Accounts Receivable (FI-AR)
Accounts Receivable (FI-AR) Accounts Receivable (FI-AR) is a component of the SAP Financial Accounting (FI) module that focuses on managing all aspects of an organization's customer invoices and receipts. It handles the financial transactions and processes related to the organization's receivables from customers. Key features and functionalities of the Accounts Receivable (FI-AR) module include: 1. Customer Master Data Management: FI-AR allows the creation and maintenance of customer master data, which includes information about customers such as names, addresses, payment terms, and credit limits. This data is used for accurate processing and recording of customer transactions. 2. Invoice Generation: The module provides functionalities for generating customer invoices. It includes features for creating and customizing invoice layouts, adding line items, applying pricing conditions, and including relevant tax information. 3. Credit Management: FI-AR supports credit management