SAP Accounts Receivable: Deep-dive into Financial Operations

A warm welcome to the SAP Accounts Receivable: Deep-dive into Financial Operations course by Uplatz.

SAP Account Receivable module accounts for all accounting data pertaining to a customer. All postings in AR are captured in GL as well. The nature of posting identifies the GL Account to be posted to. All AR postings can be reviewed using different reports and programs. Any transaction with a customer means that the organization expects some money is coming into the account.

SAP Accounts Receivable helps small-to mid-sized businesses optimize core accounting processes with real-time insights into bank balances for improved management. A user-friendly, electronic interface supports the ability to centrally manage receivables with enhanced automation features. The automatic scheduling feature is designed to keep users current on outstanding receivables and also creates and sends reminders to customers with overdue payment items. It provides real-time visibility into integrated ledgers for full transparency. Better forecast cash flow and manage payments due. Maintain control over outstanding payments with automated payment clearing and rapid processing. The accounts receivable module integrates seamlessly with Microsoft Office Excel for enhanced financial reporting capabilities.

Accounts Receivable component is part of SAP FICO module and is responsible for recording and controlling all customers accounting data. It is an essential part of sales management. All postings in SAP Accounts Receivable are directly recorded in the General Ledger and different G/L accounts are updated based on transactions such as receivables, down payments, bills of exchange, etc. SAP Accounts Receivable contain a range of tools that are used to monitor things such as account analyses, alarm reports, due date lists and dunning programs. The communication linked to these tools can be suited to the requirements. This is the case for payment notices, balance confirmations, accounts statements, and interest calculations.

SAP Accounts Receivable forms the basis of adequate and orderly accounting besides providing the data required for effective credit management as well as important information for the optimization of liquidity planning. 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 financial statements, the items in foreign currency are revalued, customers who are also vendors are listed, and the balances on the accounts are sorted by their remaining life.

Uplatz provides this end-to-end course on SAP Accounts Receivable covering in detail the configurations and implementations required in SAP Accounts Receivable (AR) module. The course also covers key AR topics such as Creating Customer Accounts, G/L Reconciliation Accounts, Dunning, Taxation, International Currencies, and so on.

SAP Accounts Receivable: Deep-dive into Financial Operations - Course Curriculum

• What is Accounts Receivable in SAP

• 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

• Taxation

• International Currencies

Transaction codes in SAP Accounts Receivable

Create/maintain customer master records

FD01 - Create customer master records
FD02 - Change customer master records
FD02 - Maintain accounting notes
FD03 - Display customer master records
FD05 - Block/unblock customer master from further services/charges/payments
FD06 - Mark customer master records for deletion
ZFBL5N - Maintain master records from line items

Create/maintain/adjust customer invoices

F-22 - Enter customer invoice
ZAR3 - Feed departmental invoices into SAP
ZFBL5N - Display invoice line items
F-22 - Transfer customer debit/credit
ZFBL5N - Change line items
FB08 - Reverse A/R document
F-27 - Enter credit memo
F-32 - Clear customer account (with or without residual items)
FB07 - Maintain invoice control totals
SA38 - Run line item journal
FD02 or FD03 - Maintain line items from master records
ZAR4 - Create telephone invoices
- ZAR5 - Maintain telephone invoice table
- SM30; ZARTINVLOG - View telephone invoice log

Apply cash payments

FLB1- Apply unprocessed cash from lock box
F-26 - Post wire transfer/checks via fast payment
F-27 - Credit customer for payroll deduction
F-22 - Process bounced checks
ZFBL5N, FBRA - Reset cleared line items
FBL3 - Search for invoice line item amount

Find/collect overdue (& credit) balances

ZAR2 - Run aging report by dunning area
FD02 - Maintain accounting notes
F-22 - Issue customer refund

Generate reports

ZAR1 - Print replacement billing statements
ZAR2 - Run aging report by dunning area
F150 - Print dunning letters
- FD02 - Block/unblock dunning of customers by dunning area
- ZFBL5N - Block/unblock dunning of line items
- F150 - Print list of blocked accounts
- F150 - Print list of blocked line items
- SM30 - Maintain table of dunning area responsible persons
- SM30 - Maintain table of dunning letter names and phone numbers
SART - Run customer activity report
ZAS1 - Report Errors in Dunning Procedure and Dunning Area
ZAS2 - Find customers with open items and zero balance