C_TS4FI_2023 · Accounts Payable & Receivable · ~15% of exam
AP / AR
Vendor and customer master data, invoice processing, payment runs, and dunning — covering all AP/AR topics tested in C_TS4FI_2023.
Key Concepts
Vendor/Customer Master
Three levels: General data (cross-client), Company code data (accounting), Purchasing/Sales data (logistics). Each level controlled separately.
Reconciliation Account
A GL account that receives automatic postings from subledger (AP/AR/AA). Cannot be posted to directly. Links subledger balance to GL balance in real time.
Payment Terms
Define due dates and optional cash discount periods. Assigned to vendor/customer master. Can be overridden at invoice level.
Payment Method
Defines how payment is made (check, bank transfer, SEPA). Configured in FBZP. Must be in both company code config and vendor master to be used in automatic payment run.
Dunning Procedure
Controls automated reminder letters for overdue customer items. Levels (1–9) define the escalation. Dunning area can separate dunning by business area or company code.
GR/IR Clearing Account
Interim account used when goods receipt and invoice receipt happen at different times. WRX transaction key in MM. Must be cleared periodically.
Credit Management
Controls customer credit limits. Credit check can block sales orders or delivery. Managed via credit control area (can span multiple company codes).
Transaction Codes (T-Codes)
| T-Code | Description |
|---|---|
| FK01 / FD01 | Create vendor / customer master |
| FB60 / FB70 | Post vendor invoice / customer invoice |
| F110 | Automatic payment run |
| F150 | Dunning run |
| FBL1N / FBL5N | Vendor / customer line item report |
| FBZP | Configure payment methods (house banks, payment methods) |
Key Rules to Remember
AP/AR subledger balances always equal the corresponding reconciliation account in GL
One house bank can have multiple bank accounts (different currencies, purposes)
Payment block 'A' = blocked for payment (set manually or by dunning)
Customer credit control area can be different from company code — 1 credit control area can cover multiple company codes
Config Paths (SPRO)
SPRO → Financial Accounting → Accounts Receivable & Payable → Vendor Accounts / Customer Accounts → Master Data
SPRO → Financial Accounting → Accounts Receivable & Payable → Business Transactions → Outgoing Payments → Automatic Outgoing Payments
SPRO → Financial Accounting → Accounts Receivable & Payable → Business Transactions → Dunning
Exam Traps — Common Mistakes
Reconciliation accounts are assigned in the company code segment of vendor/customer master — not in the general segment.
Payment method must be configured at company code level AND entered in the vendor master for F110 to select it.
Dunning levels are numbered — a higher level means more overdue. The dunning interest and dunning notice text increase by level.
The payment run F110 has a fixed sequence: enter parameters → proposal run → edit proposal → payment run → print forms. You cannot skip steps.