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What is a ‘Bank Director’ in SAP?
SAP stores the master data (details such as bank key, bank name, bank country, bank address, and so on) relating to the banks in ...
What is ‘Dual Control’ in Master Records?
‘Dual Control’ helps to prevent unauthorized changes to the important and ‘sensitive’ fields in the master records in the system. (All such sensitive fields are defined ...
Explain ‘Tolerance’ in Transaction Processing.
‘Tolerances’ are defined in the system to facilitate dealing with the differences arising out of accounting transactions and to instruct the system on how ...
What is the ‘Trading Partner’ concept?
The ‘Trading Partner’ concept is used to settle and reconcile ‘inter-company transactions,’ both sales and purchases. This is generally achieved by entering the Company-ID ...
Who is an ‘Alternate Payee’?
A customer who pays on behalf of another customer is known as an ‘Alternate Payee’ (or Alternate Payer). Though the alternate payee pays on ...
Explain ‘Customer/Vendor Master Records’.
There are three categories of data maintained in a typical master record for a customer: General Data includes general information such as account number, ...
What is TABLE in SAP?
In SAP, a table refers to a database table that stores structured data. SAP uses a relational database management system (RDBMS) to organize and ...
SAP online resources that every SAP Consultant should be familiar with…
SAP consultants should stay abreast of the latest advancements, best practices, and resources within the SAP ecosystem. The following list highlights ten important SAP ...
List of SAP SD (Sales & Distribution) T-Codes
SAP SD T-CODES OVX5 Define Sales OrganizationOVX3 Assign Sales Organization to Company CodeOVX4 Define Sales GroupOVX6 Assign Plants to Sales Organization / Distribution ChannelOVXB ...
Procure-to-Pay (PTP) process (T-codes) in SAP
Knowledge for the day: “Procure-to-Pay (PTP) process (T-codes) in SAP”
What is the ‘New FI-GL’ in FI in ECC?
The traditional or ‘Classic FI-GL accounting’ in FI has been focused on providing comprehensive external reporting by recording all business transactions in the system. ...
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