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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.
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.
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.
Colleagues often ask me about the integration of Materials Management (MM) & Financial Accounting (FI):
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.
Several colleagues have asked me questions about integration of MM and FI such as:
You have three alternatives:
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.