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SAP FICO ACCOUNTS RECEIVABLE INTERVIEW QUESTIONS | JavaInUse

SAP FICO ACCOUNTS RECEIVABLE INTERVIEW QUESTIONS


In this post we will look at SAP FI Accounts Receivable Interview questions. Examples are provided with explanation.



SAP FICO ACCOUNTS RECEIVABLE

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
  • Dunning

What is tolerance group for Customer?

Tolerance group enables the users to process transaction with the payment difference of gain or loss that defined as per tolerance group for customers and vendors in SAP. It deals with adequate, allowable differences and authorizations given to user of the organization to post a document easily

What is SAP bill of exchange receivable ?

SAP bill of exchange receivable can be defined as a commitment by a customer to pay a certain amount in the stipulated time upon the presentation of the bill of exchange document. It acts as short term credit to the customer. For example, depending on payment terms, a customer may need to make the payment for sales in a month. For this you should issue a bill of exchange which needs to be accepted by the customer. This acts as a legal document, binding the customer to pay the amount in the stipulated time.

What is a Trading Partner in SAP accounts receivable ?

In SAP, separate entities under the same parent company are defined with different company codes. In order to perform intercompany transactions in SAP, you must also define a trading partner on every transaction. A trading partner represents the company code that is in transaction with your company code.

How to block a customer account?

You can block a customer account in AR so that postings are no longer made to that account. You have to block a customer account before marking a customer master record for deletion.
Go to Accounting -> Finance Accounting -> Accounts Receivable -> Master Records -> Maintain Centrally -> Block/Unblock.
SAP FICO ACCOUNTS RECEIVABLE block customer

How to delete a customer account?

You can archive customer master records that you no longer need.
Go to Accounting -> Finance Accounting -> Accounts Receivable -> Master Records -> Maintain Centrally -> Block/Unblock.
SAP FICO ACCOUNTS RECEIVABLE block customer

See Also

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