Accounts Receivable
The Accounts Receivable application element information and manages accounting data of most customers. It's
also an important section of
sales management.
All postings in Accounts
Receivable are also recorded directly in the General Ledger. Different G/L
accounts are updated with respect to the transaction involved (for example,
receivables, deposit, and bills of exchange).The device includes variety of
tools that you simply can use to keep track of open items, including account
analyses, alarm reports, payment date lists, along with a flexible dunning
program. The correspondence associated with these power tools could be
individually formulated to match your requirements. This is additionally the
truth for payment notices, balance confirmations, account statements, and
interest calculations. Incoming payments could be used on due receivables using
user-friendly screen functions or by electronic means, which include EDI.
The repayment system can
immediately execute direct debiting and first payment.
There are a number of tools
readily available for recording the purchases that exist in Accounts
Receivable, including balance lists, journals, stability
audit paths, along with other
standard reports. When creating fiscal reports, those things in foreign
exchange are revalued, customers currency exchange also vendors are listed,
along with the balances for the accounts are sorted by remaining life.
Accounts Receivable isn’t only
among the branches of accounting that forms the foundation of satisfactory and organized
data processing. It also offers the data necessary for effective credit
management, (consequently of its close integration using the Revenue and
Distribution component), along with important information for that optimization
of liquidity planning, (through its connect to Cash Management).
This Lesson brings you about
settings configurations of Accounts Receivable in SAP FICO comprehensive.
SAP FICO Accounts Receivable Configuration Stages
Stage
1:- Creation of Customer Account Group
Stage
2:- Create Number Ranges for for Customer Accounts
Stage
3:- Assign Number range to Customer Accounts groups
Stage
4:- Define tolerance group for Customer
Stage
5:- Creation of GL Reconciliation Accounts ( Sundry Debtors )
Stage
6:- Creation of Customer master records
Stage
7:- Document types and Number range ( DR, DZ, DA )
Stage
8:- Bill of Exchange
Stage 9:- Dunning
Stage 1:- Creation of Customer Account Group:-
SAP Path: - SPRO –-> Financial
Accounting –-> Accounts Receivable and Accounts Payable –-> Customer
Accounts –-> Master Data –-> Preparation for creating customer master
data –-> Define Account Groups with Screen layout (Customer)
Transaction Code: - OBD2
Stage 2:- Create Number Ranges for Customer Accounts
SAP Path: - SPRO –-> Financial
Accounting –-> Accounts Receivable and Accounts Payable –->
Customer Accounts –-> Master Data –> Preparation for creating
customer master data –-> Create Number Ranges for Customer Accounts
Transaction Code: XDN1
Stage 3:- Assign Number range to Customer Accounts groups:-
SAP Path: - SPRO –-> Financial
Accounting –-> Accounts Receivable and Accounts Payable –-> Customer
Accounts –-> Master Data –-> Preparation for creating customer master
data –-> Assign Number ranges to Customer Accounts groups
T Code: - SPRO
Stage 4:- Define tolerance group for Customer:-
SAP Path: - SPRO –-> Financial
Accounting –-> Accounts Receivable and Accounts Payable –->
Business Transactions –-> Incoming payments –-> Manual incoming payments
–-> Define Tolerance (Customer)
T Code: - OBA3
Stage 5:- Creation of GL Reconciliation Accounts (Sundry Debtors)
SAP Menu Path: - SAP Menu –->
Accounting –-> Financial Accounting –-> General Ledger –-> Master
Records –-> Individual Processing –-> Create Centrally
Transaction Code: - FS00
Stage 6:- Creation of Customer master records
SAP Menu Path: - SAP Menu –->
Accounting –-> Financial Accounting –-> Accounts Receivable –-> Master
Records –-> Create
T Code: - XD01
Stage 7:- Document types and Number range (DR, DZ, DA)
SAP Menu Path: - SPRO –-> IMG –->Financial
Accounting –->Financial Accounting Global Setting –->Document–->Document
Number ranges –-> Define Document Number Ranges
Transaction Code: - FBN1
Stage 8:- bill of exchange:-
SAP Menu Path: - SPRO –-> IMG –->
Financial Accounting –-> Bank Accounting –-> Business Transactions –->
Bills of Exchange Transactions –-> Bills of exchange receivable –->
Define Alternative recon a/c for bills of exchange
Transaction Code: - OBYN
Stage 9:- Dunning
SAP Path: - SPRO –-> Financial
Accounting –-> Accounts Receivable and Accounts Payable –->
Business Transactions –->Dunning –-> Basic Settings for Dunning –->
Define Dunning Area
Transaction Code: - OB61
