What is the reason behind reclassifying payables &
receivables as FI month end activity?
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Answer Posted / david y
you can also call it regrouping, there is a key in sap
indicating that, find out yourself. the reason is because
of management needs and auditting needs generally.
someone owns your money, do you need to know how much and
how long? definitely yes! if it is too long or saying 100
years, can you still keep the records? no, impossible. so
we need to eleminate it. that is bad debt. Clearly, this is
the importance to do the regrouping.
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