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SAP FI Course Contents

This document provides instructions for setting up accounts receivable in the ERP system. It explains that the accounts receivable subledger is used for non-product sales like scrap or asset sales when the sales and distribution module is not fully implemented. It outlines the basic settings needed like creating customer account groups, number ranges, general ledger accounts, and document types. It also notes that advances received from customers in advance of sales work similarly to advance payments from vendors.

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49 views2 pages

SAP FI Course Contents

This document provides instructions for setting up accounts receivable in the ERP system. It explains that the accounts receivable subledger is used for non-product sales like scrap or asset sales when the sales and distribution module is not fully implemented. It outlines the basic settings needed like creating customer account groups, number ranges, general ledger accounts, and document types. It also notes that advances received from customers in advance of sales work similarly to advance payments from vendors.

Uploaded by

pankajsarmi
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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ACCOUNTS RECEIVABLE

This is also sub ledger (Subsidiary Ledger). This is used when Sales & Distribution Module
is not implemented for all types of Sales. Ex: for Product Sales / Scrap Sales/ Asset Sale
When SD Module is implementing, this is used for Scrap Sale / Asset Sales, Other than
Product Sales. Product Sales will be used in SD Module.

In case of Sales:
Customer A/c Dr. → Sub Ledger → Sundry Dr. A/c
(General Ledger)
To Sales A/c → Gen. Ledger A/c Reconciliation Account or
Control account.

Basic Settings for Accounts Receivable:

1 Creation of Customer Account Groups


a) FI Customers----> for Scrap Sale/ Asset Sale Parties
b) SD Customers----> for Product sale parties
In Both the cases, make Reconciliation account required entry field
2 Create Number Ranges for Customer Account
3 Assign No Ranges to Customer Account Groups
4 Creation of 2 GL Master
a) Sundry Debtors → under Current Assets, Loans & Advances
b) Sales Account → Under Sales
5 Creation of Customer Masters
6 Document Types & Number Ranges
DR → Customer Invoice
DZ → Customer Payment
DA → Customer Document for Transfers/ Reversals
7 Posting Keys → 01: Customer Debit
15: Customer Credit
Advance Receipt from Customers
(Down Payments Received):

Note: customer advances are same as Advance to Vendors (account payables)

Normally after sales we receive payment from Customer. In this case, we received
advance from Customer and after that sales were made.

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