FICA Document

SAP Contract accounts receivables and payable is a sub ledger of Financial

Accounting that manages mass data. It is uses to process open items. A FICA goes
through different processing stage from being an open item to being a cleared item.
Each processing stage reviews which process can be handled in SAP FICA

Open items can be posted in invoicing, dunning, or returns processing.

Alternatively, open items can be posted manually in sub ledger accounting.
The usual form of document posting is posting from an invoice.
Items relevant for the general ledger are regularly compressed and
transferred to the general ledger.
Cleared documents that have expired can be archived.
Opened and cleared items can be displayed in the account display function.
The stages in which an FICA document can go through is as below

Invoi
ce

Not Due

Due

The processes which can be executed for a FICA document are:

Payment
Returns
Dunning
Interest Calculation
Deferral
Installment Plan
Doubtful Entry Individual Value Adjustment
Write off
Send to Collection Agency

Cleared