SAP & Accounting Expert Vijay Zine
Articles By This Author
How to Create a Chart of Accounts in SAP – A Beginner’s Guide
In SAP, a Chart of Accounts (COA) is a structured list of all General Ledger (G/L) accounts used by a company or group of companies. Each account in this list serves a unique purpose and helps ensure that financial reporting is accurate and organized. Understanding COA is essential for preparing financial statements and analyzing financial […]
How to Create a New Company in SAP – Step-by-Step Guide for Beginners
Creating a new company in SAP is one of the initial tasks when setting up SAP for an organization. This guide will walk you through the six steps required to set up a new company using simple English and easy-to-follow instructions. Step 1: Accessing SAP Customization To begin, log into SAP and enter the transaction […]
What is SAP FICO? A Beginner’s Guide to Financial Accounting and Controlling
SAP FICO is a module within SAP ERP that stands for Financial Accounting (FI) and Controlling (CO). It’s used by companies to handle and manage their financial data. Think of SAP FICO as a tool that helps businesses keep track of their money—where it’s coming from, where it’s going, and how it’s being spent. With […]
What is SAP?
SAP stands for Systems, Applications, and Products in Data Processing. It’s a software used by businesses to manage various activities, like finance, sales, human resources, and inventory, all in one place. SAP helps a company’s different departments stay connected, so they can work together more effectively. This way, when someone from sales updates an order, […]
Key Updates to GSTR-2B API: Simplifying Input Tax Credit Claims for Businesses (October 2024)
What is GSTR-2B? GSTR-2B is a type of report in the GST system that shows all the purchases a business has made during a specific month. It helps businesses see how much Input Tax Credit (ITC) they can claim. ITC is the tax credit a business can use to lower its tax liability, making taxes […]