Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

SAP Exam C_S4CFI_2504 Topic 9 Question 6 Discussion

Actual exam question for SAP's C_S4CFI_2504 exam
Question #: 6
Topic #: 9
[All C_S4CFI_2504 Questions]

When processing payments, what are possible functions of reason codes?

Note: There are 3 correct answers to this question.

Show Suggested Answer Hide Answer
Suggested Answer: B, C, D

Comprehensive and Detailed in Depth Explanation:

Reason codes in SAP S/4HANA Cloud Financial Accounting are used to handle payment differences and automate related processes.

B: Correct. Reason codes can trigger automatic posting of residual items to predefined G/L accounts (e.g., write-off accounts).

C: Correct. They control the G/L account assignment for residuals, ensuring accurate financial reporting.

D: Correct. Reason codes can influence the type of payment notice (e.g., partial payment notification) sent to customers.

A: Incorrect. Sales orders are unrelated to payment processing reason codes.

E: Incorrect. Payment reminders are part of dunning, not directly tied to reason codes.


Contribute your Thoughts:

Christene
3 months ago
Haha, I love how we're all just focused on the accounting side of this. What, no one's going to mention that you can actually use reason codes to generate payment reminders? E is a hidden gem!
upvoted 0 times
Raul
1 months ago
Haha, I love how we're all just focused on the accounting side of this. What, no one's going to mention that you can actually use reason codes to generate payment reminders? E is a hidden gem!
upvoted 0 times
...
Graham
1 months ago
True, those are important functions too.
upvoted 0 times
...
Osvaldo
1 months ago
D) Control of the type of payment notice sent to a customer
upvoted 0 times
...
Chana
1 months ago
C) Control of the account where a residual item is posted
upvoted 0 times
...
Margarita
1 months ago
Yeah, E is definitely useful for reminding customers.
upvoted 0 times
...
Rodney
2 months ago
E) Generate payment reminder
upvoted 0 times
...
Thea
2 months ago
B) Automatic posting of a residual item to a specific G/L account
upvoted 0 times
...
Diego
2 months ago
A) Create a sales order
upvoted 0 times
...
...
Alishia
3 months ago
For me, the key thing is being able to automatically post residual items. B and C are the way to go. Who wants to do that manually? Not this guy!
upvoted 0 times
Yuki
2 months ago
I think B and C are the most important functions of reason codes when processing payments.
upvoted 0 times
...
Harrison
3 months ago
Definitely, having control over where the residual item is posted is important too.
upvoted 0 times
...
Goldie
3 months ago
I agree, automating the posting of residual items is a huge time-saver.
upvoted 0 times
...
...
Emelda
3 months ago
I believe reason codes are important for controlling the type of payment notice sent to a customer.
upvoted 0 times
...
Noah
3 months ago
I agree with you, Mammie. Reason codes also help in automatic posting of a residual item to a specific G/L account.
upvoted 0 times
...
Blondell
3 months ago
Yeah, I agree with Glenn. Reason codes are all about managing the accounting side of payments. Posting to the right GL account and controlling the payment notice - that's what it's all about.
upvoted 0 times
Salome
2 months ago
C) Control of the account where a residual item is posted
upvoted 0 times
...
Mayra
2 months ago
B) Automatic posting of a residual item to a specific G/L account
upvoted 0 times
...
Zona
3 months ago
A) Create a sales order
upvoted 0 times
...
...
Mammie
3 months ago
I think reason codes help in controlling the account where a residual item is posted.
upvoted 0 times
...
Glenn
4 months ago
Reason codes are definitely for controlling where residual items are posted, that's a must-have feature for any payment processing system. Options B and C are the clear winners here.
upvoted 0 times
Kindra
2 months ago
That's a good point, option E can be really helpful for keeping track of outstanding payments.
upvoted 0 times
...
Jaime
2 months ago
True, but don't forget that reason codes can also help generate payment reminders.
upvoted 0 times
...
Joaquin
2 months ago
I think option D is also important for customizing payment notices sent to customers.
upvoted 0 times
...
Willow
2 months ago
I agree, options B and C are crucial for controlling residual item postings.
upvoted 0 times
...
Malcom
2 months ago
That's a good point, option E can be really helpful for keeping track of outstanding payments.
upvoted 0 times
...
Garry
2 months ago
True, but don't forget that reason codes can also help generate payment reminders.
upvoted 0 times
...
Latrice
3 months ago
I think option D is also important for customizing payment notices sent to customers.
upvoted 0 times
...
Catarina
3 months ago
I agree, options B and C are crucial for controlling residual item postings.
upvoted 0 times
...
...

Save Cancel