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All postings in Accounting Receivable are also recorded directly in the General Ledger. Dierent G/L
accounts are updated depending on the transaction involved (for ex: Receivables, Down payments, and
Bill of exchange). The system contains a range of tools that you can use to monitor open items, such as
account analysis,alarm reports,due date lists, and a exible dunning program. The correspondence
linked to these tools can be individually formulated to suit your requirements. This is also the case for
payment notices,balance conrmations,account statements, and interest calculations, incoming
payments can be assigned to due receivables using user-friendly screen functions or by electronic means
such as EDI and Data telecommunications.
The payment program can automatically cay out direct debiting and down payments.
There are a range of tools available for documenting the transactions that occur in accounts receivable,
including balance lists, journals, balance audit trails, and other standard reports. When drawing up
nancial statements, the items in foreign currency are revalued, customers who are also vendors are
listed, and the balances on the accounts are sorted by remaining life.
Accounts receivable is not only one of the branches of accounting that forms the basis of adequate and
orderly accounting. it also provides the data required for eective credit management, (as a result of its
close integration with the sales and distribution component), as well as important information for the
optimization of liquidity planning, (Through its link to cash management).
To process receivables-related dispute cases, for Ex: Payment reductions, you can use the components
SAP Dispute Management.
Posting Keys:
Customer Debit: 01
Customer Credit: 15
Sundry Debtors Bill of Exchange debit: 09
Sundry Debtors Bill of Exchange credit: 19
Sundry Debtors Bill of Exchange credit: 19
Document Types:
AR- (Customer Accounts) is a Subsidiary Ledger of sundry debtors & sundry debtors is a reconciliation
account under Current assets.
1) Creation of Customer A/c Groups like FI Customers and SD Customers with Reconciliation Account
Field mandatory OBD2
4) Creation of GL Master
Step by Step:
1)
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Display an invoice
Display an invoice
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Print an invoice
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2)
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Credit Memo to be processed needs two individuals
Credit Memo to be processed needs two individuals
Credit Memo Processor and Credit Memo Approver
Park (FV75) Post (FBV0)
Credit Memo Processor will not have access to the POST transaction
3)
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This will trigger a Dunning notice for over due items for one (1) day.
4)
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Write O
Write-o will go directly in the Customer Account.
There is no allowance for Bad Debts set-up
Entry is just a reversal of the original invoice
Recovery
If a customer subsequently pays a wri en-o invoice, District will reinstate the invoice and then record
the payment against a reinstated receivable
If payment is received in the following scal year, record as revenue.
If material a review by the District controller is required.
Write o and Recovery will be noted under document type DW
5)
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Receipt Process
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Create Manual Check Deposits: Perform this procedure whenever there is cash or check received on
hand.
Important T-Codes:
If you have any questions make a comment and write your Doubt, I ll try to clear it
2 Comments
Document_Type_Listing (h ps://sapdocz.les.wordpress.com/2013/04/document_type_listing.pdf)
1 Comment
Several Chart of depreciation can be assisgned to one asset class. This ensure that asset class catalog in
uniform despite using dierent depreciation area.
You can not assign asset to cost center, instead you can assign asset to a (real) order that will be se
led
to the respective cost center. In this way you can summarize the cost your project (The asset being part of
it)
Even after AUC fully capitalized you can still post C/Memo to it. However you have to allowed
negatice APC.
You can dene depreciation area for report purposes only, which do not post any value in G/L, Eg:
Depr area for tax balance sheet.
in FI-AA you can manage dierent values of xed asset in depreciation area.
In each asset class you enter a screen layout rule for each depreciation area. This rule applies to the
valuation elds in the depreciation Area.
Asset that are appear in dierent places / balance sheet item have to be assign to dierent asset class.
Asset class used as a templete for asset master records that are created later . It is therefore necessary
to decide which default value to be stored in asset classes to ensure the uniformity of the asset.
You can create a new chart of depr by copying reference charts of depreciation. you can delete the
depreciation areas you do not need. It must be done before asset is created.
SAP Provides model chart of depreciation for many contries these contain pre denes depreciation
area. You can also dene your chart of depreciation (by copying & Changing)
Several asset classes can use same A/C Account Determination Key if they use the same chart of
account and they post to the same G/L account
Jayanth Maydipalle
1 Comment
The exibility of the Finance modules organizational structure gives the module the ability to handle
any economic situation. Whether a smaller organization with a single legal entity or a large organization
with numerous companies, consolidations and varying legal requirements, the FI module can support
and automate most nancial postings and reporting. Below is a listing of the main organizational
elements in the Finance module:
Company Code Represents a legal reporting entity. There can be numerous company codes within
an organization. Each has its own balanced books and reports itself as a single economic entity.
Credit Control Area If credit management is being used, this sets the general parameters for how
credit is managed. The credit control area can control credit for a single company code representing a
decentralized credit management approach or multiple company codes representing a more
centralized credit management approach.
Chart of Accounts The system supports single or multiple charts of accounts providing the ability
to record transactions and report nancially in many dierent regulatory environments. A chart of
accounts can support multiple Company Codes if necessary.
accounts can support multiple Company Codes if necessary.
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The Finance Module is designed to record nancial transactions in a manner consistent with external
reporting. External reporting must be in compliance with a countrys accounting principles and is
required for public entities, regulatory agencies and information required by banks and other lenders.
The module also handles legal consolidations, receivables, payables, xed assets as well as banking
functions if required.
This is brief review of the components and processes associated with the SAP FI module.
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Plan and track overhead costs within the companys specic organizational structure.
Plan and track overhead costs within the companys specic organizational structure.
Track costs related to specic projects or events and either capitalize those costs or charge them to
appropriate departments upon completion.
Perform Activity Based Costing.
Perform Product Costing, measuring production cost and variances.
Report protability by product line, division, or other internal measurement.
Report sales and gross protability by external measures such as market segments or customer
groups.
Controlling consists of all master data, conguration, and reporting required to analyze both spend and
revenues, both within and across organizations. This includes the following master data:
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This is brief review of the components and processes associated with the SAP CO module.
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