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What is P2P cycle.

Answer Posted / dayakar

1.Requisition
2.Request for quotation
3.Quote analysis
4.Create a purchase order using copy document feature which is a one way to create purchase order(receipt routing method and matching options)
5.Note down purchase order number for future use
6.Receipts
7.Invoice(generates automatically or manually)
8.Payments(bank reconciliation)
9.Transfer to general ledger
10.Verify journal entries in general ledger

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