What are the mandatory setups in AP?
Answers were Sorted based on User's Feedback
Answer / kranthioracle
there are nearly 7 to 8 setups which are mandatory
financial options ---- where we define the mandatory
accounts 1. liability
2. discount taken
3. prepayment
if u r not using INVENTORY OR IF THE OR IS NOT HAVING MULTI
ORG STRUCTURE THIS IS OPTIONAL
payables option,
supplier & bank.
control payables periods.
bank format.
payment terms
distrubution are also optional u can carry work with out
defining.
| Is This Answer Correct ? | 13 Yes | 3 No |
Answer / latha ummalaneni
Suppliers
Payment terms
Banks.
Distribution sets
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / egyprogramer
1- Financial Options
2- Define Suppliers
3- Define Payment Terms
4- Define Payment Methods
5- Define Banks and Banks Accounts And Banks Accounts
Documents
6- Open AP Accounts Periods
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / mm
There are several mandatary steps in AP
1. Set up Payables Options
2. Bank
3. Supplier (Site level information)
4. Open payables Period
5. Payment Terms
6. Payment Method
7. Distribuation Set
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / jagadish
Financial option
payable option
supplier,supplier site
payament terms
distribution types
bank account,
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / kompalli
There are several mandatary steps in AP
1. Set up Payables Options
2. Bank
3. Supplier (Site level information)
4. Open payables Period
5. Payment Terms
6. Payment Method
7. Distribuation Set
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / gangavarapu srinivasa rao
The Mandatory Setups are:-
1). Payable Option.
2). Financial Option.
3). Bank And Bank Branches.
4). Open the Periods.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / nmkr
There are several mandatary steps in AP
1. Set up Payables Options
2. Bank
3. Supplier (Site level information)
4. Open payables Period
5. Payment Terms
6. Payment Method
7. Distribuation Set
| Is This Answer Correct ? | 0 Yes | 1 No |
where should liability account define in account payable what are the steps for payment process
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