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 all of these settings do. I just follow the instructions that you guys gave me.” It dawned on me that many people do not know what all of the settings on an account do, but making mistakes here can cause serious trouble down the line.
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 for ensuring that invoices are matched against the PO and GR. In this three part series, first, we'll review the business process and how SAP enables it. Second, we'll discuss handling variances through posted invoices in MIRO. Third, we'll discuss handling variances through parking invoices and...
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 to have trouble during GL conversions. Yet, I've seen quite a few go off track. So in this series of posts, I'd like to talk about the critical points to doing them correctly.
House bank accounts (HBAs) in SAP are often configured incorrectly during an implementation. This improper configuration causes problems later when additional sub modules such as Electronic Bank Statement (EBS), Cash Forecasting, and Check Reconciliation are brought into scope. In this article, we explore how house bank accounts connect to physical bank accounts, some key settings, and common pitfalls to avoid.