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ERPCorp SAP FICO Blog

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Ashish Sampat is a qualified finance and costing professional with nearly two decades of industry experience in the SAP Finance and Controlling space. Ashish has been an SAP consultant for most of his career with various consulting organizations and now works as an independent SAP FI/CO consultant. He has provided solutions in...

Speaker Badge

Ashish Sampat is a qualified finance and costing professional with nearly two decades of industry experience in the SAP Finance and Controlling space. Ashish has been an SAP consultant for most of his career with various consulting organizations and now works as an independent SAP FI/CO consultant. He has provided solutions in several areas of SAP Controlling including product costing, material ledger, and cost center accounting to global clients in consumer packed goods, life sciences, and industrial sectors. Born and educated in India, Ashish now lives in suburban Chicago with his wife and two kids. Ashish is the author of First Steps in SAP Controlling (CO) and Expert Tips to Unleash the Full Potential of SAP Controlling.

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Improve Performance of SAP Material Ledger Closing Cockpit

Ashish Sampat 2018 12 1Many SAP installations experience long run-times during Material Ledger close. This Blog explains a function that can help expedite Material Ledger close.

Knowing how much a product costs is essential to determining actual profitability. Yet most decisions are based on the standard cost of the product, given that it is not always easy to get an accurate picture of the actual cost. Actual costing functionality provided by the Material Ledger component of SAP Controlling bridges this gap. It provides the ability to capture actual costs by tracking variances at the material (product) level. This section provides an overview of actual costing in SAP Material Ledger.

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Guest — Praveen Ratawal
Excellent learning for material ledger.
Friday, 19 July 2019 15:12
John Jordan
I agree Praveen - good solid SAP Material Ledger basics without the HANA hype. Remember you can meet Ashish and other expert speak... Read More
Friday, 19 July 2019 22:41
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Explore Various Cost Objects in SAP Controlling

Ashish SampatI often get asked about difference between a Production Order and Process Order. When is it beneficial to use one over another?
As such, from controlling point of view, both objects have similar features. It is mainly on the Production Planning and Shop Floor Execution side where we see a difference. The main advantage of using Process Order is use of Process Instruction Sheet, or PI Sheet for day-to-day shop-floor activities. Whereas both the scenarios use Material Masters and Bills of Materials; Production Orders use Work Center (Machine) and Routing (sequence of operations) – Process Orders use Resource (Machine) and Recipe (sequence of operations and which component is issued during which operation). The decision on whether to go with Production Orders or Process Order would depend upon type of industry and fitment and is largely driven by the Production Planning team.


While we are on this topic of Production Orders and Process Orders, it might be beneficial to speak about other Cost Objects that are offered in Controlling.

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Recent Comments
Guest — Rahul Kumar
At Talent Magnifier we have crafted SAP FICO Training Course as per the international standard. The candidates who want to advance... Read More
Monday, 27 August 2018 11:04
Guest — Dwipanita Sarkar
Nice details. Thanks sir for Sharing this Article.
Tuesday, 27 November 2018 16:27
Guest — Prince Arora
Are you finding solutions In Logistics, Distribution, Financials, Manufacturing and etc... then, SAP Training Course Is best for y... Read More
Thursday, 08 August 2019 11:04
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Fundamentals of MM-FI Account Determination

AshishSeveral colleagues have asked questions about integration between Materials Management (MM) and Financial Accounting (FI) module:

- How do postings from MM flow into FI?

- How do we find out what occurs behind-the-scenes?

- How do we identify which movement types are pointing to a specific GL Account?

- Is there a way by which we can change the posting to a different General Ledger (GL) Account?

- How does one create a new movement type and assign it to a specific GL Account?

Many SAP practitioners – IT and business alike – are in similar situation and do not know where to start on MM-FI data flow and reconciliation. This blog is an attempt to clarify the fundamentals of MM-FI account determination.

Configuration transaction OBYC forms the core of SAP’s integration between the MM, FI, and Controlling (CO) modules in a traditional SAP ERP system.

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Guest — K.Lakshmanaswamy
Iam very thankful to you, every time you post all informative post thanks for the great share keep posting. SAP FICO Online Traini... Read More
Friday, 15 December 2017 17:17
Guest — Ramesh Munigadapa
Nice explanation
Monday, 18 December 2017 11:12
Guest — Bhaveshkumar Patel
Its noting new people require innovative, Most of the Certified people know how MM and FI work , but still appreciate your hard wo... Read More
Wednesday, 25 July 2018 04:45
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Fundamentals of MM-FI Account Determination

AshishSeveral colleagues have asked questions about integration between Materials Management (MM) and Financial Accounting (FI) module:

- How do postings from MM flow into FI?

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Guest — Mike P
Great article & simple to understand.
Wednesday, 23 August 2017 02:01
Guest — Wolfgang
Thanks for this nice overview of the MM account determination! I am surprised to see in my project work, how often the FICO collea... Read More
Sunday, 10 September 2017 12:47
Guest — Lee Geok kim
Great article for new learner
Friday, 26 April 2019 00:18
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How to make trading partner a required entry (Part II)

How can we make Trading Partner a required entry while posting financial accounting documents for certain GL Accounts?
There are three possible alternatives to achieve this goal: Field Status Groups, Document Types and FI Validation. We will look at each of these options below.

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Guest — KrishRaju
Hi Ashish, Thanks for the detailed excellent document. Very useful. I got this link wile searching for an issue with field status... Read More
Friday, 05 August 2016 15:39
Guest — sri
Hi Ashish very good document
Monday, 16 October 2017 06:38
Guest — Ameen
Hello, Good article... I have used the same validation for the Trading Partner and Created Set for GL Accounts. Below are the i... Read More
Wednesday, 16 May 2018 14:42
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How to make trading partner a required entry (Part I)

Trading Partner: Definition
Trading Partner is a term used in trade and commerce and can be generally defined as “one of the two or more participants in an ongoing business relationship”1

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Guest — Ulises
Hi Ashish I am checking your posting because I have a TP requirement. There is block some Trading Partners for posting, I crea... Read More
Friday, 02 December 2016 17:59
Guest — Rishabbh
What will be the impact on Open Items if we try to activate Trading Partner in the middle of any accounting year?
Saturday, 02 February 2019 18:55
Guest — Ashish Sampat
Hello Rishabbh, Thanks for reading through the blog and posting your query. Trading Partner validation is only with prospective e... Read More
Sunday, 14 July 2019 23:06
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