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Started By
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Does anyone use SAP
Posted on 8/26/13 at 11:35 am
Posted on 8/26/13 at 11:35 am
(no message)
This post was edited on 10/10/13 at 10:13 am
2
Posted on 8/26/13 at 12:00 pm to bigblake
in standard sap....cost and revenue are shown against a cost element with a rule of debit and creditwith respect to that cost element.
That's why revenue is in negative and cost is in positive.
That's why revenue is in negative and cost is in positive.
Posted on 8/26/13 at 12:06 pm to TigerFanatic99
(no message)
This post was edited on 10/10/13 at 10:13 am
Posted on 8/26/13 at 12:11 pm to bigblake
quote:
Alright, I've read that same explanation before. This time explain it to a person that isn't an accountant.
Serious question - if you lack basic accounting knowledge, fine ... but why are you using SAP?
Posted on 8/26/13 at 12:15 pm to foshizzle
(no message)
This post was edited on 10/10/13 at 10:13 am
Posted on 8/26/13 at 12:31 pm to foshizzle
quote:
but why are you using SAP
All ERP software have their pitfalls, yet I have heard from consultants that AX is little less stressful than SAP. There might be a little more money in the SAP side of consulting, though the AX network I have found to be pretty helpful
Posted on 8/26/13 at 1:39 pm to bigblake
Frankly, I can't explain the rhyme and reason. My job revolves around working in SAP. It's ridiculously complex, but it's also ridiculously robust. I just go with the flow. I'm programmed to read credits as negatives integers and debits as positive integers.
Posted on 8/26/13 at 8:17 pm to RickAstley
quote:
All ERP software have their pitfalls
True, I was just wondering why a non-accountant would need to have a question like this answered. Wasn't saying anything about SAP in particular.
Posted on 8/26/13 at 8:20 pm to bigblake
quote:
I took my required Accounting courses in my MBA, but that was it. I'm a data miner/financial valuations dude. I'm the excel wizard at work, and our business manager wanted some help reconciling future budgets using SAP data exported to Excel.
Ah.
I know little about SAP but I can tell you that in accounting when you book revenue (be quiet you CPA's out there, I'm keeping it simple here) by increasing cash on the asset side and increasing revenue on the equity side. This means you debit cash and credit income. Most systems by convention treat credit amounts as negatives.
Posted on 8/27/13 at 12:42 pm to bigblake
I use SAP daily, and often export reports from SAP.
Revenues have a credit balance(normally) and in SAP it shows you this credit balance with a - behind the number when you export it. The revenue isn't negative per se, but the fact that it's normal balance is a credit and credit balances are treated the same regardless of account.
Revenues have a credit balance(normally) and in SAP it shows you this credit balance with a - behind the number when you export it. The revenue isn't negative per se, but the fact that it's normal balance is a credit and credit balances are treated the same regardless of account.
Posted on 8/28/13 at 8:06 am to GreenTrout
(no message)
This post was edited on 10/10/13 at 10:14 am
Posted on 8/30/13 at 10:38 am to foshizzle
Thats exactly right. I use SAP (Accountant).
When you make a sale you credit (Negative entry) to Sales, thus Net income shows as a credit too. Positive Net income in SAP would actually be a book loss.
Its just standard ERP logic.
I do see where it can be confusing.
When you make a sale you credit (Negative entry) to Sales, thus Net income shows as a credit too. Positive Net income in SAP would actually be a book loss.
Its just standard ERP logic.
I do see where it can be confusing.
Posted on 8/31/13 at 4:49 am to Sebastian Haff
quote:
Thats exactly right. I use SAP (Accountant).
I use Momentum for federal government ERP, we do the same thing.
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