Accounts Receivable (J59)

With Accounts Receivable, you manage open receivables invoices that are automatically created from sales processes. You manage and control open items with various analytical tools to optimize accounts receivables handling. The primary source of incoming payments is incoming bank statements loaded within the Cash Management process. They are automatically reconciled with open invoices. Easy-to-use views make the post processing of open items convenient and efficient.

Alternatively, manually post incoming payments and easily reconcile the payment with an open item. Several analytical tools are available to monitor the receivables, allowing you to react quickly if you discover a declining payment discipline among your customers. You can easily create dunning letters for overdue items and follow the dunning history of your customers.

Key Process Steps Covered

Manage and complete customer master data
Analyze open items
Reconcile open invoices with incoming payments automatically
Process unassigned incoming payments to open invoices easily and efficiently
Analyze efficiency of payment collection processing
Process customer correspondence
Process overdue item interest calculation

Benefits

Provide more detailed and comprehensive analysis of Accounts Receivable
Provide automatic incoming payments clearing with the Electronic Bank Statement and rule-based reprocessing for incomplete items
Process dunning of overdue items easily
Process customer correspondence such as account statement or balance confirmation easily
Provide item level interest calculation for overdue invoices

Where is Accounts Receivable(J59) being used?

This Scope item is used in the following way:

As a support function of Financial Operations within Finance Scope Item Group

No Process Flow details available for scope item Accounts Receivable(J59)-s4h-2021

Ref: Finance of SAP S4H-2021

Best Practices related to S/4HANA

Best Practices of SAP S/4HANA On Premise *1
Best Practices of SAP S/4HANA Cloud *2
Best Practices of SAP Analytics Cloud *2
Best Practices of Robotics Process Automation(RPA) with SAP Leonardo *2

*1) Yearly Updates are released per September of each year
*2) The Quarterly updates are released per Februari, May, August and November
Details of future releases can be found in the SAP Roadmap section of each product. Go to SAP Roadmap Product Finder.

Knowledge Center Scheer Nederland | The Process Experts Visit also the SAP Cloud ERP knowledge center of Scheer Netherlands. The following topics are covered:

Place comment