Posted by: DOCSERVE | September 15, 2011

SAP Accounts Payable Manual

The Accounts Payable application component records and administers accounting data for all vendors. It is also an integral part of the purchasing system, where deliveries and invoices are managed according to vendors. The system automatically makes postings in response to the operative transactions. In the same way, the system supplies the Cash Management application component with figures from invoices in order to optimize liquidity planning.

Payables are paid with the payment program. The payment program supports all standard payment methods (such as checks and transfers) in printed form as well as in electronic form (data medium exchange on disk and electronic data interchange). This program also covers country-specific payment methods.

If necessary, dunning notices can be created for outstanding receivables (for example, to receive payment for a credit memo). The dunning program supports this function.

Postings made in Accounts Payable are simultaneously recorded in the General Ledger where different G/L accounts are updated based on the transaction involved (such as payables and down payments). The system contains due date forecasts and other standard reports that you can use to help you monitor open items.

You can configure balance confirmations, account statements, and other notifications to suit your correspondence requirements. There are balance lists, journals, balance audit trails and other evaluations available for documenting transactions in Accounts Payable.




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