In Accounts Receivable components we can assign G/L Accounts for many transactions. Today we will discuss about following:

• Accounts for Cash Discount Granted
• Accounts for Exchange Rate Differences
• Accounts for Bank Charges

Payment term is a part of accounts receivable component that helps you keep track of your receivables more effectively.

They play a vital role in identifying the exact receivable amounts as on a particular date

The term field status appears in many configurations. In case of Accounts receivable it works for the customer master data.

Account Group in Accounts Receivable component of Finance Module plays important role as far as Customer Masters are concerned.

The Accounts Receivable application component records and manages accounting data of all customers.