2/7/2018 SAP- AR & AP Interview Questions

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SAP- AR & AP Interview Questions SAP Third Party

SAP- AR & AP Process Step by
Step
Interview October 22, 2008
• 12 Comments
Questions
How to Explain
1. At what level are
Output
the Customer & determination
Vendor code stored Procedure in
in SAP? SAP SD?
October 22, 2008 • 9
The customer and
Comments
Vendor code are at
the client level. That The List of
means any company code can use the customer and Vendor code companies
by extending the company code View. using SAP in
India
2. How are vendor invoice payment made?
January 9, 2013 •
Manual payments without the use of any output medium like 5 Comments
cheques etc
SAP Accounting
Automatic payment programme through cheques, Wire transfers,
Entries from
DME etc
MM
3. How do you con gure the Automatic payment program? March 12, 2013 •
5 Comments
The following are the step to con gure Automatic payment
program
The List of SAP
Step-1: Education
Partners in India
Co Code for payment transaction January 1, 2013 •
De ne sending and paying Company Code. 5 Comments

Tolerance days for payable

Minimum % for cash discount
Special GL transactions to be paid

Step-2:

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Paying company code for payment transaction

Tweets by @technosap
Minimum amount for outgoing payment
No exchange rate di TechnoSAP
Separate payment for each ref @technosap
Bill /Exch payment fb.me/1bHwFRoiB
Form for payment advice
Jun 16, 2017

Step-3: TechnoSAP
@technosap
Payment method per company fb.me/1LCfIm9os
Whether outgoing payment
Jun 16, 2017
Check or Bank transfer or B/E
Whether allowed for personal payment
TechnoSAP
Required master data @technosap
Doc Types technosap.com/sap-basis/what…
Payment medium programs fb.me/4xq8Zsk9D
Currencies allowed
What is SAP BI …
The below Step-…
Step-4:
technosap.com

Payment method per company code for payment transactions

Mar 7, 2016
Set up per payment method and Co.Code
The minimum and maximum amount TechnoSAP
Whether payment per due day @technosap
Bank Optimization by bank group or by postal code or no
Embed View on Twitter
optimization
Whether Foreign currency allowed
Customer/Vendor bank abroad allowed
Attach the payment  form check
Whether payment advice required

Step-5:

Bank determination for Payment Transactions

Rank the house banks as per the following
Payment Method, Currency and give them ranking no’s
Setup house bank sub account (GL Code)
Available amounts for each bank
House Bank, Account id, Currency, Available amount
Value date speci cation

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4. Where do you attach the check payment form?

It is attached to the payment method per Company code.

Payment terms for customer master can be maintained at two
places i.e. accounting view and The sale view.

5 .Which is the payment term which actually gets defaulted in

transaction?

The payment term in the accounting view of the customer master

comes into picture if the transaction originates from the FI module.
If an FI invoice is posted (FB70) to the customer,then the payment
terms is defaulted from the accounting view of the Customer
master.

The payment term in the sales view of the customer master comes
into picture if the transaction originates from the SD module. A
sales order is created in the SD module. The payment terms are
defaulted in the sales order from the sales view of the Customer
master.

Payment terms for Vendor master can be maintained at two places

i.e. Accounting view & the Purchasing view

6. Which is the payment term which actually gets defaulted in

transaction?

The payment term in the accounting view of the Vendor master

comes into picture if the transaction originates from the FI module.
If an FI invoice is posted (FB60) to the customer,then the payment
terms is defaulted from the accounting view of the Vendor  master.
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The payment term in the sales view of the customer master comes
into picture if the transaction originates from the MM module. A
sales order is created in the MM module.

The payment terms are defaulted in the Purchase order from the
Purchasing view of the Vendor Master.

7. Explain the entire process of Invoice veri cation from GR to

Invoice
HOMEveri cation
SAP in SAP with accounting
OVERVIEW entries? 
SAP TRAINING HOW-TO TOPICS SAP TUTORIALS
A goods receipt in SAP for purchased material is prepared referring
TIPS & TRICKS
a Purchase Order.

When goods receipt is posted in SAP the accounting entry passed

is:

Debit          Inventory A/c

Credit       GR/IR A/c

A GR/IR A/c is a provision a/c which provides for the liability of the
purchase. The rates for the valuation of the material are picked up
from the Purchase order.

When the invoice is booked in the system through Logistics invoice

veri cation the entry passed is as follows:

Debit           GR/IR A/c

Credit          Vendor

8. How the Tolerances for Invoice veri cation de ned?

The following are the instances of tolerances that can be de ned

for Logistics Invoice Veri cation.

Start Download - View PDF

Small Di erences
Moving Average Price variances
Quantity variances
Price variances

Based on the client requirement, the transaction can be 

“BLOCKED” or Posted with a  “Warning” in the event of the
Tolerance being exceeded.

Tolerances are nothing but the di erences between Invoice

amount and Payment amount which is acceptable to the client.

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9. How we can change the Reco account in the Vendor Master? If

so, and how? What is the impact on the old balances?

Reconciliation account can be changed in the Vendor master

provided that authority to change has been con gured. Also any
change you make to the reconciliation account is prospective and

not retrospective. The old items & balances do not re ect the new
account only the new transactions re ect the account.

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Comments (1)

Sona Sunitha  Jun 21, 2014

thanks for providing sap AR-AP.its very help ful to

whom wants to prepare for interview on sap
modules http://www.kbstraining.com/

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