What Is Difference Between Company and Company Code in SAP?

How many Chart of Accounts can company code have?
You can have one Chart of Account for one company code which is assigned.
What is the default exchange rate type which is picked up for all SAP transactions?
For all SAP transaction, the default exchange rate is M (Average Rate).
What is a field status group?
'Field status groups' control the fields which come up when the user does the transactions. In FIGL
(Financial General Ledger) master, the field status group is stored.
What is "dunning" in SAP?
'Dunning' is the process by which payment chasing letters are issued to customers. SAP can
determine which customers should receive the letters and for which overdue items. Different letters
can be printed in SAP depending on the overdue payment date, with a simple reminder. With the
help of dunning level on the customer master, we can know which letter has been issued to the
customer.
In Accounts Receivable, what is the difference between the 'Residual Payment' and 'Part
Payment' methods of allocating cash?
'Residual payment' and 'Part payment' are the two methods for allocating partial methods from
customers. For example, an invoice for $100 is generated, customer has paid $70. Now this $70 will
be off-set and leaving the remaining balance $30. With residual payment, the invoice is cleared for
the full value of $100 and a new invoice is generated for the remaining balances $30.
How can you make vendor payments?

You can use two methods to make the vendor payments:
a. Manual Payment: This is done without the use of a medium such as cheques.
b. Automatic Payment: This is through DME (Data Medium Exchange) such as wire transfer or
cheques.
F-32 -- Clear customer payment
F-28 -- Customer incoming payment
F-44 -- Clear vendor payment
F-53 -- Vendor outgoing payment
FB08 - Individual Reversal
What is difference between company and company code in SAP?

A company is used for consolidation functions in SAP whereas company code is an
independent legal accounting entity for which we can create a complete set of financial
statements.
Classifie
d as
Business
SAP FI what are the organizational elements?
The organizational elements in SAP FI are:
a) Company Code
b) Business Area
c) Chart of Account
d) Functional Area
Posting period variants?
In fiscal year posting period is a period for which the transactions figures are updated. The
posting period variants in SAP is accountable to control which Accounting period is open for
posting and ensures that the closed periods remain balanced.
how many types of currency in sap
In SAP, we can maintain one base currency and two parallel currencies, it means three
currencies. In FI documents, we can take four currencies including the transaction currency.
With this function we can take reports in multiple currencies as per the management
reporting requirements.
How many currencies are allowed in s4 Hana?
SAP S/4 Hana allows to use up to 10 parallel currency per ledger, so you can easily
manage, check and monitor the balances and line item in different currency as per an
organization requirement.
Fiscal year variants (FYV) define the relationship between the calendar year and the fiscal
year. They specify the number of periods and special periods and the start and end date of a
fiscal year. In addition, they define how the system determines the posting period to assign
when posting a journal entry.
How many fiscal year variants can you use at a time?
The fiscal year variants that you create contain the number of posting periods in that fiscal
year as well as the number of special periods. Up to 16 posting periods can be defined.
Each company code needs a specific fiscal year variant. Thus, while creating a controlling
area, you should also specify that code’s fiscal year variant.
What do you use Chart of Accounts for?
You use FI COA in order to meet the daily needs of your company as well as the legal
requirements of the country.
The COA has two types:
a. Operating COA: this record is assigned to the company code and contains all the general
ledger accounts.
b. Country COA: this is the list of general ledger accounts required in order to meet the
legal requirements of the country.
Classifie
d as
Business
What is the function of credit control?
You use credit control in order to safeguard your business from overstretching its financial
assets. Generally, you can set a credit limit for the customers using SAP, when the payment
is made after the sale of the product. In this way, you can restrict the amount that the
customer needs to clear in his/her account before further purchases can be made.
What is the field status variant and field status group?
Your field status variants are contained within field status groups. On the other hand, the
field status groups are maintained within the General Ledger account. You use it to define
the fields while you post to the general ledger.
Classifie
d as
Business

What Is Difference Between Company and Company Code in SAP?

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What Is Difference Between Company and Company Code in SAP?

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How many Chart of Accounts can company code have?

What is a field status group?

What is "dunning" in SAP?

How can you make vendor payments?

F-32 -- Clear customer payment

F-28 -- Customer incoming payment

F-44 -- Clear vendor payment

F-53 -- Vendor outgoing payment

FB08 - Individual Reversal

What is difference between company and company code in SAP?

how many types of currency in sap

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