How to use FP03 - Process Collection Items

SAP Transaction Code - Details

• Transaction Code: FP03

  Description: Process Collection Items

  Release: S/4HANA and ECC 6

• • Program: SAPLFKA6

    Screen: 200

    Authorization Object:

  • Development Package: FKK_COLL_AGENCY

    Package Description: FI-CA: Collection Agencies

    Parent Package: FI-CA

  • Module/Component: FI-CA

    Description: Contract Accounts Receivable and Payable

Smart SAP Assistant

• SAP Tcode: FP03 - Process Collection Items

  
  Overview:
  FP03 is a transaction code used in SAP to process collection items. It is used to manage the collection of receivables from customers. This transaction code allows users to view, create, and change collection items. It also allows users to process the collection items and post them to the general ledger. 
  
  Functionality: 
  The FP03 transaction code enables users to view, create, and change collection items. It also allows users to process the collection items and post them to the general ledger. The transaction code also provides a list of open items that can be processed. Additionally, it allows users to view the status of the collection items and post them to the general ledger. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code FP03 in the command field. 
  2. Select the “Create” option from the menu bar. 
  3. Enter the customer number and select “Continue”. 
  4. Enter the details of the collection item such as amount, currency, due date, etc. 
  5. Select “Save” to save the changes made. 
  6. Select “Process” from the menu bar to process the collection item and post it to the general ledger. 
  7. Select “Post” from the menu bar to post the collection item to the general ledger. 
  8. Select “Exit” from the menu bar to exit from this transaction code. 
  
  Other Recommendations: 
  It is recommended that users familiarize themselves with all of the features available in this transaction code before using it for processing collection items. Additionally, users should ensure that all of the information entered is accurate before processing and posting collection items to avoid any errors or discrepancies in their financial records.