Payment Order Configuration

Payment order is  a Standard SAP tools used in payment process .. its firstly assign a payment order number against the open item paid with no payment entry generated then when processing bank reconciliation if the payment order appear in bank statement the system generates the payment entry and close the open item.. assignment of payment order number is preventing from duplicate payment.

The configuration steps is:

T-code: OT84

          - ( Create account symbols) Y12 “Payment Order”

Configuring Terms Of Payment

Configuring Terms of Payment

Terms of payment is used in SAP to determine the due date and discount calculation. Terms of payment is maintained in vendor master and customer master to default at invoice level however this can be changed at invoice level as well.

• For FI invoices payment terms is defaulted from “Accounting View” for customer and vendor. FB60/FB70
• For Purchasing invoices payment term is defaulted from “Purchasing View” in Purchase Order / MIRO Invoices
• For Customer Invoices from SD side the payment is defaulted from “Sales Data” view.

Vendor Aging Analysis Through SAP Report Painter

Report Painter is a very flexible reporting tool which can help the Functional Consultants to develop various reports without the help of ABAP. The advantages of the Report Painter are that defining report is very easy and flexible and you have control over the layout. The Rows and Columns are display in the definition the way they are in the report itself.
Common reports that most of the clients require are:

• Statement of Financial Positions
• Income Statements
• Cash Flow Statements
• Segmented Financial Statements
• Aging Analysis Reports
• Ratio Analysis

Deactivate tax codes

We create a new tax codes with revised rates and the old tax codes no longer useful for posting. But these tax codes will display in the input help while invoice posting through MIRO,FB60,F-43,FB70 etc. Due to this the users will get confused and also might chance to select the wrong tax code for posting. To over come these type of errors SAP has provided 2 SAP Notes i.e.2074351 & 2095960.

As per note 2074351, first we have to implement the note 2095960. After done this, we have to execute the report NOTE_2095960 as mentioned in the note 2074351. The screen shot of the report execution attached here:

Configuring CFOP on SAP

Now that you know what does CFOP means and what is used for, it is time to know how to configure the CFOP on SAP in 5 steps:

1 – Define CFOP Version

The first activity necessary is “DEFINE CFOP VERSIONS” and you can do that either maintaining the table/view J_1BCFOPVERV or via IMG path “Cross-Application Components > General Application Functions > Nota fiscal > CFOP Codes > Define CFOP Versions”.

Now a days it is not necessary to maintain the old CFOP length version anymore, then, enter the following data:

Version: 1
Description for CFOP Version: NEW CFOP 4 DIGITS
Redeterm: Considering your SAP installation is new, you don’t have the old CFOP format (replaced in 2003), then, it is not necessary to activate this check.
CFOP Lngth: 4 CFOP Length
Ext. Lngth: 0 No Extention
Text ID: AA (or anything such as: A, 01, etc)