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Categories
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Reporting
Reporting
- 1099 Reporting - The Special G/L Indicator Gets a New Use in Release 4.7
by Martin Ullmann
In the many years I have been consulting in the FI area, almost every U.S. client I have worked with has had a common issue - 1099 MISC reporting. The question they have had is how to deal with data outside their SAP system that is subject to 1099 MISC reporting.
- 3 Best Practices for Reporting GRC Issues to SAP GRC Support
by Jayne Gibbon, Director of GRC Support, SAP
See the best ways to communicate your GRC support issues with the SAP GRC Support team, including what information to present and how to present it.
- 6 Tips for Going Global with Extra Savoir-Faire
by Charles Eubanks, Senior Manager, SAP HR Integration, ARINSO International
Whether you’re just beginning a global project or are already supporting SAP HR in multiple countries, this advice will help keep your project on the right track.
- 6 Tips for Improving Reporting Governance
by Anurag Barua, Senior Manager (September 2009)
Make sure your reporting is accurate by following these six surefire tips for reporting governance.
- 7 Standard SAP Reports for Audit Information
by Anurag Barua, Independent Consultant
Many SAP users think that only third-party tools can carry out a security audit of your SAP system. If you know where to look in your SAP system, you can find some hidden gems that provide you with information that auditors want. See seven standard reports that you can use to better prepare for your audit.
- Accelerate Your Closing Process with mySAP ERP New G/L and New Functions
by Aylin Korkmaz, Manager, Accenture UK
Fast period closing enables quick identification, investigation, and elimination of accounting problems. Here's how to take advantage of mySAP ERP's new G/L and new functions in accounting for your fastest closings yet.
- Build a Dashboard for Management of Internal Controls
by Dr. Karol Bliznak, SAP AG
Managers often struggle with the timely availability of compliance-related data and the way the information is visualized for analysis and presentation purposes. You can eliminate these problems by following a four-step process to build a management dashboard for SAP's Management of Internal Controls (MIC) application. You can also use this procedure to build dashboards for other SAP applications and solutions.
- Build and Implement a Rock-Solid Compliance Framework for Your IFRS Conversion Project
by Kehinde Eseyin, Systems Support Manager, TOTAL Nigeria PLC, Nigeria (July 2009)
Many countries already operate under International Financial Reporting Standards (IFRS), while the US, among other countries, may be joining the fray. To simplify the conversion from your local reporting standard to IFRS and better manage the associated compliance risk, organizations must adopt strategies and best practices based on a proven compliance framework.
- Create a Control Dashboard to Monitor Your Internal Controls
by Taylor Erickson, Manager, BearingPoint, Inc.
It is vital to track user exits to ensure the financial transparency of your company. The author introduces a programmable "control dashboard" that will enable you to recognize, document, and help audit the user exits in your company's system.
- Five Keys to a Successful US Payroll Year-End
by Steve Bogner, Managing Partner, Insight Consulting Partners
Implement these five best practices when you prepare for year-end US federal, state, and local tax reporting requirements. Combined with SAP’s Payroll functionality, they will help you plan your year-end Payroll processes.
- How SAP ERP Combats the Challenges of Global Accounting and Financial Reporting Standards
by Kehinde Eseyin, Systems Support Manager, TOTAL Nigeria PLC, Nigeria (December 2009)
Review some SAP ERP solutions, functionalities, and capabilities that you can use to meet the challenges of specific International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) requirements, including ones that cover revenue, accounting policies, operating segments, and more.
- IFRS Adoption for US Companies: A Primer
by Anurag Barua, Senior Manager (July 2009)
Worried about the impending US conversion to International Financial Reporting Standards (IFRS)? See some quick hints about things you should know and places you can look for information as the landscape changes.
- Monitor Compliance with the New US DOL's FairPay Overtime Initiative
by Danielle Larocca Signorile, Senior SAP Consultant
To ensure compliance with the US Department of Labor’s (DOL’s) new FairPay law, your company must identify workers who earn less than $23,660 per year or $455 per week to confirm that they are configured to be eligible for overtime. The author shows you how to set up an audit to identify these employees using SAP Query.
- Monitor Sensitive Fields with R/3's Dual Control Functionality
by Drs. Stef Cornelissen, SAP Consultant, Proxyon B.V
The standard SAP dual control principle imposes segregation of duties for changes to sensitive fields while allowing changes to be made by one person to non-sensitive fields.
- Prepare Your R/3 System Now for the International Accounting Standards Deadline
by Drs. Stef Cornelissen, SAP Consultant, Proxyon B.V.
Impending deadlines for compliance with the International Accounting Standards (IAS) will require hard work on the part of many accountants and R/3 specialists. The problem posed by IAS is that, in most cases, two or more sets of figures have to be managed because of the differences among IAS, US GAAP, and national fiscal reporting.
- Prepare Your SAP System for Electronic VAT Declaration
by Kees van Westerop, Senior SAP Consultant, Kwest Consulting (August 2010)
More and more countries in the EU are allowing electronic declaration of Value Added Tax (VAT) reports. See the configuration and technical settings you can implement in your SAP system to enable you to electronically submit VAT to tax authorities.
- Quick Tip: 7 Reasons You Don't Need to Reconcile VAT and Intrastat Reports
by Kees van Westerop, Senior SAP Consultant, Kwest Consulting
See the differences between Value Added Tax (VAT) reporting and Intrastat reporting that show why it is not possible in some situations to reconcile VAT and Intrastat reports.
- Quick Tip: A Little-Known Program Eases Uploads of Commodity Codes
by Kees van Westerop, Senior SAP Consultant, Kwest Consulting
Save time by maintaining commodity codes using a standard available upload program. By using this program, you can avoid the process of customizing, thus allowing end users to maintain the commodity codes on their own.
- Quick Tip: Comply with Capital Goods Reporting for France, Spain, and Portugal
by Kees van Westerop, Senior SAP Consultant, Kwest Consulting (June 2009)
You can set your SAP system to automatically create an adjustment posting to report capital goods invoices separately, as required by some countries.
- Quick Tip: Six Steps to a Successful Localization Project
by Christine DiLacqua, President, CQ2 Consulting LLC
If your company conducts business within the Pacific Rim, it is crucial to evaluate your ability to meet local language requirements. With a focus on Asian countries, the author suggests six helpful hints aimed to address the translation concerns of a globalization/localization project.
- Quick Tip: Toggle Variant Protection Settings to Allow or Prevent Unauthorized Changes
by Mitresh Kundalia, Director, SAP Practice, Quality Systems & Software
Learn how to manage variants so that they are protected from unauthorized changes.
- Set Up Tax Codes to Properly Report Deferred VAT
by Kees van Westerop, Senior SAP Consultant, Kwest Consulting
Deferred Value Added Tax (VAT) is a special VAT that you only need when reporting to the tax authorities after the related invoice has been paid. See how to do this in the SAP system by linking a special target VAT code to a deferred VAT code.
- Simplify Segment Reporting with the New General Ledger
by Aylin Korkmaz, Manager, Accenture UK
Find out how the new General Ledger (G/L) in mySAP ERP differs from the classic G/L. With its new segment functionality, you do not need to create a Special Purpose Ledger to meet different compliance standards.
- Simplify Your Bonded Warehouse Reporting with SAP BusinessObjects Global Trade Services
by Rajen Iyer, Practice and Program Head, Kryaa (May 2009)
Understand how to configure and set up bonded warehouse with SAP BusinessObjects Global Trade Services and SAP ERP Central Component. In doing so, you can meet the requirement of recording transactions and movement of goods within the free trade zone or bonded area with your logistics system.
- Streamline Your Parallel Accounting with the New G/L Ledger Solution
by Aylin Korkmaz, Manager, Accenture UK
See how to set up parallel accounting with the ledger solution in the new G/L with three procedures: ledger definition, currency valuation, and asset accounting.
- Use Change Documents for Sarbanes-Oxley Compliance Testing
by Qian (Sharon) Tang, System Program Manager
The time for Sarbanes-Oxley Act of 2002 testing is now. Find out how to leverage existing hidden system resources to help fulfill some of the crucial Sarbanes-Oxley Act mandates.
- Use Recycling Administration for Better Environmental Fee Reporting
by Dietmar Giljohann, R/3 Business Systems Analyst
Environmental regulations differ throughout countries, leading environmental fee reporting to be very difficult. See how an SAP add-on — SAP Recycling Administration — works to keep your data consistent and in line with the different regulations.
- What the Wizards Don't Tell You About Intrastat Reporting
by Kees van Westerop, SAP Consultant
Enterprises based within a member state of the European Union (EU) are legally required to report their goods movements to and from other member states. These reports are called Intra European Community Trade Statistics (Intrastat) reports. In most cases, this requirement also applies to European subsidiaries of American companies. The author explains how to set up Intrastat in R/3, how it is integrated within the R/3 modules, and how to create the reports. He also gives customizing tips not covered by the SAP-provided wizards that guide you through the process.
- When to Use Organization Rules and Reporting in Compliance Calibrator
by Jayne Gibbon, SAP
Find out if your company should use organization rules for eliminating false positives from reports.
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