How to Assign Cost center to asset for different time

The cost center assignment is made in the TIME DEPENDENT tab of the asset master data and can be set for specific validity period. The validity period is important because an asset can belong to one cost center for specific time period and then belong another cost center in different time period. And SAP System […]

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How to direct posting to Asset Reconciliation Accounts

Reconciliation accounts ensure that data from a subledger account flows seamlessy to SAP General Ledger, its normally you can’t direct posting to reconciliation account to preserve the integrity of data passed from subledger, but you need to do direct posting to reconciliation account is necessary in Fixed Asset Accounting because during migration SAP General Ledger […]

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How to maintain cost center standard hierarchy

The cost center standard hierarchy should represent your company’s structure and be what you use most often in your reporting. This is because the standard hierarchy, which is guaranteed to contain all of the cost centers in a controlling area, is easily maintainable You can maintain cost center standard hierarchy with transaction OKEON or via following SAP menu […]

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How to define fields in Customer or Vendor as sensitive fields

Several fields in vendor and customer master such as bank account details, tax identification number need to be monitored to ensure that any changes made of them have been approved. If these fields are freely modifiable without the necessary approval and this is could be lead to issues of fraud or payments error. If you […]

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Plan Cost Splitting in SAP

During plan cost splitting, the system splits the activity independent cost of a cost center among the activities types of that cost center. Plan costs are split automatically during plan price calculation. Here the step to split planning cost, you can plan activity independent and activity independent costs with transaction KP06 or the following SAP […]

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