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Hi
While there are three methods in SAP to achieve the purpose, we will discuss
the easiest one.
SAPF107V is a program that isolates overdue receivables , works back the
pre-tax revenue and computes the quantum of estimated doubtful debts and
makes an accounting entry debiting a loss account and crediting a balance
sheet adjustment account to net sundry debtors without disturbing the
reconciliation account. The entry is also automatically reversed on the next
day since this program is used for reporting purposes during closing.
Steps needed to execute the program:
Define a two character value adjustment key and define the number of days
beyond which an unclollected amount can be considered as overdue. Also
assign a valuation area.
Assign this value adjustment key to all your customer master records.
Do account determination relating to the IVA loss account and the balance
sheet adjustment account after defining the necessary G L Master records.
Run Program SAPF107V during closing and voila.... you are done with.
Impact: Sundry Debtors are reported realistically in closing financial
statements ( but reversed on the next date ) During closing the estimated
loss is also accounted in the Profit and Loss Account.
Regards
VidhyaDhar
Regards
VidhyaDhar
| | | ---------------Original Message---------------
From: dipanpatel
Sent: Thursday, February 17, 2011 11:43 PM
Subject: Bad debt provision proposal
Hi All,
This is in regards to creating a proposal for Bad Debt. The requirement is that any overdue receivable more than 90 days, should be shown on the proposal. The provision will be done manually.
Can we use F103 to create the proposal? |
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