SAP FI

What is the additional log in the AP payment program and how can it be used for troubleshooting ?

SAP FI

Written by achurenics Monday, 10 January 2011 19:49

A: The additional log is an important setting when performing a payment run. The amount of information stored in the log can be selected (see below). If there are any errors with the payments run, due to either missing or incorrect master data settings, negative balances due to credit memo’s etc, the system will report these in the additional log.
 

How can you link customer and vendor master records and what is the purpose of doing so ?

SAP FI

Written by achurenics Monday, 10 January 2011 19:49

A: On the customer master there is a field “vendor” and likewise on the vendor master there is a field “customer”. By entering these master data numbers, a link can be created between the AP/AR subledgers for use in the payment program, dunning routine and the clearing of open items. For example in the payment program, if a specific business partner is your vendor but also your customer, linking their master records together will allow the open AR invoices to be offset against the outstanding AP invoices.

What are terms of payments and where are they stored ?

SAP FI

Written by achurenics Monday, 10 January 2011 19:49

A: Payment terms are created in configuration and determine the payment due date for customer/vendor invoices. They are stored on the customer/vendor master record and are pulled through onto the customer/vendor invoice postings. The due date derived via the payment can be changed on each individual invoice if required
 

What is meant by a “baseline date” in SAP AR and AP ?

SAP FI

Written by achurenics Monday, 10 January 2011 19:49

A: The baseline date is the date from which the payment terms (specified in IMG transaction OBB) apply Usually this is the document date on the invoice but can also be the date of entry or posting date from the ledger

What are one-time vendors ?

SAP FI

Written by achurenics Monday, 10 January 2011 19:49

A: In certain industries (especially where there are a high volume of cash transactions), it is not practical to create new master records for every vendor trading partner. One-time vendors allow for a dummy vendor code to be used on invoice entry and the information which is normally stored in the vendor master (payment terms, address etc) , is keyed on the invoice itself.
 

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