waht the step to be performed for configuration of bad debt anf provision for bad debt .also required entry from end user point
2 Replies
Vinoth
(Assistant Manager Finance)
(166 Points)
Replied 16 May 2013
Dear Rahul,
Follow the following steps.
1. Create provision for bad & doubtful debts.
2. Get approval from board/manager
3. Transfer to bad debts from provision.
4. Clear the debtors balance.
if you like to have entries, just mail me vinodkumar2001 @ msn.com .
Regards
Vinothkumar.CMA
Sheli Sehrawat
(SAP Business Consultant)
(767 Points)
Replied 21 May 2013
Hi,
The procedure for Bad debt configuration:-
Define Methods: SPRO / Financial Accounting / Accounts Receivables & Payables / Business transactions / Closing / Valuate / Reserve for bad debts
- OB04
- Double click define methods
- Select New entries button
Save
Creation of Bad Debts Account: FS00
Co.code: XXXX
- Select with template button G/L A/c:XXXXXX Co.Code : XXXX
Account group: Administration
- Select P & L Radio button
Short text: Bad debts Long text: Bad debts
- Select control tab button Current currency: INR
- Select only local currency check box
- Select line item check box, Sort key:001 Field status variant: G001
- Save
Define Accounts for Reserve & Bad Debts:
- OBXD
SPRO / Financial Accounting / Accounts Receivables & Payables / Business transactions / Closing / Valuate / Define Accounts for Reserve & Bad debts
Chart of Accounts: XXXX
PROVISION METHOD DEBIT CREDIT
XXX XXXXXX XXX XXX
Select rules tab button Accounts are determined based on
- Select Debit/Credit check box 40/50
- Select provision method check box
- Save
Special G/L Account:
- FBKP
Double click Special G/L
Account Type Special G/L Special G/L Indicator
D E Reserve Reserve for Bad debts
Double click Reserve
Chart of Accounts
Account Assignment
Reconciliation A/c:XXXXXX (SD) Spl.G/L-XXXXXX Save
Accounting / Financial Accounting / Accounts Receivable / Periodic processing / Closing / Value / Receivable transfer posting (Gross)
Customer A/c:XXXXXX Provision method: XXXX
Special G/L Indicator for Debit Rec: E (Reserve for bad debts)
- Select create batch input session check box
- Batch input session name: SAPF103
- Posting Key:09 Posting document: DA
- F8
From the menu Select -> System -> Batch Input -> Session
- Select batch input session: SAPF103 Select process
- Select display errors only V
- Select process button
- Exit Batch input
Reference: scn.sap.com
Thanks
Sheli
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