Introducing Open Receivables Management

Objectives

After completing this lesson, you will be able to:

  • Gain an overview of Open Receivables Management

Overview of Open Receivables Management

Hi, I am Michael and I have just joined the Account Receivables department of the Bike Company. I have some experience with the SAP S/4HANA finance modules, but this is my first time working in Receivables Management. I have just completed the F1141 course on Receivables Management Master data and now need to understand how to enter miscellaneous customer invoices and credit memos in SAP S/4HANA. Additionally, it would be useful to know how I should deal with an invoice that was incorrectly posted. Do I repost or can I change the posted invoice? I am sure there are other maintenance type apps that I will need to use.

Furthermore, I would like to get exposure to the integration aspects of Receivables Management whereby the Sales and Distribution module is used to create the sales order and facilitate the delivery of the ordered goods and the billing of the customer. Lastly, learning what reporting and analytical apps are available to manage receivables would round off a sound overall knowledge.

But first, I need to gain an overview of the basics around posting and management of customer invoices related to Receivables Management.

By the end of this Unit, you will be able to:

  • Enter manual Customer invoices and credit memos.

  • Review document editing options.

  • Manage customer line items.

  • Retrieve and modify customer documents.

  • Reverse and reset cleared items.

  • Clear Customer account open items manually and automatically.

  • Single and mass document changes.

  • Report on document changes.

  • Understand the integration between Sales and Receivables Management.

  • Outline receivables management reporting.

Log in to track your progress & complete quizzes