Masters Of SAP

  Down Payments in #SAP By Cristian Bøhnsdalen   What are #DownPayments in #SAP? According to chatgptfree.ai #artificialintelligence: “In SAP, downpayments refer to advance payments made to vendors or customers before the delivery of goods or services. Downpayments are typically used to secure a commitment from the other party and ensure timely delivery or performance of the agreed-upon goods or services. In the context of Accounts Payable (AP) and Accounts Receivable (AR) processes in SAP, downpayments can be recorded and managed using the Down Payment Request (DPR) and Down Payment Clearing (DPC) functionalities. When a downpayment is made to a vendor, a Down Payment Request (DPR) is created in SAP to record the advance payment. The DPR specifies the vendor, amount, payment terms, and other relevant details. Once the goods or services are delivered, the downpayment can be cleared against the subsequent invoice using the Down Payment Clearing (DPC) functionality...

Automatic Payments F110 in #SAP By Cristian Bøhnsdalen   According to chatgptfree.ai #artificialintelligence: “In SAP, automatic payments refer to the process of setting up and executing payments to vendors or other entities automatically, based on predefined criteria and schedules. This functionality is typically used to streamline the payment process, reduce manual effort, and ensure timely and accurate payments. To set up automatic payments in SAP, users can utilize the Automatic Payment Program (APP) functionality within the Accounts Payable (AP) module. The APP allows users to define payment methods, payment terms, vendor selection criteria, and other parameters to automate the payment process. Users can schedule automatic payments to run at specific intervals, such as daily, weekly, or monthly, based on the payment terms and due dates of invoices. The system will then generate payment proposals based on the defined criteria and allow users to review and approve th...

Manual collections and payments in #SAP By Cristian Bøhnsdalen   According to chatgptfree.ai #artificialintelligence: “In SAP, manual collections and payments refer to the process of manually recording and managing incoming and outgoing payments that are not processed through automated means. This can include cash payments, checks, or other forms of manual transactions. To perform manual collections and payments in SAP, users typically navigate to the relevant transaction codes or modules within the system, such as the Accounts Receivable (AR) or Accounts Payable (AP) modules. From there, they can enter the necessary details for the payment or collection, including the amount, payment method, and relevant account information.” Manual collections: Once the customer invoice is issued and registered, we proceed to it´s manual collection in the system. Consider that the manual collection is no more than an accounting entry, since the collection itself is done through the ...