SAP FICO ACCOUNTS RECEIVABLE INTERVIEW QUESTIONS
In this post we will look at SAP FI Accounts Receivable Interview questions. Examples are provided with explanation.
What is SAP FI - Accounts Receivable?Accounts Receivable is a submodule of SAP FI used to manage and record Accounting data for all the customers. It handles customer invoices, approvals, payments and other allied activities. Any postings made in Accounts Receivable is updated in General Ledger G/L as well. The Accounts Receivable submodule has tons of reports and forecasting features to track customer/vendor outstanding and payments. The chief processes covered in the sub-module are Maintain Master Data Credit Management Invoice Processing Cash Receipts and Payments Accounts Analysis and Reconciliation Reports
What is Dunning Area?The standard procedure for configuring and carrying out the process of dunning is at company code level, we generally assign dunning procedures, dunning levels and other configuration steps at company code level. There is a concept called dunning area which is used when the dunning configuration is to be done below company code level for example at business area or segment level or at an organizational unit level. This is generally used for the organizations which are involved in production of complex or bulk products generally fertilizers, bulk drug chemicals or pharma products. Dunning area helps you to configure the settings below company code level.
How to configure SAP FICO Accounts Receivable?The configuration involves the following steps
- Creation of Customer Account Group
- Create Number Ranges for for Customer Accounts
- Assign Number range to Customer Accounts groups
- Define tolerance group for Customer
- Creation of GL Reconciliation Accounts ( Sundry Debtors )
- Creation of Customer master records
- Document types and Number range ( DR, DZ, DA )
- Bill of Exchange