SAP FI: Payment Terms Set Up Example

Payment Terms Issue :

Payment term to be set up as below:

70 days, days of payment 15 and 30

Example:

Date invoice: 01/05/2011      Due date: 15/07/2011
Date invoice: 10/05/2011      Due date: 30/07/2011

SOLUTION:

We have created 3 payment terms with the day limit as 6, 21 and 31.

In the 'payment term' field of OBB8, we have input:

Payment term  Fixed date  Additional months
ZTE6-6            15              2
ZTE6-21          30              2
ZTE6-31          15              3

Required URJENTLY SAP Certified (FICO/SD/MM/PP) or 1 year experience in SAP Implementation / Support

SAP Hirings only in Bangalore for Bangalore on 14 MAY 2011

Please do not forward candidates who are in other locations - if they are willing to travel on their own and only if they meet the below needs please forward.

so why wait, Start forwarding now !!! Please read the requirement and eligibility criteria below :-

Forward your CV who has about  4 to 8 years of experience in their respective domains and also is a SAP Certified professional OR has Minimum of  1 year experience in SAP implementation/support in the following skills: The fast track batches are open only for SD/MM/PP/HR/FICO.

Please send their resumes to sap.vvr@gmail.com before Friday.

 

 

SAP : Define Substitution

Define Substitution:

 

With Substitution, you can define the correct value in a particular field. This happens in the background. Substitution happens for all the accounting documents for which the said prerequisite statement satisfies. Substitution changes the value in that particular field, if it contains any data. This happens even when you change the document also. So, be cautious while designing the scenario in relation to substitution.

 

A substitution step contains the following statements:

 

 

•        Prerequisite statement:

 

a.    The prerequisite statement establishes which conditions must be fulfilled before the substitution can be performed.

 

i.    If the prerequisite statement is false, the transaction is continued without substitution.

 

ii.    If the prerequisite statement is true, the transaction is continued with the substituted values.

 

 

•        Substitution value(s):

 

b.    The substitution value is a numerical value or a string of letters that replace the value entered.

 

c.    A single substitution process can replace more than one value.

 

 

•        Substitution exit:

 

d.    You can specify that substitution is to be performed through a substitution exit.

 

e.    The substitution exit number directs the system to an ABAP program defined by the user.

 

f.     Substitution exits enable you to define more complex substitutions and replace more than one value in a substitution.

 

g.    The prerequisite statement used in a substitution can consist of a simple statement or a complex combination of statements composed of logical statements, rules, and sets.

SAP FI: SWIFT Code details

SWIFT code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money and messages between banks.

The SWIFT code consists of 8 or 11 characters. When 8-digits code is given, it refers to the primary office.
First 4 characters - bank code (only letters)
Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
Next 2 characters - location code (letters and digits) (passive participant will have "1" in the second character)
Last 3 characters - branch code, optional ('XXX' for primary office) (letters and digits)

source: theswiftcodes.com

SAP: ASAP Implementation Check List !!!

ASAP Implementation check list, gives you the details in brief.

 

You can find details each phase wise.

 

Click here for the file.

SAP Cutover Activities : Master Data Uploading Strategies

Master Data Uploading Strategies depends upon when we are going live.  As per that, you have to give the information to Core Team. 

 

--> If you are going live at the middle of the year then you have to upload the all P&L Account items and B/S Items.   
--> If you are going live at the financial year start, you have to upload only the B/S Items.

Activities for Golive: 

1.   G/L Master Upload through BDC or LSMW (Upload using the TC: FS00 and extend one company code to another company code using the TC: FS01)
2.   Vendor Master Upload Thru BDC Or LSMW (Will be taken care by MM Consultant, Reconciliation account anc payment terms at company code level will be provided by FI) 
3.   Customer Master Upload Thru BDC or LSMW (Will be taken care by SD  Consultant, Reconciliation account anc payment terms at company code level will be provided by FI)  4.   Asset Master Upload (TC: AS90) 
5.   Cost Element Master Upload (TC: KSH1) 
6.   Cost Center Master Upload  (TC: KS01)
7.   Profit Center Master Upload  (TC: KE53)
8.   G/L Balances (TC: FB01) 
9.   Vendor Balances (TC: F-43) 
10. Customer Balances (TC: F-22) 
11. Customer Advances (TC: F-29) 
12. Vendor Advances (TC: F-48)
 
In case WHT is activated for the specified comapny code the before uploading Vendor Balances you have to take care of WHT(TDS) Information.