How to use FQZ26 - Define Collection Agencies

SAP Transaction Code - Details

• Transaction Code: FQZ26

  Description: Define Collection Agencies

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: FKKB

    Package Description: Contract A/R & A/P: Central Objects

    Parent Package: FI-CA

  • Module/Component: FI-CA

    Description: Contract Accounts Receivable and Payable

Smart SAP Assistant

• SAP Tcode: FQZ26 - Define Collection Agencies

  
  Overview:
  FQZ26 is a transaction code used in SAP to define collection agencies. It is used to set up and maintain the list of collection agencies that are used by a company to collect payments from customers. This transaction code is part of the Financial Accounting module. 
  
  Functionality: 
  The FQZ26 transaction code allows users to define collection agencies in SAP. This includes setting up the agency name, address, contact information, and other relevant details. The transaction code also allows users to assign a payment method to each agency, such as direct debit or credit card. Additionally, users can assign a payment term to each agency, which determines when payments are due and how long customers have to pay. 
  
  Step-by-step How to Use: 
  1. Enter the FQZ26 transaction code in the command field. 
  2. Enter the name of the collection agency you want to define. 
  3. Enter the address and contact information for the agency. 
  4. Assign a payment method and payment term for the agency. 
  5. Save your changes. 
  
  Other Recommendations: 
  It is important to ensure that all collection agencies are properly defined in SAP before attempting to use them for collecting payments from customers. This will ensure that all payments are processed correctly and on time. Additionally, it is important to regularly review and update the list of collection agencies in SAP as needed.