waht the step to be performed for configuration of bad debt anf provision for bad debt .also required entry from end user point
Vinoth
(Assistant Manager Finance)
(166 Points)
Replied 16 May 2013
Dear Rahul,
Follow the following steps.
1. Create provision for bad & doubtful debts.
2. Get approval from board/manager
3. Transfer to bad debts from provision.
4. Clear the debtors balance.
if you like to have entries, just mail me vinodkumar2001 @ msn.com .
Regards
Vinothkumar.CMA
Sheli Sehrawat
(SAP Business Consultant)
(767 Points)
Replied 21 May 2013
Hi,
The procedure for Bad debt configuration:-
Define Methods: SPRO / Financial Accounting / Accounts Receivables & Payables / Business transactions / Closing / Valuate / Reserve for bad debts
- OB04
- Double click define methods
- Select New entries button
Save
Creation of Bad Debts Account: FS00
Co.code: XXXX
- Select with template button G/L A/c:XXXXXX Co.Code : XXXX
Account group: Administration
- Select P & L Radio button
Short text: Bad debts Long text: Bad debts
- Select control tab button Current currency: INR
- Select only local currency check box
- Select line item check box, Sort key:001 Field status variant: G001
- Save
Define Accounts for Reserve & Bad Debts:
- OBXD
SPRO / Financial Accounting / Accounts Receivables & Payables / Business transactions / Closing / Valuate / Define Accounts for Reserve & Bad debts
Chart of Accounts: XXXX
PROVISION METHOD DEBIT CREDIT
XXX XXXXXX XXX XXX
Select rules tab button Accounts are determined based on
- Select Debit/Credit check box 40/50
- Select provision method check box
- Save
Special G/L Account:
- FBKP
Double click Special G/L
Account Type Special G/L Special G/L Indicator
D E Reserve Reserve for Bad debts
Double click Reserve
Chart of Accounts
Account Assignment
Reconciliation A/c:XXXXXX (SD) Spl.G/L-XXXXXX Save
Accounting / Financial Accounting / Accounts Receivable / Periodic processing / Closing / Value / Receivable transfer posting (Gross)
Customer A/c:XXXXXX Provision method: XXXX
Special G/L Indicator for Debit Rec: E (Reserve for bad debts)
- Select create batch input session check box
- Batch input session name: SAPF103
- Posting Key:09 Posting document: DA
- F8
From the menu Select -> System -> Batch Input -> Session
- Select batch input session: SAPF103 Select process
- Select display errors only V
- Select process button
- Exit Batch input
Reference: scn.sap.com
Thanks
Sheli
CAclubindia
