accounts receivable

E-invoicing in Germany: How to implement the obligation with SAP Business One

Dunning terms (SAP Business One)Accounts receivable accounting (also known as receivables accounting or current account accounting for customers) in SAP Business One comprises all processes for managing open accounts. requirements to customers - from invoicing to receipt of payment and Dunning.

1. master data

Business partner master data: Deposit of terms of payment, credit and Commitment limitsdunning terms, payment methods and bank details.
Reconciliation accounts: Receivables accounts that are automatically posted to the general ledger. These accounts are included in the balance sheet and are allocated to the customers.

2. sales process and receipts

A/R Invoices: Recording the receivable from the customer, posting to the customer account.
Outgoing credits: Correct claims, e.g. for returns.
incoming payments: Posting via Banking > Incoming payments; full payments close invoices, partial payments leave residual items.
Outgoing invoice with payment: Option for cash sales or walk-in customers to enter invoice and payment together.

3. dunning process

Integrated dunning system for monitoring outstanding receivables.
Definition and assignment of dunning conditions per customer.
Dunning runs with automatic posting of interest and fees.
Blocking options for customers in the dunning process.
Dunning process via Reminder history report comprehensible.

4. receipt of payment and bank processing

Payment can be made by cheque, bank transfer, credit card or cash.
Support through payment assistant for an overview of outstanding receivables.
Bank charges can be posted automatically.
Recording and offsetting of Payments on account (advance payments).

5. reports on accounts receivable accounting

Maturity report: Overview of outstanding receivables per customer.
G/L account and business partner report: Overview of accounts and customers with balances.
General ledger: Display of all postings with filter option for customer accounts.
Sum balance: Presentation of opening/closing balances, debits and credits.
Document and transaction journal: Detailed journal overview of all posting transactions.
Open items by business partner: Display of incompletely reconciled bookings.
Sales analysis: Analysis of sales by customer.

Versino Financial Suite

the Versino Financial Suite makes dunning and accounts receivable accounting in SAP Business One significantly more efficient: it automates processes, increases transparency, improves data quality and offers flexible analyses.