AR AP Flashcards
Define Account groups to determine:
a) Interval for the account numbers
b) Whether the number is assigned internally or externally
c) whether is a one time account
d) Field status for master records
Field status prerequisite Account management For account groups
a) Reconciliation account as a Required entry
Create Number or ranges for customer / Vendors accounts
a) Is at Client level
b) Same customer number can be extended by one or more company codes
Define screen layout per activity
a) Change the reconciliation account to display
Set up bank determination for payment transactions
a) Ranking order of banks
b) Banks accounts
c) Available amounts
d) Value date
Ranking orders
a) Payment method
b) Currency
c) House bank
Bank accounts
a)Maintain Sub accounts for these house banks
Available amounts
a) Update the available amount for outgoing payments and currency for each house bank
Special G/L list
a) A=Down payment
b) C= RE Rent deposit
c) F= Down Payment Request
d) G= Guarantess Given
e) J= Advanced Payment Requests
f) K= AP Operating Costs
g) I= Down Payment
h) U= RE AP Sales based rent
Special G/L List Account assignment
a) Reconciliation account
b) Special GL account
c) Planning Level
d) Outpout tax clearing
Properties for Special GL accounts
a) Noted items
b) Related to credit limit
c) Commitments warning
d) Target Special GL indicator
Define Sort Method and adjustment acct. For Reagrouping Receivables / Payables
a) Define periods for the remaining terms of receivables and payables
b) For each period transfer posting to Customer, vendor or GL
Define Sort Method and adjustment acct. For Reagrouping Receivables / Payables customizing
a) Define Interval and description
b) Time unit
c) Adjustment account
d) Target account
Dunning procedure
a) Define Dunning areas
b) Define Dunning keys
c) Define Dunning Block reasons
d) Define Dunning procedures
Dunning areas can correspond
a) Division
b) Distribution channel
c) Sales organization
d) Business area
Dunning notices are sent separately per dunning area
Use of dunning area is optional
Dunning key refers to
a) Max level
b) Print separately
Define Dunning Block reasons entered to
a) Transaction line item
b) Or in the account of a customer
c) Blocked items or accounts are not considered in the dunning run
Define Dunning procedures overview
a) Setting of the dunning program
b) Dunning procedures are company code independent
Dunning procedures determined
a) Dunning interval
b) Grace periods for the due date determination (number of days in arrears)
c) Number of dunning levels
d) Reference Dunning procedures for texts
Customer master records for dunning (Correspondance TAB)
a) Dunning procedures
b) Dunning areas
c) Dunning block ( if we wanto to block a customer)
Clearing accounts can be automatical cleared to
a) Normal items
b) Special GL transactions
c) Noted Items
d) Parked items
e) Customer items
Partial Payment
a) Creates a new document and its referenced to the original invoice or document
Residual payment
a) Creates a clearing document with two items
