The payment processed for incorrect payment invoices needs to correct it. SAP FI provides facility to reset the incorrect payment invoices which are generated wrongly or mistakenly.
Category Archives: SAP FI
Below process shows how to generate withholding tax while payment posting.
Below process shows Generation withholding tax while vendor invoice posting.
The payment processed for incorrect payments needs to correct it. SAP FI provides facility to reset the incorrect payments which are generated wrongly or mistakenly.
Automatic Payment Program (APP) serves the purpose of posting accounts payable based on vendor invoices automatically. APP is a tool posting the vendor payments according to due date and it helps to avoid any mistakes taken place in posting manually.
The Accounts Receivable application component records and controls all customers accounting data. Accounts Receivable is an essential part of sales management.
In the SAP System, all business transactions are posted to and managed in accounts. Master record must be created for each account that require. The master record contains data that controls how business transactions are recorded and processed by the system.
Customer master records are used by both the Financial Accounting (FI) component and the Sales and Distribution (SD) component.
Both accounting and sales departments use the customer master record. Either the general and company code data or the entire customer master record can be displayed when it required.
If the master record changed, the system logs these changes and generates change documents. It stores the time of change, the name of the user and the previous field contents for each field.