Home \ Interview Questions \ SAP Interview Questions \ SAP FI

SAP FI

What factors should be considered when configuring an Accounts Payable Vendor Group ?

Written by achurenics Monday, 10 January 2011 19:49

A: The following are determined by the creation of a new AP vendor group (transaction OBD3) • Whether the vendors in this group are one-time vendors – i.e. no master record is created but the address and payments details are entered against each invoice to this vendor • Field status group – which fields on the vendor master are suppressed, optional or mandatory when creating vendors belonging to this group Additionally the vendor number ranges defined in transaction XKN1 need to be assigned to your vendor account groups in transaction OBAS. The decision needs to be made whether to assign an external number range (where the user chooses the master record number) or an internal number range (system assigned)

Add new comment

Name the standard stages of the SAP Payment Run.

SAP FI

Written by achurenics Monday, 10 January 2011 19:49

A: The following steps are usually performed during the payment run • Entering of parameters (company codes, payment methods, vendor accounts etc) • Proposal Scheduling – the system proposes list of invoices to be paid • Payment booking – the booking of the actual payments into the ledger • Printing of payment forms (cheques etc) Variations on the above may be found in different SAP customers, but the interviewer will be looking for the basis steps above.

Add new comment

What is the purpose of payment methods and where are they stored?

SAP FI

Written by achurenics Monday, 10 January 2011 19:49

A: Generally payment methods are one digit alphanumeric identifiers that indicate the type of payments made to vendors or received from customers. There are many standard delivered SAP entries for each country.

Add new comment

Explain briefly how you can import electronic bank statements into SAP.

SAP FI

Written by achurenics Monday, 10 January 2011 19:49

A: A text file is received from the bank which is then uploaded into the SAP system. The file contains details of the company’s bank movements e.g. cheques, bank interest, bank charges, cash receipts etc. Depending on the system configuration SAP will attempt to book these transactions automatically to the correct accounts to avoid the need for manual entries by SAP users. Any postings which the system cannot derive automatically can be booked through “post-processing”

Add new comment

Residual PaymentsIn Accounts Receivable, what’s the difference between the ‘residual payment’ and ‘part payment’ methods of allocating cash ?

SAP FI

Written by achurenics Monday, 10 January 2011 19:49

A: These are the two methods for allocating partial payments from customers. As an example, lets say invoice A123 exists for 100$ and a customer pays 60$. With partial payment, the 60$ simply offsets the invoice leaving a remaining balance of 40$ With residual payment, invoice A123 is cleared for the full value 100$ and a new invoice line item is booked for the remaining balance of 40$.

Add new comment

SAP FI

What factors should be considered when configuring an Accounts Payable Vendor Group ?

Name the standard stages of the SAP Payment Run.

What is the purpose of payment methods and where are they stored?

Explain briefly how you can import electronic bank statements into SAP.

Residual PaymentsIn Accounts Receivable, what’s the difference between the ‘residual payment’ and ‘part payment’ methods of allocating cash ?

More Articles...

Search TechHairBall.com

Login Form (Can use your Gmail Acct)

Topics

Latest Comments