What is receivable type in SAP FS-AM - Account Management?

SAP Term: receivable type

• Component: FS-AM

• Component Name: Account Management

• Description: A classification of the receivables generated for a loan contract. The receivable type represents the purpose for which the corresponding billing items were created, such as charge, interest, installment etc.

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• Key Concepts: 
  Receivable type is a feature of the FS-AM Account Management component of SAP. It is used to classify receivables into different categories, such as customer receivables, vendor receivables, and other types of receivables. This classification helps to better manage and track receivables. 
  
  How to use it: 
  In order to use the receivable type feature, you must first create a receivable type in the system. This can be done by navigating to the FS-AM Account Management component and selecting the “Create Receivable Type” option. Once the receivable type has been created, it can be assigned to a specific customer or vendor. This will allow you to track and manage their receivables more effectively. 
  
  Tips & Tricks: 
  When creating a new receivable type, it is important to ensure that it is properly categorized and labeled so that it can be easily identified in the system. Additionally, it is important to ensure that all relevant information is included when creating a new receivable type, such as payment terms and due dates. 
  
  Related Information: 
  For more information on the FS-AM Account Management component of SAP, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature.