Maintaining Multiple Currencies for Company Code in SAP S/4HANA

FIN (Finance)

In SAP, things are continuously changing and becoming more compatible with real-time scenarios. One of the changes is parallel currency; their business can use multiple currencies for company codes. The parallel currency functionality can assist multi-national corporations in recording their financial transaction and producing financial reports in several currencies. Introduction The blog approaches the real-time […]

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Manage Automatic Payments-Automatic Payment Advice By Email

FIN (Finance), SAP S/4HANA, SAP ABAP Development

Introduction: The payment run process is an accounts payable process that is used to handle payments to vendors. The process is called an automatic payment program. The automatic Payment Program (F110) is used to clear the open invoices and post the payments against the invoices. F110 is the standard t-code or Manage Automatic Payment Application […]

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BCM overview and configuration

FIN (Finance), SAP Bank Communication Management

Assumption: Reader has basic knowledge on Accounts payables and is aware of FBZP set up in the system. Overview: BCM stands for Bank Communication Management, which is a component under FSCM (Financial Supply Chain Management). BCM is responsible for communication with a bank in terms of payments sent, acknowledgments received and approval workflows before payments […]

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Provisioning of Overdue receivables using Value adjustment key in SAP S/4 HANA 1909

FIN (Finance), SAP S/4HANA

Introduction: Companies having huge volume of customers may have invoices delayed for payment or due for a long period of time leading to doubtful receivables. As a part of month end process, an organization might require to post provisioning entries for such doubtful receivables. Main Problem: By using traditional transfer posting and provisions for doubtful […]

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Change to a new Fiscal Year

FIN (Finance), FIN General Ledger, MM (Materials Management), SAP ERP

Fiscal Year Change We live in a dynamic world today that is ever changing. Companies are acquiring other businesses or are being acquired. All of these acquisitions present challenges for all companies involved. One key change that frequently occurs is when the parties involved have different fiscal years. This blog will discuss a change that […]

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Top-Down Distribution in SAP S/4HANA

FIN (Finance), SAP S/4HANA Finance

Introduction This blog post continues a series of Controlling related topics, which circle around showcasing new functionalities in SAP S/4HANA Cloud, comparing functionalities between SAP S/4HANA Cloud and SAP S/4HANA (on premise), as well as general topics to be considered from Management reporting/Controlling point of view when implement SAP S/4HANA. Focus of this blog posting […]

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Robotic Process Automation on Payment processing based on Purchase Order / Invoice number

FIN (Finance)

Background In procurement process in large corporate generally raise a bulk (Monthly/Quarterly/Half yearly/Yearly) Purchase Order (PO) on Vendor/Business partner based on the business Sales plan. Delivery and Invoicing from the supplier can be in multiples. As a business process, payments are processed against a Purchase Order rather on individual deliveries. When a customer is invoiced […]

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