Workflow to Verify General Journal Entries per Level by Amount

SAP S/4HANA Cloud, SAP S/4HANA Cloud for Finance

One of the most common requirements is the segregation of responsibilities in the Finance department: who can Post Journal Entries (JE)? Who can Submit JE? Who can Verify to accept or reject the JE? SAP S/4HANA Cloud provides you a standard solution to configure flexible workflows in the Verification Journal Entries process, where you can […]

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Test Your Custom Bank Statement Definitions in Map Format Data

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

With the release of SAP S/4HANA Cloud 2302 users of Map Format Data can use a new application called Test Incoming Format Mappings. With this tool, it’s easier to define a Format Mapping in Incoming direction, for example, custom specifications of MT940, CAMT.053/4, MT300, MT320, etc. You can now continuously check while defining whether the […]

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Straight Line Revenue Recognition-IFRS 16 Using Valuation Approach

FIN (Finance), SAP S/4HANA Finance, FIN Accounts Receivable and Payable

SAP Flexible Real Estate management (RE-FX) has provided so many out of the box functionalities which continue to facilitate Real Estate companies to automate their business processes, provide real-time reporting of Real Estate portfolio and integrate posting from RE-FX to accounting (FI/CO). Linearization of operating leasing income over the entire duration of the lease out […]

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SAP S/4HANA Cloud for advanced financial closing: SCIM V2

FIN (Finance), SAP S/4HANA Cloud, SAP S/4HANA Finance, SAP S/4HANA Cloud for Finance

With the latest major release 3.0 of SAP S/4HANA Cloud for advanced financial closing (AFC) on January 19th, 2023, the new feature System for Cross-domain Identity Management (SCIM V2) was introduced. Background of this feature In previous releases of SAP S/4HANA Cloud for advanced financial closing (AFC), it was only possible to introduce users and […]

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Migrate / Customer Opening Balances Upload in Rise with SAP Cloud 2208

SAP S/4HANA Finance

Introduction: This blog will guide you with the steps required for migrating “Customer Opening Balances” into the SAP S/4HANA Cloud 2208. The SAP S/4HANA Cloud migration cockpit is a tool designed for customers who have just installed SAP S/4HANA Cloud (new implementation scenarios) and want to transfer their business data from SAP or non-SAP software […]

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