Are your receivables in the right place in the balance sheet?
Entering business transactions in the correct accounts is one of the basic requirements for proper accounting. In today’s blog post, we will therefore consider the correct way of entering receivables in SAP. I will show you how you can check in SAP whether your receivables accounts contain similar business transactions or whether postings are being […]
Tax trap @ its best: Late invoicing not only means you get paid later…
…but that the tax office does too. Here, once again, what we are talking about is, of course, sales tax. We will shed light on when sales tax is actually incurred and is thus to be declared accordingly… and how you can find out in SAP whether you are behind with sales tax. Because, for […]
Has your goods receipt/clearing account also degenerated into a garbage dump?
A good purchasing process in SAP uses a goods receipt/clearing account (GR/IR account) to always have an overview of the goods you have already received and for which you have already received an incoming invoice. In practice, unfortunately, I am forever seeing eternally open positions in this account, i.e. what basically amounts to an “accounting […]
Tax trap @ its best: How it is easy to fall into the trap of sales tax
Sales tax issues are complex and often unpopular with auditors – unless they come from the tax office itself that is! So, it’s better to be aware of the pitfalls. Sales tax credit notes are invoice documents that are issued by the company itself and are used to invoice an incoming service. In a sense, […]
Things are on the move in logistics – 3 quick wins in materials management
In auditing, the focus is frequently on financial accounting and the commercial processes of purchasing and sales. But there are of course other business processes that are worth considering. This time we are therefore going to take a look at SAP logistics and identify where you can make the simplest quick wins in auditing. We […]
How and why? – Artificial Intelligence
All day, every day, companies are now collecting enormous amounts of data about their products, customers or by simply using their information systems. Such increased availability of data raises one important question: how to use the gathered data to generate meaningful information? What is important is to connect the data and discover patterns. There are […]
Are you delivering dangerous goods to “rogue states”?
It is no longer always easy to ensure total transparency in international business relations. They are nevertheless subject to high compliance requirements. In recent blog posts, we have looked at the topic of how to analyze business relationships with countries which may potentially prove problematic. These first and foremost include payments to countries that might […]
Tracing flows of cash in SAP: Where did your money go?
In accounting, it is normal to always pay special attention to what is going on with your own bank accounts. This is where the cash flows in or out – depending on the circumstances. In today’s blog post, though, I would like to show you how to use the data structures in SAP to find […]
Do you also pay to banks in “rogue states”?
Not all countries in the world are safe in terms of money payments. Time and again we hear about countries that are not “completely clean” in terms of money laundering and terrorist financing. Of course, these countries are bound by compliance rules when transferring money to banks in such countries. In our small series on […]
Duplicate Payments: I want my money back!
Duplicate payments are always a hot topic. Due to poor organization, invoices being paid twice is something that happens over and over again. Even in well-defined organizations, duplicate payments occur again and again when the volume of transactions is high. In this blog post, I will explain some advanced methods for detecting duplicate payments in […]