What are the steps and the process from the start till the final report for an internal account payable audit program?

What is the difference between Recurring Journals and Recurring Invoices? What is the need for the Recurring Journals in GL when Recurring invoices exist in AP?

How to explain mortgage account summary,online pay ,loan pay off in interview

To avoid a recurrence, the Payroll Manager, Mary Arnstein, has asked you to prepare a summary of the CPP reporting requirements on T4 information slips. The summary will be used to validate the current payroll setup to ensure that the T4s will be completed properly in future. Provide information on the CPP related boxes that must be completed, including how any amounts are calculated, for employees...

Who creates and determines the vendor codes, to which the invoices are processed to, in the SAP?
What are the scenarios, where we need buyer intervention or approval is required to edit or delete the vendor code
Scenarios where vendor code is marked for deletion? If invoice processed to these types of codes, the invoice gets posted but the payment will not release right?

At the time of invoice processing, for some payment terms like V terms, we manually enter baseline date like adding 10 days to the invoice date, scan date of the invoice e.t.c while for the other terms like N, the system automatically pulls 10+ date of the invoice or scan date.

What is the role or purpose of this base line date? Does it helps in attaining the Net Due date?

I have usually come across the payment terms like N30, N90, V30, V60, V90 SPEC and SPET
N starts for Net.
V ?
and I have seen the terms on the PO screen as well as on Vendor screen i.e FK03, who determines and enters. for PO and Vendor data.
I have come across vendors complaining that the payments terms that they have selected

Cody2727

 Profile Answers by Cody2727 Questions by Cody2727

• May 8th, 2011

Coding for service contracts depends on the contract.  Most maintenance contracts use the app as 150 and the RA as 300.

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Sarvottam Darshan

• Feb 22nd, 2006

SAP Memory: Global, user-related memory that extends beyond transaction limits.Access to the SAP memory is via SPA/GPA parameters.ABAP Memory:Memory area within each main session, which can be accesse...

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Sarvottam Darshan

• Feb 21st, 2006

Winter compensation from contributions

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durga

• Apr 12th, 2006

The tax payable on a non-salary benefit provided to an employee or an associate of the employee. The employer is liable to pay any FBT and may choose to recover the FBT amount from the employee.

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kotireddy

 Profile Answers by kotireddy Questions by kotireddy

• Jul 22nd, 2006

 NAVIGATION IS A DIRECTION OF SPECIFIED PATH NAME.

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Roj

• Oct 11th, 2006

Consolidation is the period-end process of combining the financial results of separate subsidiaries with the parent company to form a single combined statement of financial results.

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Distinguish between allocation and Apportionments of Expenses

PaulaH

• Jul 14th, 2011

The term allocation of expenses is used to refer to the assignment of expenses between more than one cost center.

Apportionment of expenses is used to refer to the proportion of expenses allocated to each cost center.

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Rohit AGARWAL

 Profile Answers by Rohit AGARWAL Questions by Rohit AGARWAL

• Oct 10th, 2010

Weighted Average Cost Method

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How do you resolve a Invoice discrepancy that you discover

Lokesh M

 Profile Answers by Lokesh M Questions by Lokesh M

• Feb 11th, 2012

Send a debit note/memo to vendor
Ask the vendor to send credit note/memo for the discrepancies caused.

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Milind

• Mar 13th, 2007

First you create new tax name i.e. Freght Charges, Handling Charges, Tax Rates created these tax name & attached these tax name while creating PO. Means PO will generate with Basic + Tax + Freight + Insurance etc....

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Cody2727

 Profile Answers by Cody2727 Questions by Cody2727

• May 8th, 2011

As you receive an invoice in the mail, date stamp it with the date received.? You can pay an invoice when and if you have a matching PO, and receiving ticket which has been signed by the employee rec...

Sarvottam Darshan

• Feb 22nd, 2006

The open items of an account can only be cleared once you post an identical offsetting amount to the account. In other words, the balance of the items assigned to each other must equal zero.During cle...

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