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Ashish Sampat is a qualified finance and costing professional with over 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.

Improve Performance of SAP Material Ledger Closing Cockpit

 

Improve Performance of SAP Material Ledger Closing Cockpit

By Ashish Sampat

Ashish Sampat 2018 12 1

If you experience long run-times during SAP Material Ledger close, this blog is for you.

How much your products cost is essential to determining actual profitability. Yet most decisions are based on the standard cost since it is not easy to determine your actual costs.

SAP Material Ledger Actual Costing bridges this gap. It provides you the ability to capture actual costs by tracking variances at the material level.

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Explore Various Cost Objects in SAP Controlling

 

Explore Various Cost Objects in SAP Controlling

by Ashish Sampat

Ashish Sampat

I often get asked about the difference between a Production Order and a Process Order. When is it beneficial to use one over another?

From a 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.

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Fundamentals of SAP MM-FI Account Determination

 

Fundamentals of SAP MM-FI Account Determination

by Ashish Sampat

Ashish

 

Colleagues often ask me about the integration of Materials Management (MM) & Financial Accounting (FI):

  • How do postings from MM flow into FI

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

  • Is there a way to change the posting to a different GL Account

  • How do we identify which movement types point to a specific GL Account

  • How do you create a new movement type and assign it to a specific GL Account

Many SAP practitioners, IT and business alike, do not know where to start on MM-FI data flow and reconciliation. This blog clarifies the fundamentals of MM-FI account determination.

Configuration Transaction OBYC forms the core of the integration between the MM, FI, and Controlling (CO) modules in an SAP ERP system.

 

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SAP MM-FI Account Determination

 

SAP MM-FI Account Determination

Ashish Sampat

Ashish

Several colleagues have asked me questions about integration of MM and FI such as:

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How to make Trading Partner a required entry Part II

 

 

Make Trading Partner a Required Entry Part II

By Ashish Sampat

Ashish Sampat

This is Part II of Make Trading Partner a Required Entry Part I

 

Can You Make Trading Partner Required While Posting Financial Documents?

 

You have three alternatives:

 

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How to make trading partner a required entry (Part I)

 

Make Trading Partner a Required Entry Part I

By Ashish Sampat

Definition

Trading Partner is a term used in trade and commerce and is generally defined as:

One of the two or more participants in an ongoing business relationship.

Keep reading next blog: Trading Partner Part II

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