What is the full cycle of both AP & AR?
Answers were Sorted based on User's Feedback
Answer / murali.t
accounts payable
purchase requisiton-purchase order-goods receipt-invoice
verification -payment to vendor
accounts receivable
sales order, delivery - billing document - posting to
account - payment from customer
Is This Answer Correct ? | 90 Yes | 5 No |
Answer / pratik pandey
1) When Purchase Order is created
====NO ENTRY====
2)When GR is Posted
Inventory a/c dr.
To GR/IR a/c
3)When Invoice is Posted
GR/IR a/c dr.
TO Vendor
4)Payment made to Vendor
Vendor a/c dr.
To Bank
1)When Sales Order Created
====NO ENTRY===
2)PGI Time
Cost Of Goods Sold a/c dr.
To Inventory a/c
3)Billing doc.released to accounting
Customer a/c dr.
To Sales Revenue
4)Payment Received
Bank a/c dr.
To Customer
Is This Answer Correct ? | 25 Yes | 3 No |
Answer / lakshmi
ap life cycle means procure to pay process its start with
purchase requistion
purchase oreder
goods reciept
invoice receipt
paymet to vendor.
ar life cycle start with
inquiry
qutation
saled order
delivey noet
goods issue
order invoice
debit/ credit memo(if need)
Is This Answer Correct ? | 14 Yes | 3 No |
Answer / tapan
hello murali
i have a doubt. if mm module is not implemented.so that time what will you do???
Is This Answer Correct ? | 3 Yes | 3 No |
Answer / shahrukh mehfooz
I have wrong posted entry in other vendor how to reverse it in sap
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rahiman shaik
Use T-code F.08 to reverse the document and repost to the correct vendor
Is This Answer Correct ? | 0 Yes | 0 No |
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