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To implement AP from scratch-what is the process?
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Answer Posted / prasad
Basic Set Up
1. Primary Ledger - Setup in General Ledger
2. Business Group - Setup in Human Resources
3. Operating Unit - Setup in Human Resources
4. Inventory Org. - Setup in Human Resources
AP
Financial Options
Payable Options
Payment Terms
Payment Process Profile
Creation of Bank Account
EFT/WIRE - Format/ Server Setup Required
Open Period
Trial Balance Upload (GL)
Supplier Creation (Intergration from Legacy)
Open Supplier Invoice Upload
SysAdmin
Define/Assign- Document Sequence
User Access Grant Roles - Menu/Reports
****AP is ready for use****
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HI, once we create the standard invoice then we can get journal entry item expense a/c-dr to liability a.c then item it will reflect through inventory, but liability a/c . it will reflect from GL , it is possible .
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I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.
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