What is NACH, ECS or NEFT in Banking System

  • ECS: Elecronic Clearing System
  • NACH: National Automated Clearing House

NACH (National Automated Clearing House) which is the upgraded version of ECS and introduced by National Payments Corporation of India, is a centralised clearing service that aims at providing interbank high volume, low-value transactions that are repetitive and periodic in nature. It has both transaction and file-based transaction processing capabilities. It has binded multiple ECS(Electronic Clearing System) or all the banks in India under one system.

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Payment Reference(BSEG-KIDNO)

The payment reference contains a key for customer line items which is passed on to the customer in the invoice. The customer should refer to the payment reference when making the payment.

For vendor line items, the key that the vendor passes on in the invoice is entered in the payment reference. In automatic payment transactions, the payment reference can be passed on again to the payee.

Cash Pooling Process

What is Cash Pooling?

Cash Pooling Process is a Cash Management technique that helps organisations in managing their cash centrally. Cash Pooling addresses the challenge of managing the fund laying in multiple bank accounts. Balances of different bank accounts are aggregated into concentration account. This helps companies centralise liquidity management.

J3RCREV – Clear Reversed Invoices (Russia) | SAP FI

  • TCode: J3RCREV
  • Program: J_3RCREV
  • Description: Clear Reversed Invoices
  • Menu Path: Accounting → Financial Accounting → Accounts Payable → Periodic Processing → Country-Specific Functions → Russia → Clear Reversed Invoices.

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How to make field editable in FB02 for already posted documents | SAP FI

In this post, we will check how we can make a field editable in Transaction Code FB02  for already posted documents.

In SAP, there are many fields which can never be changed in FB02 TCode under any circumstances once the document is posted. The reason behind such restrictions is to protect important accounting document data and to avoid fiscal period closer problems, e.g., audit control, out of balance situations.

How can we activate a field for change in Transaction code FB02?

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SEPA Mandate integration with BP | S4HANA

Issue Description

  • Integration of SEPA Mandate and BP (Customer or Vendor) is not active.
  • SEPA DD Mandate Button not active under BP Master Data – Payment Transactions tab.
  • SEPA Mandate cannot be created from FD01 or XD01.
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