What is accounts receivable transfer in SAP FI-AR - Accounts Receivable?

SAP Term: accounts receivable transfer

• Component: FI-AR

• Component Name: Accounts Receivable

• Description: A commercial practice in Chile whereby a company transfers its collection rights to a third party for example, a bank, which allows the company to have immediate cash flow. The implementation of this business transaction depends on the commercial agreement between the parties, for example, it can be implemented as factoring, when the accounts receivable is sold, or the accounts receivable can be pledged as a collateral.

Smart SAP Assistant

• Key Concepts: 
  Accounts receivable transfer is a component of the SAP Financial Accounting (FI-AR) module. It allows companies to transfer open items from one customer account to another. This process is used when a customer has multiple accounts and needs to consolidate them into one account. 
  
  How to use it: 
  To use the accounts receivable transfer component, the user must first select the customer accounts that need to be consolidated. The user then selects the open items that need to be transferred from one account to another. The user can also specify the date range for the transfer. Once all of the information is entered, the user can execute the transfer. 
  
  Tips & Tricks: 
  When transferring open items, it is important to double-check that all of the information is correct before executing the transfer. This will ensure that all of the open items are transferred correctly and that no data is lost in the process. 
  
  Related Information: 
  The accounts receivable transfer component is part of the SAP Financial Accounting (FI-AR) module. Other components of this module include Accounts Receivable Management, Accounts Payable Management, and Cash Management.