SAP FICA end to end Return Config. and end user activity

 FICA Return:

In meter to cash process, once you receive an invoice. You have to pay your service invoice bill. Based on the payment term, it determines the due date. You have to pay your bill on or before the due date. Suppose you are paying through direct debit or different payment method. Bank will collect money from the customer's bank account. 

Let’s say if you don’t have sufficient balance to clear the invoice amount then bank will send a file and the utility company will execute return lot and they impose some return charges. 

Return: Return job will execute if there are dishonor payment or false payment or insufficient balance, all these occurs when you don’t have enough funds in your bank account to make payment.

There are customer payment that have been returned from bank for various reason, such as:

1. Insufficient balance

2. Incorrect bank account number

3. Expired/Closed account

Return are processed in return lots. A return Lot is a group of returned items processed together through batch job. Each return item would have return reason and return fee.

Type of Return:

A. Automatic return processing

B. Manual Return Processing

Clarification of Returns:

Payment return that cannot be posted to a BPs account are automatically routed to a clarification list for manual correction.

TCODE of clarifications: FPCRL

For Return TCODE : FP09

Getting Error

We have not yet configure return lot, that is why we are not able to open return lot transaction.

So let’s start our configuration:

Step 1: Define return reason

Path🡪

SPRO— FINNENCIAL ACCOUNTING NEW--CONTRACT ACCOUNT RECEIVABLE AND PAYBLE—BUSISNESS TRANSECTION---RETURN

Enter new entry:

Here we need house bank, For that we need to check what are house bank available for our company code.

TCODE:FI12

Here I’m taking house bank as: ING1

History: This return will stay for 90 days

Credit worthiness no: 30, Lower the cred worthiness good the customer is.

Step2: Assigned to our company code

Deferral days: 7 day it will increase the due date

I’m going to add 1 more return for deleting incoming payment method

Step 3: Now go for return activities: New entry

Now we shall add return charge:

Step 4 : Assigned with house bank and return reason

Our return reason was: 002

Step 5: Define Bank clearing account for return lot

Here we have check the box.

Step 6: Define clarification account for return lot

Here we need a clarification GL account for return

We need to create a GL account for return, G/L account we have create at 2 levels.

 

1. At Chart of account level: TCODE: FSP0

At company code Level: TCODE: FS00

Now go back to config. node and assigned GL account with company code

Step 7: Define Main and Sub for return

Assign main and sub:

Step 8: Determine document type and clearing reason

Step 9: Now we need GL account determination, Also need to assign main and sub with our company code

If you go to ISU transaction under documents node:

There we can extend main and sub with our company code.

Step 8: Now we need to main transaction account determination

TCODE: EK01

Step 9: Sub-transaction account determination 

TCODE: EK02

Now all set up for Return:

To create a return lot we need to go to TCODE: FP09

Enter return lot:

Enter new item:

We need documents number

Go-to FPL9:

Enter Contract account:

Payment document 10000058 is cleared 36 document number:

So we can use this payment document.

Go back to return lot:

Enter document number:

Same as payment lot first we need to Close and post :

Getting error:

Open posting area 1091:

TCODE: FQC0

Again Let’s try to re-post return lot:

It got successful:

Now Go back to FPL9 and check the document:

Here document number 36 reopen and return charge posted Rs200 in account.

This is the new accounting entry:

Return charges: BP/CA Debit and Revenue credit and Return: BP/CA Debit and Bank account debit