Author name: Ojas Bonde

SAP FICO | Period-End and Year-End Closing | Period-end and year-end closings are critical processes in SAP FICO, ensuring that a company’s financials are accurate and compliant with regulatory standards. However, businesses often encounter various challenges, from incorrect postings and unbalanced accounts to issues with depreciation or currency revaluation. In this blog, we’ll explore common […]

SAP FICO | Bank Accounting and Reconciliation | Bank Accounting in SAP FICO ensures accurate management of financial transactions such as payments, receipts, and bank statement processing. Proper reconciliation ensures that the books match actual bank balances. However, various challenges can arise during bank accounting and reconciliation. In this blog, we’ll address some common issues

SAP FICO | General Ledger (GL)| Accounting The General Ledger (GL) is the backbone of SAP FICO, recording all financial transactions that affect an organization. However, configuring and maintaining the GL can present several challenges. In this blog, we’ll address some common General Ledger issues in SAP FICO, presented in a question-and-answer format to offer

SAP FICO | Tax Configuration | Tax configuration is a critical aspect of SAP FICO, ensuring that the company adheres to local tax regulations while handling financial transactions. However, users often face various challenges when setting up and managing taxes, such as missing tax codes, incorrect tax postings, or errors in reporting. In this blog,

SAP FICO | Integration | Reconciliation In SAP FICO, integration with other modules like MM (Materials Management) and SD (Sales and Distribution) is critical to ensure smooth financial transactions across the system. However, integration issues are quite common and can cause serious disruptions in business operations. This blog explores the most frequent integration problems and

SAP FICO | Asset Accounting (AA) | Asset Accounting (AA) in SAP FICO is crucial for tracking and managing fixed assets, including acquisitions, transfers, depreciation, and retirements. However, this module can present numerous challenges due to its integration with other financial and controlling processes. In this blog, we’ll address some common Asset Accounting (AA) issues

SAP FICO | Reports and Customizations in SAP | When working with SAP, reports and customizations are essential for aligning the system to unique business needs. However, both can introduce challenges, particularly when migrating to SAP S/4HANA or maintaining complex systems. In this blog, we’ll explore common reports and customization issues and provide solutions in

SAP FICO | Common Controlling (CO) | The Controlling (CO) module in SAP is essential for internal cost management, profitability analysis, and performance monitoring. However, users often encounter challenges in cost center accounting, internal orders, profit center accounting, and cost allocations. In this blog, we’ll explore common Controlling (CO) issues in a question-and-answer format, along

SAP FICO | SAP Fiori and S/4HANA Migrations | Migrating to SAP S/4HANA and adopting SAP Fiori brings significant benefits, such as improved performance, a simplified data model, and a modern user experience. However, migrations to S/4HANA and implementing Fiori can also present numerous challenges. In this blog, we will discuss common SAP Fiori and

SAP FICO | Account Payables (AP) and Accounts Receivable (AR) | Handling Accounts Payables (AP) and Accounts Receivables (AR) efficiently is essential for maintaining the financial health of an organization. However, users often encounter challenges when processing vendor payments, customer invoices, and managing credit. In this blog, we’ll address common AP and AR issues in