Accounts Receivable is a submodule of SAP FI used to manage and record Accounting data for all the customers. It handles customer invoices, approvals, payments and other allied activities.
Any postings made in Accounts Receivable is updated in General Ledger G/L as well. The Accounts Receivable submodule has tons of reports and forecasting features to track customer/vendor outstanding and payments.
The chief processes covered in the sub-module are
- Maintain Master Data
- Credit Management
- Invoice Processing
- Cash Receipts and Payments
- Accounts Analysis and Reconciliation
- Reports
