Credit control in SAP FI
Credit control area is an organisation entity which grant and monitor a credit limit for customer .A credit control area can include one or more company code.It help to minimize the credit risk by defining credit limit to customer so bad debts can be minimize.Credit control to one company code can be assign therefore we cannot define multiple credit control to one company code.
- For each credit control area, enter a key, a name, and the currency in which the credit limit is to be managed in the credit control area.
- Credit control is a four-character alphanumeric key.
- Each company code corresponds to one credit control area. we recommend that you use the same key for the credit control area as for the company code
How to define a Credit Control area for a customer in SAP FI?
Define credit control > OB45
SPRO>SAP Reference IMG>Enterprise structure>Definition>Financial Accounting >Define credit control area
GO to new Entries
: Type SPRO
Step 2 :
Select SAP reference IMG
select IMG menu path
In the next screen select new entries
Update the data
Save the data
A transaction code appears
Assigning Company code to credit control in SAP FI
After creating credit control next step is to assigning company code to credit control
Steps in Assigning company code ot credit control
IMG menu path
SPRO>Implementation guide >enterprise guide >Assignment >Financial Accounting >Assign company code to credit control area
Enter T code SPRO
Click sap reference IMG
On the next step on the position item update the company code and press enter.
Update company code
click on save