Analysis of the continuous recording of postings over time
Have you ever asked yourself how many days’ elapse between the processing and posting date for postings within your company? Perhaps those of you in Germany have heard of the abbreviation GoBD, a set of accounting principles on proper book-keeping (German: GoBD) related to Germany’s Generally Accepted Accounting Principles (GAAP) (German: GoB), but didn’t really think about […]
Quick Guide: Three steps to determine if postings are being recorded in a timely manner
Up to 52% of postings are not made within the limit of 40 days for timely posting (posting month + 10 days). By reading this Quick Guide, you will be able to find out how to analyze whether postings are being made in a timely manner in SAP. Reduce the risk of incorrect or fraudulent […]
Don’t put it off until tomorrow… recording of postings in a timely manner
Do you know how long you can hold on to documents before you need to post them? Is there a duty to post in a timely manner, or can a company simply decide when to post invoices. For companies in Germany, this is clearly defined: … … you must post them in a timely manner. In […]
Do you have power users with one-time accounts?
A wide variety of questions may be raised when conducting analytics of the extensive usage of one-time accounts. The aim of this blog post is not to come down hard on staff members, but to check whether they are adhering to compliance guidelines or not. We also want to find out if they have been […]
An unsparing look behind the scenes: How to analyze one-time accounts in SAP
Numerous compliance guidelines exist in medium- to large-sized companies for the usage of one-time accounts in SAP. These may vary from the total prohibition of one-time payments to a limit placed on such payments, which may extend up to quite a significant amount of money, depending on the company. Based on the guidelines and using […]
How to find one-time invoices in SAP in three steps
In this blog post you will learn how to analyze the use of one-time accounts in SAP using data analysis. You can very quickly estimate how intensively such accounts are used in your SAP and whether there are invoices with large amounts. I would like to take you through the three steps to follow to conduct […]
One-Time Accounts – The quick checklist for your accounting department
One-Time Accounts are collective accounts for one-time transactions that are not assigned to a vendor or customer. Auditors usually do not like these one-time accounts, because transactions can be easily hidden in such accounts. You should understand the risk of using one-time accounts and how you can assess this risk. Part 1 of the series: […]
How to prevent Duplicate Payments in SAP with the Internal Control System
You want to avoid potential duplicate payments in SAP by using the internal control system (ICS)? Even before the postings are made in the financial accounting department? Then don’t miss out this blog post! I will show you the settings, how to develop them and where the limits are. Optimize your processes and reduce potential duplicate […]
Duplicate Payments in SAP: Reducing False Positives using a Utility Analysis
“How can we reduce the amount of results of twice payed invoices?” was a question in the preparation of this blog post. In collaboration with the Professor and my vague recollection of past business administration lectures, we opted for a utility analysis. Therefore, the combination of Professional Judgement and hard facts of data analytics should […]
3 steps to uncover duplicate payments in SAP
In this blog post, I would like to show you how to uncover duplicate payments in SAP. You will encounter many “False Positives” while searching for duplicate payments. Identifying and excluding as many “False Positives” as possible to get to the real duplicate payments is a high art. Finding duplicate payments is more like looking for […]