The site is experiencing issues and is unable to fulfill your request at this time. If this problem persists please contact customer support. SAP - User Guide Accounts Receivable. In contrast to general ledger accounting in which you only manage the total of receivables for the financial statement, you use accounts receivable accounting for recording all details regarding the business transactions such as invoices, credit memos and incoming payments. The interaction between the sales department and accounts receivable accounting assumes a significant role here. The sales employees are interested in sales orders and sales volume and they receive incentives in the form of bonus payments for their work. The task of accounts receivable accounting is to convert the invoice amount that was agreed on by contract with the customer into cash receipt. There is a general saying that states . A key figure that is mentioned in business is the DSO (days sales outstanding) value, that is the period outstanding of receivables. Another addition to management is how much time and hence money is invested internally to go from sales order to cash receipt, this determined how well sales and financial account interact with each other, this calls for very clear responsibilities and goals. I will not be mentioning on how to enter incoming invoices in this section as they are the same as in accounts payable, the only different is the transactions codes and the easy access menu location which can be seen below, which means we can focus on the sections that are related to the account receivable. 22 Accounts Receivable Invoice. B03B0011- Invoice Entry Master Business. B03B0012 - F03B14 Apply. I do have a whole section on receivable accounting in my FI configuration and setup section, this covers the subject from a configuration point of view. FI- AR Component. The SAP system includes two components or subledger's to save customer data. FI- AR (accounts receivable)FI- CA (contract accounting)This dualism is due to that enterprises use different business models - business to business (B2. B) and business to consumer (B2. People searching for Accounts Payable Certification and Certificate Program Info found the following information and resources relevant and helpful. SAP Accounts Receivable & Accounts Payable Configuration Published by Team of SAP Consultants at SAPTOPJOBS. Accounts receivable software. How to Pick the Right Program to Manage Your. Wholesale distribution package includes the applications listed below * Accounts Payable * Accounts Receivable * Customer Service. Accounts Receivable (Users's Guide) In contrast to general ledger accounting in which you only manage the total of. C) in practice. The B2. C business model primary concerns SAP industry solutions for communication enterprises, electricity provides and the media segment. One challenge is to map millions of end customers quickly and efficiently, the data model and the existing programs for FI- AR quickly reach their (time) limits. This is where FI- CA (contract accounting) emerged, which is based on the industry solutions for mass accounting. The processes and hence the programs such as invoice posting, dunning procedures or incoming payments are developed for these industries specifically for the FI- CA subledger. FI- AR and the general ledger are connected in real time, however they are connected asynchronously that is they are connected to the background processing with a time delay. The FI- AR component keeps and manages account- based customer data, the component is an integral part of sales and distribution controlling, it also provides effective credit management through a close integration with SD (Sales and Distribution) module and information for the optimization of the liquidity planning through a connection with the cash management and forecast. Account analyses, alarm reports, due date lists and flexible dunning are available for the open item management, an incoming payment can be assigned to the corresponding receivables manually on the screen or by electronic means. By means of the payment program you can automate both the debit memo procedure and the payment of credit memos. To document the processes in accounts receivable accounting you can use account balances, journals, balance audit trails and numerous standard reports. For key date valuations you revaluate foreign currency items, determine customers on the credit side and scan the balances established this way for remaining terms. Master Data. Master data is made of three parts, the general data is maintained at the client level, this data is available for all company codes, at this level you specify the name of the subledger account in subledger accounting, the tax number and the bank details. Next is the company code data, this includes the account number of the reconciliation account in the general ledger, the terms of payment and the settings for the dunning procedure. For integrated use with the SD module you are provided with additional fields for the customers master record, these fields contain information that is required for handling business transactions in the sales and distribution area and that is used exclusively in the SD module, the data includes terms of delivery, price list type and remarks regarding the customer, these specifications control the order processing, the shipping data and the billing information provided that these business transaction are recorded by means of a transaction to SD. I will be fully covering sales and distribution in another section. The SAP system provides a special master record type for one- time customers, in contrast to the regular master records, this is similar to the accounts payable, the master record does not contain specific data of the business partner such as address or bank details. The information is entered for each business transaction during document entry. When posting to a one- time account the system automatically navigates to an entry screen to enter the business partners specific data. Creating a customer is very similar to creating a vendor which we performed in the accounts payable section, you can either create a customer centrally or create it centrally/company code level, the below screenshot displays both methods, we will use transaction code FD0. The initial screen requests for a account group, customer name and the company code, the account determines the account numbering or lettering and the field status parameters. The first details we will fill in is the address tab (left- hand screenshot), this is all self- explaining, the next screen/tab is the control data (right- hand screenshot), here we can enter tax details, locations (this help in SD for delivery locations, etc), you can also specify if the customer is also a vendor (if you do then a field called Clearing with .. The next screen is the bank details (left- hand screenshot) again this is self explaining, the account management screen (right- hand screenshot) details the reconciliation account (remember the customer is a subledger), sort key, cash management group, also you can setup the interest calculation parameters, below are some of the parameters for the account management screenreconciliation account - Each posting to an account of subledger accounting automatically creates an entry to the general ledger, this is done via the reconciliation account, the field status group in the master record of the reconciliation account specifies the screen layout for document entry. The items of the customers account are managed in the currency of the reconciliation accountsort key - used to sort line items, normally line items are sorted using the assignment field in the document. For manual closing the payment differences are accepted by the system up to the define tolerance and the items are closed. Payment history record - the system records the customer payment history, this is important for credit management. Payment methods - you can define the payment methods that are allowed for the customer if the automatic payment program is used. Payment block - this causes a block on the account, in the automatic payment program the block is effective if it is set either in the master record or in the document, if set in the master record all open items of this customer are transferred to the exception list. Single payment - determines that all open items are paid or collected separately, this prevents multiple open items being cleared jointly with one payment. Clearing with vendor - this checkbox only appears if a value is entered in the vendor field in the control data tab, however an actual clearing within the automatic SAP procedure only takes place if this field is selected Next is the correspondence screen which involves dunning, the accounting clerk, bank statements, etc. Dunning procedure - the dunning procedure which is company code independent and can be used by all company codes within a client. Only the dunning notices are controlled separately for each company code. To be consider as part of the dunning process you must define a procedure here. Dunning Frequency/Interval - determines the minimum number of days that must elapse after a dunning run before an account can be dunned again. The date of the last dunning run is recorded in the master record, using this date and the frequency/interval the SAP can determine if it is available to be in the dunning run. Grace day/minimum number of days in arrears - used to determine the due date of open items and whether an account can be dunned. An item whose days in arrears are smaller or equal to the grace days must be considered as not due. Number of dunning levels - for each dunning level you can specify how many days in arrears a line item must be to reach the corresponding dunning level. The dunning level determines the associated dunning notice. Processes to be dunned - you specify whether the stand and/or special G/L transactions are dunned with a procedure, special G/L transaction include bill of exchange payment request, payment requests, down payments and down payment requests. Dunning block - the business partner is not included in the dunning run, you can enter a blocking key which is a descriptive text that indicates the reason for the block, blocked accounts are output in an exception list which includes the block reason. Dunning level - normally this is set within the dunning program, however you can set it here, the dunning level influences the next dunning run, if set to 0 the system uses the minimum number of days in arrears that are specified in the dunning procedure to calculate the necessary days in arrears for all other dunning levels the system uses grace days.
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