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Chapter 14 ■ Defining FI Accounts Receivable and Accounts Payable
The next exercise you learned about in this chapter was terms of payment. You learned how to maintain
terms of payment for customers and how to maintain terms of payment and an installation plan. You
then learned how to define a cash discount base for an incoming invoice, define incoming invoices credit
memos/credit memos, define document types for enjoy transactions, define tax code per transaction, and
define accounts for net procedures.
You also learned about manual outgoing payments. You learned how to define tolerances for outgoing
payments. You learned also how to define reason codes and how to define accounts for payment differences.
Apart from learning what an automatic outgoing payment is, you went through the steps involved when
defining automatic outgoing payments. You looked at the specifications involved when defining and paying
company codes, payment methods per country, and payment methods per company codes.
You learned how to define sort methods and adjust accounts for regrouping receivables/payable. You
learned how to define sort methods for accounts receivables and payables by defining periodic intervals for
receivables and payables. The next exercise explained how to define adjustment accounts for receivables/
payables by maturity based on periods receivable and payables due to enabling automatic postings to the
G/L accounts. In so doing, you learned how to define accounts for receivables/payables due in one year,
receivables due after one year, payables due between one and five years, and payables due after five years.
Finally, you looked at the difference between the normal reversal and negative reversal posting
methods. You learned how to activate the indicator for permitted negative postings and how to define a
reason code for negative posting.
In the next chapter, you will learn how to define correspondence in SAP. In doing this, you will define
correspondence types, assign programs for correspondence type, define sender details for correspondence
form, determine call-up functions, defining dunning procedures, specify the special G/L transactions
that allow the system to dunn special G/L transactions, and learn about the various levels involved when
defining dunning.
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