Accounts Receivable Summary

Here we come to an end of this session, which was on accounts receivable, foreign exchange, and bills of exchange. Let us summarize what we have learnt from this session. 

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The first part was on accounts receivable, under which we have learnt about customer invoice using transaction code FB70, how to do booking of customer invoices using transaction code F22, customer collection using transaction code F28,  how to print payslips using transaction code ZPAYSLIP. Then we have seen how to do the clearing of the open line items in the GL accounts using transaction code F03,  how to do the customer advances using transaction code F29, how to clear the advances using transaction code F39. We have also seen how to do the refund of the advances paid to the customer using transaction code F31 or F18. And last, we have seen clearing the customer invoice with advances using transaction code F32. So these are the topics which we have covered under accounts receivable. 

 

Now next, under foreign exchange evaluation, we have learned about how to maintain the foreign exchange rate using transaction code FB08. Then we have further seen about how to do the realized gain loss, we have seen about unrealized gain or loss. And last, we have seen about revaluation or restatement of general ledger account. So these are the things which we have learned under foreign exchange reevaluation or restatement. 

 

And under bills of exchange, we have learned how to do the posting procedure for bills of exchange receivables. Then under that, we have seen how to do the acceptance of bills of exchange using transaction code F36, how to do the bill discounting using transaction code F33, then reverse reverse contingent liability using transaction code F20. Then we have seen in brief about noted items using transaction code F49, and last, we have seen how to do the reversal of those noted entries using transaction code FB08. So, these are the topics which we have covered under bills of exchange. So this is the accounts receivable, foreign exchange evaluation, and bills of exchange session in SAP FI.