SAP FI Accounts Receivable is used to record the accounting data for all the Customers/Buyers. The company has a right to receive payment from the customers for service rendered. When goods are sold to customers, the customers are liable to pay the company for the product delivered. Accounts receivable is essential part of sales management.
This is also Sub Ledger (Subsidiary Ledger). This is used when Sales & Distribution (SD) module is not implemented for all types of sales.
Example: Product sale, Asset sale and Scrap sale
When SD module is implemented accounts receivable is used for scrap sale and asset sale other than product sale. For product sale SD module will be used.
Basic settings for Accounts Receivable
1. Creation of Customer Account Groups
2. Create Number Ranges for Customer Accounts
3. Assign Number Ranges to Customer Account Groups
4. Creation of 2 GL Masters
5. Creation of Customer Master
6. Document Types and Number Ranges
End User Area
1. Sales Invoice Posting
2. How to View Customer Account Transactions
3. Incoming Payment
4. Display Customer Account Transactions
This is also Sub Ledger (Subsidiary Ledger). This is used when Sales & Distribution (SD) module is not implemented for all types of sales.
Example: Product sale, Asset sale and Scrap sale
When SD module is implemented accounts receivable is used for scrap sale and asset sale other than product sale. For product sale SD module will be used.
Basic settings for Accounts Receivable
1. Creation of Customer Account Groups
2. Create Number Ranges for Customer Accounts
3. Assign Number Ranges to Customer Account Groups
4. Creation of 2 GL Masters
5. Creation of Customer Master
6. Document Types and Number Ranges
End User Area
1. Sales Invoice Posting
2. How to View Customer Account Transactions
3. Incoming Payment
4. Display Customer Account Transactions