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Basics

Former Member
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Could any one explain me the basics of A/R and A/P in FI Module

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Answers (5)

Answers (5)

Former Member
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hi

Account Receivable

The SAP Accounts Receivable application component records and administers accounting data of all customers. It is also an integral part of sales management.

Account Payable

The SAP Accounts Payable application component records and administers accounting data for all vendors. It is also an integral part of sales management: Deliveries and invoices are managed according to vendors. The system automatically makes postings in response to the operative transactions. In the same way, the system supplies the Cash Management application component with figures from invoices in order to optimize liquidity planning.

for further help plz refer at

help.sap.com\

http://www.sap-basis-abap.com/sapfiar.htm

http://www.mysaphelp.com/blog/?p=42

regards

Srilaskhmi

Former Member
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Hi ,

Basic settings for accounts receivable:

a.) Creation of customer Accounts groups:

Two types of customs

FI u2013 Customers u2013 assets sales, scrap sale parties

SD u2013 Customers u2013 products sales

b. Define No. ranges for customers Accounts:

c. Assign No. ranges to customer accounts groups

d. Creation of 2 G/L Accounts:

i.Sundry Debtors  Under Current assets, loans & advances

ii.Sales Accounts u2013 Under sales account

e.Creation of customer master

f.Document types and No. ranges

Dr u2013 Customer Invoices

DZ u2013 Customer Payment

DA u2013 Customer document for transfers/reversals

g. Posting Keys: 01 u2013 Customer debit

15 u2013 Customer Credit

Regards

Surya

Former Member
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Hi Parthasarathy,

Accounts payable (A/P)

It is a subsidiary ledger,This is used for material purchases & salaries. When MM Module is used  Use for services where TDS is to be deducted

When we purchase Raw Material

Inventory Raw Material Dr (General Ledger)

To Party A/C (Subsidiary Ledger) u2013

Basic settings for Accounts payable

1. Creation of vendor Accounts Groups:

a. FI (Financial Vendor) (service parties)

b. MM (Material management vendor) (Material Parties)

For above both cases we have to specify reconciliation account field requirement

2. Creation of No. ranger for vendoru2019s Account

3. Assign number range group of vendor Account group

4. Define tolerance group for vendors.

5. Creation of 2 G/L Masters

a. Inventory raw material  Current Assets loans & Advances

b. Sundry Creditors raw materials  Current liabilities & Provision

6. Creation of Vendor masters

7. Document type and N0. Ranges 

KR u2013 Vendor Invoice

KZ u2013 Vendor Payment

KA u2013 Vendor document for transfer/reversal

8. Posting Keys  31 Vendor Credit

25 Vendor debit

Regards

Surya

Former Member
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Hi

Your requirement is not clear.

AP is account payable module for managing vendor transactions whereas AR deals with customer transactions.

Like the GLs, we have account groups, master records, etc. in both AR & AP. These sub-modules are in real-time integrated to GL through control accounts in GL (reconciliation accounts).

Regards

iklovski
Active Contributor
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