Account Receivable

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
Accounts Receivable - Define Account Groups

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
Accounts receivable - Create number range

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
Accounts Receivable- Customer Accounts groups

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
Accounts Receivable - Define tolerance group for Customer

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
Accounts Receivable - edit gl Account centrally SAP

Stage 6:- Creation of Customer master records

SAP Menu Path: - SAP Menu –-> Accounting –-> Financial Accounting –-> Accounts Receivable –-> Master Records –-> Create
T Code: - XD01
Creation of Customer master records

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
Define Document Number Range..

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
Dunning