FICA and FIAR What is the Difference PRESENTED

FI-CA and FI-AR What is the Difference ? PRESENTED BY Jeremiah Chibvuri SAP ISU-FICA; FI; REFX Consultant 26 November 2010

Introduction Tracking Multiple Receivables Functionalities Conclusion Questions

Introduction q Account Receivable (FI-AR) and Contract Account Receivable (FI-CA) tracks accounts receivable transactions q. SAP FI delivers the standard FI-AR module to track accounts receivables q. Complexity of requirements and increase in volume of data lead to the development of FI-CA q. FI-CA was developed to deal with q. A large number of different customers q. Different types of receivables

Tracking Multiple Receivables In FI-AR a customer can only be linked to one receivable account q q Impossible to trace different receivable for one customer in different account. q Create multiple customers with different receivables q In contrast, FI-CA has multiple level master data q. The highest is Business Partner, equivalent to a customer in FI-AR A Contract Account is created for each Receivable for a singular Business Partner Contract Object Distinguish Receivables within a CA

FUNCTIONALITIES Both FI-AR and FI-CA supports the following functionalities q. Account debit payments q. Credit Processing q. Electronic Bank Statement (EBS) q. Interest Calculation q. Dunning

FUNCTIONALITIES The following functionalities are limited only to FI-CA: § Installment Plans §Collection Agencies §Cash desk Payments (with credit cards and postal orders) § Security deposits ( both cash and Non-cash)

CONCLUSION q FI-CA incorporates more accounts receivable function than just processing invoice and maintaining master date. q. These functions are needed if you deal with a large customer base and high volume of invoice and payments. q This is the case with: q Utilities q. Insurance q. Telecommunication q. Public Sector q Media

QUESTIONS sapwithjerry@gmail. com chibvurijera@gmail. com +263773 229 231