Accounts Receivable (FI-AR) 

Use

The Accounts Receivable (FI-AR) component covers the most important laws and business practices specific to Brazil. The following documentation describes these aspects of the component. For generic information about FI-AR, see Accounts Receivable and Accounts Payable: Overview.

Features

The system automatically creates open items from notas fiscais generated in the sales processes. You then have several options for collecting your receivables; the system enables you to:

·        Automatically generate and process duplicatas in local currency, including those related to installments or credit memos

·        Issue and process your own boletos, or arrange for your bank to issue them

·        Send DME files to banks in the most widely used bank file formats, and automatically process collection information returned by the bank via electronic account statement functions

·        Process vendor operation financing

In addition, the customer master record has been enhanced to cover Brazilian needs.