on 05-24-2010 10:48 AM
Hi FI experts
bad debts configuration procedure where we want to classify the receivables as bad debts. as company policy the committee declares after review of customer receivables certain transactions as bad debts. there is no month limit is set. kindly suggest the solution
regards
Sanjay petkar
Hi
1) Define Valuation Method (OB04)
SPRO > Financial Accounting > Account Receivable and Account Payable >
Business Transactions > Closing > Valuate > Define Methods
2) 2) Create 4 G/L Accounts (FS00)
u2022 Bad-Debts
u2022 Reserves for Bad Debts
u2022 Alternative Reconciliation Account
u2022 Provision for Bad Debts
3) Define Accounts for Reserves for Bad Debts (Same Path Above) OBXD
SPRO > Financial Accounting > Account Receivable and Account Payable > Business
Transactions > Closing > Valuate > Reserve for Bad Debts > Define Accounts for
Reserves for Bad Debts
4) Define Alternative Reconciliation Account (OBXY)
SPRO > Financial Accounting > Accounts Receivable and Account Payable > Business
Transaction > Postings with alternative Reconciliation Account > Other Special G/L
Transactions > Define Alternative Reconciliation Account for Customer
End-User Steps
1) Sales Invoice Posting (F-22)
Accounting > Financial Accounting > Customers > Documents Entry > Invoice
General
2) Transfer Invoice from Account Receivable to Alternative Reconciliation (F103)
Accounting > Financial Accounting > Customer > Periodic Processing > Closing >
Valuate > Receivables Transfer Posting (Goss)
3)Make Posting to Bad Debts to provision for Bad Debts (F104)
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Hi,
define one special g/l indicator for bad debts provison. post the bad debts provison thru this special g/l indicator.
Regards,
Nauma,
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
User | Count |
---|---|
104 | |
12 | |
11 | |
6 | |
6 | |
4 | |
3 | |
3 | |
3 | |
3 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.