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    Case Study - Accounts Receivable (FI - AR)

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    Virgo Cruz
    This document summarizes a case study on accounts receivable. It describes 6 steps taken: 1) Changing payment terms for a customer, 2) Creating customer invoices, 3) Displaying customer balances, 4) Posting incoming payments, 5) Displaying updated balances with green icons indicating paid items, and 6) Various scenarios - cancelling an invoice, changing an invoice assignment, and resetting/reversing incoming payments. The amounts in the trade accounts receivable line are updated at each step, reflecting the changes made.

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    Case Study - Accounts Receivable (FI - AR)

    Uploaded by

    Virgo Cruz
    75 views56 pages
    This document summarizes a case study on accounts receivable. It describes 6 steps taken: 1) Changing payment terms for a customer, 2) Creating customer invoices, 3) Displaying customer balances, 4) Posting incoming payments, 5) Displaying updated balances with green icons indicating paid items, and 6) Various scenarios - cancelling an invoice, changing an invoice assignment, and resetting/reversing incoming payments. The amounts in the trade accounts receivable line are updated at each step, reflecting the changes made.

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    SAP SAP

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    This document summarizes a case study on accounts receivable. It describes 6 steps taken: 1) Changing payment terms for a customer, 2) Creating customer invoices, 3) Displaying customer balances, 4) Posting incoming payments, 5) Displaying updated balances with green icons indicating paid items, and 6) Various scenarios - cancelling an invoice, changing an invoice assignment, and resetting/reversing incoming payments. The amounts in the trade accounts receivable line are updated at each step, reflecting the changes made.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    75 views56 pages

    Case Study - Accounts Receivable (FI - AR)

    Uploaded by

    Virgo Cruz
    This document summarizes a case study on accounts receivable. It describes 6 steps taken: 1) Changing payment terms for a customer, 2) Creating customer invoices, 3) Displaying customer balances, 4) Posting incoming payments, 5) Displaying updated balances with green icons indicating paid items, and 6) Various scenarios - cancelling an invoice, changing an invoice assignment, and resetting/reversing incoming payments. The amounts in the trade accounts receivable line are updated at each step, reflecting the changes made.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 56

    CASE STUDY

    – ACCOUNTS
    RECEIVABLE
    (FI -AR)
    (Financial Accounting Case Study 2)
    GROUP:
    LEADER: Briones, Lian M.
    MEMBER:
    Ogatis, Chin-Chin May B.
    Ponpon, Florenda P.
    Quilla, Erika Royce
    NOTE:
    All steps are made by Florenda P. Ponpon (LEARN-118). As her grouping’s
    contribution.

    Step 1: Change terms of payment for Customer


    Step 2: Create Customer Invoice
    Please note down your receipt number:
    CUSTOMER REFERENCE RECEIPT NUMBER
    8999 100 MOTOWN 1 1800000460
    3100 100 PHILLY 1 1800000461
    2100 100 APPLE 1 1800000462
    4100 100 PEACHTREE 1 1800000463
    3100 100 PHILLY 2 1800000464
    6100 100 WINDY 1 1800000465
    8100 100 MOTOWN 2 1800000466
    Step 3: Display Customer Balances
    What does the red icon under Clearing status of items mean?
     The transaction is displaying the Open Items marked with red in the status column.
    There is no clearing document for the moment, because this document will
    be cleared as per the date from Net due date column when the invoice will be paid. 
    Step 4: Post an Incoming Payment
    INCOMING PAYMENT 100 MOTOWN 1
    INCOMING PAYMENT 100 APPLE 1
    INCOMING PAYMENT OF PHILLY 1
    Note: If you haven’t written down the document number, you can later find the document
    by using the Display Customer Balances app. Enter your customer, your company code
    US00 and your current fiscal year. Confirm with Enter .
    100 MOTOWN 1 ACCOUNT
    INCOMING PAYMENT OF 100 PEACHTREE 1
    INCOMING PAYMENT OF 100 WINDY 1
    What do you notice about the document number when comparing to the Accounts
    Receivable invoice entry document number?
     Based on our works when comparing to our Accounts Receivable invoice entry, it is
    all sequential based on the last three digits of our number. But, in the document
    numbers in posting payments are not sequential.

    CUSTOMER’S NAME JOURNAL ENTRY POSTING DATE


    (8999) 100 MOTOWN 1 1400000182 12/01/20
    (3100) 100 PHILLY 1 1400000195 12/01/20
    (2100) 100 APPLE 1 1400000183 12/01/20
    (4100) 100 PEACHTREE 1 1400000185 12/01/20
    (6100) 100 WINDY 1 1400000186 12/01/20
    Step 5: Display the Customer Balances
    What does the green icon under Clearing status of items mean?
     The green represents the status of the customer’s balances. it is green,
    the item shown as "closed" because the company already receive the
    customer’s payment.
    UNDER SALES
    Step 6: Scenario 1 Cancel the Invoice

    Look for the line Trade Accounts receivables. What amount is displayed
    to you?
     1,333,016.00 USD – Period Balance
    What amount is displayed to you?
     1,316,516.00 USD – Period Balance
    Where does the difference to the previous step come from?
     The difference between the trade receivable from the previous step is, it
    is much lower than the previous step. It is came from the cancelled
    invoice document for the trade receivable account.
    Step 7: Scenario 2 Change the Invoice Assignment
    Explain the difference to step 7.1:
     It became all red considering that red means there is no clearing document for the
    moment, because this document will be cleared as per the date from Net due date
    column when the invoice will be paid. 
    Describe what happened:
     Considering that there’s an error due to that I had mistakenly assigned the payment
    received by my customer.
    Step 8: Scenario 3: Resetting and Revers Incoming Payments

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