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Some explainations on few FI and SD terms.


I'm a beginner in the SD, FI areas, so could anyone please give me some clear and simple explainatons on the following for my understanding.

1. what is a Journal voucher?

2. what are general vouchers?

3. What is a bill of lading?

4. what are tansactions involved with Accounts receivable?

5. what are tansactions involved with Accounts payable?

6. what are credit memo and debit memo?

Thanks and any help is really appreciated...


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  • author's profile photo Former Member
    Former Member
    Posted on Sep 20, 2007 at 06:36 PM

    What is a Journal Voucher?

    A journal voucher is a reclassification (transfer) of charges within or between cost centers, internal orders, or WBS elements. They are created in departments, labs, or centers to bill inter-departmental costs, to adjust billing errors, or for other reasons associated with the department's regular financial operations.

    In SAP, a journal voucher is commonly referred to as a journal document. After you have created, completed, and parked the journal document, it is assigned a document number by the system.

    What is a bill of lading?

    A bill of lading (also referred to as a BOL or B/L) is a document issued by a carrier, e.g. a ship's master or by a company's shipping department, acknowledging that specified goods have been received on board as cargo for conveyance to a named place for delivery to the consignee who is usually identified. A through bill of lading involves the use of at least two different modes of transport from road, rail, air, and sea. The term derives from the noun "bill", a schedule of costs for services supplied or to be supplied, and from the verb "to lade" which means to load a cargo onto a ship or other form of transport.

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