made with in 14 days – 5% discount, or with in 20 days – […]
Define partner determination procedure sap
Define partner determination procedure SAP IMG Path: SPRO > SAP Reference IMG > Sales and Distribution > Basic Functions > Partner Determination > Setup Partner Determination On choose activity screen, click on “Setup partner determination for Customer Master” On change view “partner determination procedures”: overview screen, select new entries Select […]
How to Define Tolerance group for vendors /Customers
Define tolerance group for vendors /Customers Importance of tolerance group : – The tolerance group is very important to define in SAP system to facilitate dealing with the differences in payment SAP R/3 IMG Menu Path : – IMG > Financial accounting > Accounts receivable and accounts payable > Business transactions > […]
Assign Number Ranges to Customer Account Groups
This tutorial guides you how to Assign Number Ranges to Vendor Account Groups in SAP FI Steps for Assign Number Ranges to Customer Account Groups IMG Menu path :- Implementation Guide for Customizing (IMG) -> Financial Accounting -> Accounts Receivable and Accounts Payable -> Customer Accounts -> Master Data -> Assign Number Ranges to […]
How to Create Number Ranges for Customer Accounts
This tutorial guides you how to Create Number Ranges for Customer Accounts Steps to Create Number Ranges for Customer Accounts IMG Menu Path :- IMG > Finance Accounting –> Accounts Receivable and Accounts Payable –> Customer Accounts –> Master Data –> Preparation for creating customer master data –> Create Number Ranges for Customer […]
How to Create Number Ranges for Customer Accounts
This tutorial guides you how to Create Number Ranges for Customer Accounts Steps to Create Number Ranges for Customer Accounts IMG Menu Path :- IMG > Finance Accounting –> Accounts Receivable and Accounts Payable –> Customer Accounts –> Master Data –> Preparation for creating customer master data –> Create Number Ranges for Customer […]
How to Create Customer Account Groups in SAP
This Tutorial guides you how to create customer account groups in SAP FI. Let configure the below customer account groups Group Name A001 Domestic Customers A002 Export Customers A003 One time Customers Steps to create customer account group :- IMG Menu Path :- IMG > Finance Accounting –> Accounts Receivable and Accounts […]
Assign Tax Calculation Procedure to Country in SAP for GST
How to Assign tax calculation procedure to country for GST in SAP The following tutorials guides you how to assign tax calculation procedure to country IN (India) for SAP GST IMG Path: IMG > Financial Accounting > Financial Accounting Global Setting > Tax on Sales/Purchases > Basic Settings > Assign […]