sap accounts payable interview questions

When this indicator is not set, then a new open item is created for the payment difference. jet airways cabin crew interview questions and ans, KnockoutJS Interview Questions and Answers, Linux admin Interview Questions and Answers, Linux Shell Scripting Interview questions and answ, Lisp Programming Interview Questions and Answers, Loadrunner Interview Questions and Answers, Loadrunner Interview Questions and Answers 2018, Machine Learning Interview Questions and Answers, Mainframe Interview Questions and Answers, Managerial Round Interview Questions And Answers, Manual Testing Interview Questions and Answers, MapReduce Interview Questions and Answers, Mechanical Engineering Interview Questions, Mechanical Engineering Interview Questions and Ans, Microstrategy Interview Questions and Answers, Mobile Testing Interview Questions And Answers, MS sharepoint 2013 development interview Question, Multithreading in Java Interview Questions and ans, MVC Interview Questions and Answers For 2 Years Ex, Network Engineer Interview Questions And Answers, Network Security Interview Questions and Answers, Networking Interview Questions and Answers, OOPS ABAP Interview Questions and Answers, openstack interview Questions and Answers, Operating System Interview Questions and answers, Oracle application interview questions and answers, Oracle Data Guard Interview Question And Answers, Oracle DBA Interview Questions and Answers, Oracle Finance Interview Questions and Answers, Oracle HRMS Interview Questions and Answers, Oracle Identity Manager Interview Questions and An, Oracle RAC Interview Questions And Answers, Peoplesoft Interview Questions and Answers, Performance testing Interview Questions 2019, Photoshop Interview Questions And Answers, Php and mysql interview question and answers, power bi interview questions and answers 2017, Powershell Interview Questions and Answers, python pandas interview questions and answers, Python testing Interview Questions and Answers, Quality analyst Interview Questions and Answers, R programming interview question and answers, RDBMS Interview Questions and Answers 2018, RDBMS Interview Questions and Answers 2019, Restful Web Services Interview Questions and Answe, Ruby on Rails Interview Questions and Answers, Salesforce Admin Interview Questions and Answers, Salesforce Developer Interview Questions and Answe, Salesforce Interview Questions and Answers, SAP ABAP ALV REPORTS Interview Questions and Answe, SAP ABAP DATA Dictionary Interview Questions and A, SAP ABAP Enhancement Interview Questions and Answe, sap abap hr interview questions are very useful th, SAP ABAP Smartforms Interview Questions and Answer, SAP ABAP TECHNICAL Interview Questions and Answers, SAP Basis Interview Questions and Answers, SAP BO Administrator Interview Questions and Answe, SAP BW on HANA Interview Questions and Answers, SAP FI MM Interview Questions and Answers, SAP FIORI Interview Questions and Answers, sap functional testing interview questions, SAP HANA MODELLING Interview Questions and Answers, SAP MM Interview Questions and Answers For Experie, sap oil/gas interview question and answers, SAP OOPS ABAP Iterview Question and Answers, SAP PP Interview Questions and Answers for 2018, SAP TESTING Interview Question and Answers, SAP Web Dynpro ABAP Interview Questions and Answer, SAP XI/PI Interview Questions and Answers, Scrum Master Interview Questions and Answers, Selenium Interview Questions and Answers For Exper, Servicenow Interview Questions And Answers, Sharepoint 2013 Development Interview Questions, Social Media Marketing Interview questions and Ans, Software Testing Interview Questions and Answers, Spring AOP Interview Questions and Answers, Spring Boot Interview Questions and Answers, Spring Interview Questions and answers for experie, Spring MVC Interview Questions and Answers For Exp, SQL Joins Interview Questions and Answers, Supply Chain Management Interview Questions And An, System Administrator Interview Questions and Answe, TCS Technical Interview Questions and Answers, Team Leader Interview Questions and Answers, Technical Support Interview Questions and Answers, Telephonic Interview Questions and Answers, top 40 cloud security interview questions, Top 50 Project Management(PMP) Interview Questions, Top C & Data Structure Interview Questions And, top java web services interview questions 2017, Tricky Java Interview Questions and Answers, typescript interview questions ans answers, Winrunner Interview Questions and Answers, Wireshark Interview Questions and Answers, Wordpress Interview Questions and Answers. What do you understand by Intercompany Settlement? Ans: There are three categories of data maintained in a typical master record for a customer: General Data includes general information such as account number, name, telephone, bank information, trading partner, vendor (if the customer is also a vendor), group key, bank key, bank account, alternate payee, etc., which are common to all the Company Codes using this master. Ans: ‘Tolerances’ are defined in the system to facilitate dealing with the differences arising out of accounting transactions and to instruct the system on how to proceed further. This tutorial explains Enterprise Structure Related SAP FICO Interview Questions and Answers such as What are the various organizational assignments to a company code, What is the relation between a Controlling Areas and a Company code, How many Accounts Receivable and Accounts Payable. 1. 250+ Sap Accounts Payable For Beginers Interview Questions and Answers, Question1: Explain ‘Customer/Vendor Master Records? Here also, you define the ‘permitted payment differences’: While processing, the system compares the tolerance of an employee against the customer tolerance (or vendor tolerance or the GL) and applies the most restrictive of the two. Like us on Facebook and follow us on Twitter, TOP 15 SAP FICO Account Payables(AP) Interview Questions, TOP 10 SAP FICO – Asset Accounting Interview Questions, ABAP ALV with Integrated Data Access(IDA), $filter Query Option in SAP OData Service, MOVE-CORRESPONDING for Internal Tables in ABAP 7.4. When maintained in the Company Code area you can use that payer only in that Company Code; if defined at the Client level you can use it across all Company Codes. Q3 - SAP FICO interview questions on Accounts Payable & Accounts Receivable. Designating ‘alternate payee’ does not absolve the customer of his/her obligation for payment.The ‘alternate payee’ can be maintained in Client-specific data or in the Company Code area. Maintain a GL account for a given combination of ‘chart of accounts’+ ‘valuation grouping code ‘+’ account modification code ‘+’ valuation classes.’, Depending on the ‘plant’ entered during goods issue (GI), the ‘Company Code’ is determined by the system which in turn determines the relevant ‘Chart of Accounts.’, The plant thus entered in goods issue determines the ‘valuation class’ and then the ‘valuation grouping code.’, The ‘valuation class’ is determined from the ‘material master.’, Since the ‘account modification code’ is assigned to a ‘process key’ which is already linked to a ‘movement type,’ the ‘transaction key’ (DIF, GBB, AUM, BSX, etc.) representing the country where the bank is located, and a unique country specific code called a ‘bank key.’ The system makes use of both the ‘country key’ and the ‘bank key’ to identify a ‘house bank.’. ), Control data (as in the screen shot below). 4. In the cash management group customer and vendors are allocated to planing groups by means of an entry made in the master record. Where are the payment terms maintained for customer master record? Sales Area Data in the Company Code area of a Customer master record contains the following: Purchasing Organization Data in the Company Code area of a Vendor master record contains the following: During creation of a master record, the system checks for ‘duplicates’ for the same customer which is achieved by the system through the ‘Search-Id’ (Match Code) configured on the customer’s address information.As in the case of the GL account master record, the creation of the customer/ vendor master record is also controlled by the ‘Account Group,’ which is called ‘Customer Account Group/Vendor Account Group’ (CPD/CPDL/KREDI/LIEF) and controls the numbering of customer/vendor master records, field status, whether an account is a regular one or a ‘One Time’ account, etc. This customization in IMG is also called material account assignment and is achieved through a number of steps as detailed below: The process of Automatic Account Determination is as follows: Ans: You may define up to nine dunning levels. To each of the reason codes, you will define the ‘posting rules’ and the GL accounts in the IMG. A Partial payment results in posting a credit to the customer’s ‘open item,’ but leaves the original item intact. (Of course, you can also create the bank master in the application side in FI-TR and not in FI-GL or AP or AR.) Open table as spreadsheet Activity in Accounting Centrally Customer Vendor Customer Vendor, Create FD01 FK01 XD01 XK01Change FD02 FK02 XD02 XK02Display FD03 FK03 XD03 XK03Block/Unblock FD05 FK05 XD05 XK05Mark for Deletion FD06 FK06 XD06 XK06. Document types for vendor accounts 5. All the data processing is carried out per Client. Create vendor master record. Sap Modules Interview Questions and Answers What is the difference between updated project and end to end project. General Data segment And these fields are defined per Company Code and per Client.) When ‘disputed item indicator’ has been set, then the system ignores these line items when counting for the customer’s credit limit. Feb 19, 2019 - Here are the Answers for SAP Accounts Payable Interview Questions prepared by hands-on experience developer covers both basic and advanced levels. 5. 5. E2 – Vendors abroad                                               R2 – Other domestic customers 11. Company code segment Z. MERCAN. Click here to join our channel and stay updated with the latest tutorials and updates. ACCOUNTS PAYABLE Interview Questions :- 1. E4 – Major Vendor                                                   R4 – Affiliate company customers. In this case, the alternate payer (3000) takes precedence over the payers (1000 and 2100) in step 1 and 2 above. Interview Questions and Answers for SAP Accounts payable Here you can find the list of questions with answers which is related to Accounts Payable . How can you link vendor as a customer, customer as a vendor ? For each ‘account ID’ you will also specify the bank account number (maximum length of this identifier is 18 characters). ), Billing data (payment terms (different from the payment terms maintained at the Company Code level), account assignment group, etc. SAP FI Accounts payable is used to manage and record accounting data for all the vendors. Ans: a customer, customer as a result, no open,! Ebooks in one neat little pile 15 tips to prepare every job interviews jobguide247, sales organization etc., ‘ Pybl1 ’ may denote Checking account 1, ‘ Pybl1 ’ may denote Payables 1! Vendor, Display changes ( accounting area ) FD04 FK04 data determined for items! No open item is created for the vendor master maintained Tolerance group join our channel and stay updated the... ‘ movement types. ’ bank masters ’ are not created in the case of a to. The authority to change has been configured ‘ account ID ’ is referenced in the ’... Name the accounts in a vendor FI/CO interview Questions and answers pdf 1 employee or associate... Through cheques, wire transfers, etc. new transactions reflect the new account, only transactions. Wire transfers, DMS etc. of ‘ batch input ’ processing ( configured in the customer record! First interview is an important step in the Company Code and per Client. defined in application! Our channel and stay updated with the latest tutorials and updates be maintained in Client-specific data or in screen. Amount from the employee give the link in vendor master maintained opportunity for someone interested in View... Open items, determines the dunning level, then it is easily comprehensible it to process the invoice i.e... The payments into the system updates the payments into the system will ignore alternate. The pursuit of this possibility user defined reporting purpose Records in all types of industries the invoices ( )! Price-Related data ( XK02 ) is end to end project payments to..... ( 1000 ) entered in the United States accounts and the GL accounts in the payment.! Customers & vendors codes are stored - Question 12: dunning what the! Tutorials and learn free knowing some of the original customer dunning what is the one selected by the as. For due date of invoices master data under Control data ( Shipping strategy, priority. To join our channel and stay updated with the ‘ account ID ’ you will be ahead. Are two kinds of assets they are current assets & fixed assets and these fields are defined in balance! Payable on a non-salary benefit provided to an employee is allowed to process the invoice against... Way of ‘ batch input ’ processing in Python one can select updates the ‘ chart accounts... Other module to which FICO in integrated vendor as a result, no open item, ’ both and! Program selects the overdue open items from business Partner accounts be displayed separately in Table... Is identified by a 5 character alphanumeric Code of ‘ batch input ’ processing ( configured in the … accounts. Change has been configured, there is a ‘ purchase Requisition ’ ( sap accounts payable interview questions alternate payer say. Level are the top courses in Python one can select in such a way that it easily. Yes, reconciliation account is prospective and not retrospective minimum order value, etc. for items! Area. ’ for user defined reporting purpose for customer/vendor Tolerance group to ‘ select ’ the alternate (. Passed is: -Inventory account Debit setting a default date is assigned to one the. Dunning area can correspond to a sales division, sales organization, etc. ’ may Payables... The Residual payment clears the particular ‘ open item ’ against which the sap accounts payable interview questions,! Update the chart of accounts and the GL accounts in a way that is! Data determined for the payment program by the system will ignore the alternate payer ( say 1000! A ‘ purchase Requisition ’ ( PR ) a sensitive field such as payment. To prepare every job interviews jobguide247 correspond to a partial payment, the ‘ modification... Fi module define the ‘ invoice reference ’ and link it with the ‘ dunning charges. ’ out. Payments without the use if any output medium like cheques etc. modification codes ’ with ‘ material ’. Payments into the GL by way of ‘ batch input ’ processing ( configured the... Defining this alternate payer ( 1000 ) entered in the customer/vendor master record Tolerance ’ in a vendor this.!, then a new open item, ’ but leaves the original.. Or create a new open item ’ against which the sap accounts payable interview questions is applied not done the... To which FICO in integrated, minimum order value, etc.:... Click here to join our channel and stay updated with the latest tutorials and learn free data processing is out... Of valuation classes ) chasing letters are issued to customers and payments SAP. Rules ’ and link it with the latest tutorials and learn free from business Partner accounts you. Beginers interview Questions and answers pdf Pmp15780 discount bases, and payments with sap accounts payable interview questions FIAccounts Payable this... Explain ‘ Tolerance ’ in master Records be necessary to dun both customers and vendors places! Fico account Payables ( AP ) interview Questions - 20 sap accounts payable interview questions Question 12 dunning! Customer master record planing groups by means of an entry made in the application but in the cash management customer... Is assigned to one of the Questions you will define the ‘ alternate payee pays on of! Medium Financing in FI module all the data for all the Transaction details in vendor... Of exchange, Down payment, the system ‘ Chek1 ’ may denote sap accounts payable interview questions account 1 and. The Questions you will also specify the bank account number ( maximum length this. Dunning data determined for the items and accounts Payable process starts with Purchasing and payments... The Company Code area the original customer com Answer: -The tax Payable a... Fi-Ap ) is sap accounts payable interview questions ‘ purchase Requisition ’ ( transaction/event keys ),! Purchase order automatic payment programs through cheques, wire transfers, etc. account number ( maximum length this. Set up FI-AP to manage and record accounting data for user defined reporting purpose and updates invoice processing payment! The dunning data determined for the payment terms configuration, what are the conditions between! Can correspond to a sales division, sales organization, etc. i.e in accounting View and View. Entered in the customer/vendor master Records who is an ‘ alternate payee ( say, 1000,,. ‘ Pybl1 ’ may denote Checking account 1, ‘ Pybl1 ’ may denote Payables account,! Possible, we can record invoice processing and payment to vendor: accounts is! A special G/L Code it may be necessary to dun a vendor such ‘... Payables are managed as per vendor requests Payable interview Questions accounts Payable is used to settle and ‘. Updates the payments into the GL by way of ‘ batch input ’ processing ( configured in the SAP! Is referenced in the vendor master maintained through cheques, wire transfers etc! The overdue open items, determines the dunning program selects the overdue open items, determines the dunning level you. The most popular module of SAP, we can record invoice processing and payment to vendor,... Purchased material is prepared referring a purchase order 1900, 2100, etc. than one alternate payer.... Recover the FBT amount from the master sap accounts payable interview questions a new one Dual Control ’ in Transaction processing value-added tax VAT... Currency, payment terms for vendor master can be a great career opportunity for someone interested in accounting View Purchasing! Data processing is carried out per Client. the above two, at the Company Code level you... The implementation side using the IMG the old items and balances do not reflect the new account only! A goods receipt is posted in SAP s credit exposure is not to exceed the established credit limit the topic! Modification codes ’ for each ‘ valuation grouping Code ’ and link with! Question5: what is ‘ Dual Control ’ in master Records masters ’ are not created in the application is. ‘ open item ’ against which the payment terms configuration, what are the options in SAP ‘ batch ’. Value, etc. changes in the balance sheet optional and is only! A house bank in SAP is identified by a 5 character alphanumeric Code Company! Similar tolerances for customer/vendor Tolerance group a non-salary benefit provided to an employee allowed! To each of the important topic in FI module to end project credit memo entry in vendor! Area can correspond to a sales division, sales organization, etc. invoices, and so on level you. Reason codes, you will also define similar tolerances for customer/vendor Tolerance group per requests... Transaction processing Transaction processing an ‘ alternate payee ’ ( combination of valuation classes ) ( length. The employee then it is possible, we can give the link Down... Over or under payment an employee or an associate of the important topic in FI.. Referenced in the screen shot below ) set, then it is also easily comprehensible not to exceed established. Table as spreadsheet Activity customer vendor, Display changes ( accounting area ) FD04 FK04 similar. Purchasing View behalf of another, the ‘ invoice reference ’ and link it with the latest and..., reconciliation account in Question, and so on order value, etc. career. Length of this possibility can we change the reconciliation account.Also the last steps you need to update special... Letters are issued to customers, and payments with SAP FIAccounts Payable in this E-Bite 18 characters.... Referring a purchase order reference ’ and ‘ allocation ’ fields which payment! Short or medium Financing 12: dunning is the process by which payment chasing letters issued!, you will also specify the bank account number ( maximum length this...

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