Collaborate on Sales Order Invoice for Logistics with Ease Using airSlate SignNow

Sales order invoice for Logistics

the next topic would be billing and invoicing and so there are three sub topics in billing and invoicing which are dealt with the first one being contracts accounts receivables and payables and then grid management and then the revenue recognition and advanced auto processing and billing so these are the three topics which are being reviewed in this section billing and invoicing now the contracts accounts receivables and payables it's it's a link between a sales processing in SCM and revenue recognition functionality and the the process is similar to sa P ERP and it supports the processes such as debit memo credit memo document in voiceless and invoices correction so there are fury apps which have been provided in ApS for Ana for V of zero one we have zero two zero three and we have zero for you know for these traditional transactions transaction codes and billing so we have the create billing document change billing document display billing document create multiple billing documents as fury apps replacing these transaction codes and we have another app which is manage billing documents so wherein you can search for the the billing document single search or multiple search or so and so you don't need to have a transaction code but you can use this particular app to view and manage these invoices so everything of management activity of the invoices can be done through this particular app an important type manage billing document app you also have the scheduled billing the creation app so this particular app with this particular app we can schedule the creation of billing document and view the status of scheduled runs you know that's possible with this particular app and apart from that management of the subscription billing that is your periodic or milestone billing or so and invoicing is handled as a part of s API press functionality and then the one point which is highlighted is while upgrading year to sa ps4 HANA it's important to check the solution installed in the system in sa P ERP either it is say P solution sales and billing 1.0 or s AP flexible solution billing 1.0 so the depending upon these solutions which have been installed and the necessary steps need to be taken into consideration so that's one point highlighted in this regard then one normal point which we all know is that you know before conversion all the Parkdale voices must be cancelled or posted to an active inverse package that that's how you handle the open invoices which are to be processed and one topic which has been mentioned is if convergent invoicing and sales and distribution integration was enabled so some of the database tables in sa ps4 HANA are changed so the the necessary report us to be run to identify any inconsistencies and avoid any errors so this was an important point for the conversion invoice sales and distribution integration functionality if it is applicable then next topic is on s AP 8 contracts accountable and payable is to support high-volume complex billing process that that's what has been highlighted to enable the integration with GL accounts cash management and credit management biller direct dispute management function funds management conversion to invoices and all these functionalities can be managed through s AP hi press the next topic would be s AP contracts accounts receivables and payables [Music] functionality which holds the document processing the tax posting open items management customer upon information customer correspondence traditionally have process activities these are all processed in the SLP contracts at once is a person table so that pretty much covers the contracts accounts receivable and payable functionality having the theory apps the traditional is replacing the traditional condition codes and then how the subscription billing and invoicing is 100 by CP hybrids and what to do during the conversions and what to do during if convert conversion invoicing was the integration in scope and what encompasses the functionality of contacts accounts and receivables payables and how they interact integrate with the other functional areas and how the high volume and complex mailing process are handled with a safety high press and and then finally the functionality covered in ACP contracts are constant receivables payables so these pretty much cover the contacts accounts receivables and payables functionality so now let's move to the credit management functionality briefly so in sa PS 400 management is part of financial supply chain management functionality monitoring the credit risk and exposure the business partner is assigned to a credit roll credit view of the customer is maintained using the t code UK m-v-p integration are directly with outside credit agencies and store records storing records as possible real-time credit decisions reducing the credit exposure is a functionality which is available the credit data include you know the credit limit payment terms and risk class as we see in the traditional erp so the financial supply chain management provides the ability to set up automatic customer credit limit reviews by using the real-time transactional data as well as integration with external credit agencies and the the automatic credit control rules include the data elements such as credit limit risk class credit segment to check a customer's credit and the credit can be checked at various stages as you as you configure you know from auto creation stage or order change stage delivery creation stage etc the the ones which are the customers who have favorable credit position can be checked probably at order creation for those who are not that credit credit favorable they need to be checked at multiple positions either it could be order creation or order change or delivery so to that extent the configurations can be maintained configuring credit horizon enables customers credit consumption by open orders open deliverables and unpaid invoices in the system so so positioning horizon enables the system to calculate the dates within which the documents and document volume that the total credit exposure can be taken into consideration as against the credit which is allowed for the for the customer and there are a lot many free apps which are available which can be used you know to monitor the credit processes display credit that display credit exposure manage credit sales manage document created decisions credit limit utilization a lot of these apps which can be used can be segmented the credit data can be segmented based on the region or business partner etc and the data is real-time in this case and last topic which is mentioned was custom code check is recommended when operate this say ps4 Hana so the code is either updated or converted should there be any custom code and there are a good number of transaction ports and the reports which are retired which need to be reviewed importantly at the same time s AP ERP transaction ports which were there before they have they have been replaced by s ApS for Hana [Music] transactions for example FD 32 is replaced by UK MP p VK m 1 is replaced by UK M M by D Sidious similarly VK m for so so lot lot of transaction codes made redundant in management so these need to be checked so that sa ps4 on our system is internalized well the next topic which is dealt in this functionality of billing and invoicing is revenue recognition and advance order processing and billing so basically the revenue ignition is the result of selling goods to the customer in exchange of payment either at the time of course issue during proof of delivery or during the billing activity for services based on services is based on agreed terms like percentage of completion or etc so that kind of setup so say P has released say P revenue accounting and reporting it's called rar functionality to align with International Accounting Standards Board IASB issuing the international financial reporting standards IFRS 15 to provide guidance regarding how to account for revenue from contracts with customers so starting from 1st Jan 2018 this came into force so so IFRS 15 is closely aligned with Accounting Standards codification and so this is ASC is called as accounting standard codification 66.6 is a culmination of the earlier discussed I ASP International Accounting standard bore and if AC SB is a financial accounting standard board together so these are the standards which are to be followed which are followed in what is AP is offering as I say P revenue accounts and reporting functionality so so what can you do in AR AR AR AR so if you take a small example of maybe a cell phone plus a monthly service contract so the so you allocate the transaction price to distinct items of a contract and combine items from multiple operational contracts so these are these are all possibilities which we are talking about so either you allocate the transaction price to distinct items of a contract or combine items from multiple operations contract combine items from multiple operation applications into a single revenue contract consolidating all those operational items or recognize revenue when a performance obligation is met or managed revenue data separately from parallel accounting purpose so these are all some possibilities which are enabled in AC ps4 HANA with the functionality of revenue recognition and at once tata processing and billing so it's a very enriched in which to billing a functionality in the form of revenue accounting and reporting and the the rar integrates with the say PRP pricing condition transfer deferred revenue recognition and advance payments posted in SA P general ledger so that that integration is available and and and ASAP rar replaces sa p RP revenue recognition so what we have as s AP rot in in sa ps4 HANA is the functionality which we are talking about so which means that s AP ERP has the revenue recognition but say P Roth replaces the say P ERP revenue recognition and if this functionality in sa p RP revenue recognition then the conversion need to be taken into consideration requires all sales contracts to be closed in old system and migrated to the new system so si be about he's a part of say ps4 Hana and and it's very much integral part of it so this this concludes the billing and invoicing functionality which has been dealt in this in this book review for sales processing we discussed contracts accounts receivables and payables topic and then we went on to discuss the credit management functionality and then we touched upon the revenue recognition and at one start of crossing and billing the next session we talked about another topic thanks for your time