FICO

IFRS 16 Terminology: What is a Lease Contract?

A lease is defined as a binding legal contract that outlines the terms and conditions of an agreement for the use of a specific asset for a period...

How to Assign Valuations Rules to Lease Contracts in SAP Flexible Real Estate Management

Over the past half-decade, dozens of accounting laws have been passed in an attempt to provide more financial transparency among organizations,...

How to Split Cost of Goods Sold (COGS) with SAP S/4HANA Finance

Those that perform accounting using SAP solutions such as SAP S/4HANA are familiar with the income statement line of cost of goods sold (COGS).

Material Ledger Q&A: Your Material Ledger Questions Answered by Paul Ovigele

Recently, we asked you for your pressing SAP Material Ledger questions so that Paul Ovigele, ERPfixers’ founder and author of Material Ledger in...

What Does New Asset Accounting Bring to Your SAP S/4HANA System?

Asset accounting is a fundamental subset of accounting processes used to record and report fixed asset transactions.

What is SAP BRIM?

SAP BRIM, previously known as SAP Hybris Billing, is a comprehensive solution for high-volume consumption businesses.

Creating Customer Invoices with SAP S/4HANA Finance

Each company needs to bill its customers for the goods and services shipped to them and must update its sales revenue accounting.

SAP Accounts Receivable: Processing Incoming Payments

At the core of SAP ERP FI’s Accounts Receivable module is its ability to create a customer invoice and post a payment receipt.

Why Your Business Should Utilize Central Finance

Central Finance represents a new approach to finance and is based on a new set of technologies in a central SAP ERP system. 

SAP S/4HANA Finance Innovations (Part 4): Efficient Hard Financial Close

SAP S/4HANA improves hard financial close with a number of new tools which increase efficiency, governance, and insight.