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fields Learn More

SAP Finance: What do GL account fields do?

The gentleman in charge of setting up all of the GL accounts at work and I were chatting about a conversion and he commented to me “I don’t know what..
invoice Learn More

SAP Finance: Handling invoice variances with three-way match

One challenge often faced in accounts payable is how to handle variances in the three-way match when posting invoices. SAP has a very robust process..
conversion Learn More

SAP Finance: Performing GL conversions correctly

It amazes me that GL conversions go so wrong so often. The recipe is straightforward and if the legacy data is good enough, there is rarely an excuse..
doc split Learn More

SAP Finance: How to configure SAP GL document splitting

The document splitter plays a crucial part in the derivation of profit center and consequently in the preparation of management financial statements...
bank account Learn More

SAP Finance: How to configure house bank accounts in SAP FICO

House bank accounts (HBAs) in SAP are often configured incorrectly during an implementation. This improper configuration causes problems later when..
lockbox Learn More

SAP Finance: How to configure Lockbox for Cash Application

The United States, unlike much of the world, still relies heavily on paper checks for payments. In order to facilitate internal control and to..