The Accounts Receivable application component records and administers accounting data of all customers. It is also an integral part of sales management.
All postings in Accounts Receivable are also recorded directly in the General Ledger. Different G/L accounts are updated depending on the transaction involved (for example, receivables, down payments, and bills of exchange). The system contains a range of tools that you can use to monitor open items, such as account analyses, alarm reports, due date lists, and a flexible 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 confirmations, 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 telecommunication.
The payment program can automatically carry out direct debiting and down payments. Read more…
Financial Accounting FI, SAP FI AR
This set of documents explain in step by step manner with screenshots, how to do transaction in SAP FI.
These documents can be used for power user training or end user training in the final preparation phase during implementation.
These documents help you to understand how to run transactions in SAP and complete your business process. These documents are very helpful for all the sap user even if they are new to SAP screens. Read more…
Financial Accounting FI, SAP FI GL
This document explains about New GL concept and configuration in step by step manner with screenshots.
This document is very useful for all SAP FI consultant and or who are having aspiration to be FI consultant. This document help you to understand sap FI New GL configuration in systematic manner and you need not to waste your time in SPRO for New GL configuration. Read more…
Financial Accounting FI, SAP FI GL, SAP NEW GL
The central task of G/L accounting is to provide a comprehensive picture for external accounting and accounts. Recording all business transactions (primary postings as well as settlements from internal accounting) in a software system that is fully integrated with all the other operational areas of a company ensures that the accounting data is always complete and accurate. Read more…
Financial Accounting FI, SAP FI GL
Incoming Payment from Vendors
In case of following scenario incoming payment from Vendors will be applicable
Rejection of material after payment to Vendors
Refund of advance payment due to cancellation of Purchase order
Recovery of salvages done on behalf of vendor
Recovery of advance payment /Rent deposit from employees
Income tax/Sales tax etc refund from statutory vendor
Following SAP T Code to be used Read more…
Financial Accounting FI, SAP FI AP
Vendor Outgoing payments
We may have to do outgoing payments in SAP for one of the following reason
Payment to a supplier / subcontractor against invoice
Payment to a supplier / subcontractor as an advance
Payment for any expenses / Deposits
Payment on behalf of other office / branches
Payments for Cash withdrawals
DIRECT DEBITS made BY BANKS through (NEFT)
DIRECT DEBITS made BY BANKS through standing instructions
Manually prepared cheque payment accounting.
Employee payments related to expenses, salaries, advances etc.
In SAP we have following two option to make outgoing payment in such cases Read more…
Financial Accounting FI, SAP FI AP
Process logic to get PO Amount and PO Number from Payment Document
Follow logic flow can be used to build cash flow report in SAP. In SAP we do not have any report which provide details from PO to Payment document. You may have to develop it for your client. In such cases following logic may help you to build your report.
COLLECT ALL THE PAYMENT DOCUMENTS FROM TABLE BKPF ON FOLLOWING BASIS
Look For
BKPF-BUKRS Company Code
BKPF-GJAHR Fiscal Year
BKPF-BLART Document type (KZ or other payment document type)
BKPF-CPUDT Accounting Document Entry Date
BKPF-CPUTM Time of Entry
This need to be assured that all the documents posted with doc type KZ and CP has been covered by the above parameter. Read more…
ABAP ABAP, FI