What are the sap transaction codes used in accounts payble process and how to pull reports from sap?

Rinitha

• Jun 15th, 2017

FBL1N - Vendor line items
FK03 / XK03- To Get the vendor details
ME23N- PO Details
MR8M - Reversal
MIRO - PO Invoice posting
FB60 - Non PO invoice processing
F-44 - Vendor clearing
FB03 - TO check entry at document level
FB08 - Mass reversal
ZWFM_R002 - To check CAM approval flow

Jitendra shukla

• Jan 14th, 2017

First we create a ledger for a/p in fs00 then we create account group in obd3 then define no.range in xkn1 then assign no.range for vendor acct group in obas then define vendor in xk01 then Post invoice in f-43 .

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Santosh Kumar Prusty

• Jun 21st, 2017

TDS = Tax Deduct at sources, It was charged by service avail-er. against service provider.

Madhuri

• Apr 4th, 2017

The person responsible for making payment of certain income to the income earn deduct income tax at the prescribed rate on such incomes before payment is made to them

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What is the difference between Finance & Accounts?

Prasad Ravulakollu

• Jun 27th, 2017

Accountancy is the locker containing historical data for decision making, where Finance is the key to unlock it.

Santosh Kumar Prusty

• Jun 21st, 2017

As per Accounting Rule, Accounting = Financing+Manage Accounts+ Manage Costing
For regularize day to day function of establishment, for Financial Manager, generate fund, accounts manager utilize fund and cost accountant regulate fund.

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What are Golden Rules for Accounting?

Victor Samuel

• Jul 6th, 2017

Golden rules of accounts:
Personal A/c:
Debit the receiver
Credit the giver

Real A/c:
Debit what comes in
Credit what goes out

Nominal A/c:
Debit all expenses and losses
Credit all incomes and gains.

Chandramohanreddy

• Jun 12th, 2017

1.Personal account: The account which is starts with names and artificial concerns are called as personal account debit is the receiver credit is the giver 2.Real account account:Inflows and outfl...

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Guru

• Jul 24th, 2017

Before making payment need to check the invoice processed and approved by proper DOA correctly, Due date of the invoice if any, invoice currency processed correctly.

Alveretta Thomas

• Jul 15th, 2017

What steps should be taken after verifying the accuracy when paying for purchases?

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Andy Nguyen

• Jul 28th, 2017

About 750+ a week, 3000+ a month. Not include permits/taps, water, utilities bill, and tons of work like scanning, copy, mail check, and much much more.

Muhammad Abid

• Feb 1st, 2014

What are the steps you go through to check your accounting work before submitting it? Give an example of this?

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Purchased equipment from Company, $9,000. Paid $1,500 down and the balance was placed on account. Payments will be $375.00 per month for twenty months. The first payment is due 4/1.

How would I enter this in a journal entry?

Imran Ahmad

• Aug 24th, 2017

Equipement A/C Dr 9000
To cash A/C 1500
To S.Creditor A/C 7500
(Being equipement purchased and paid rs 1500 and rest in his A/C.)

Yogeesha

• Jul 21st, 2017

When Purchase the Equipment.
Asset Account Dr 9000
To Bank A/C 1500
To Supplier A/c 7500

When making balance payment
Supplier A/c Dr 375
To Bank Account 375

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What is Vendor Account Reconciliation?

Logesh

• Aug 28th, 2017

Concept:
The VAR is a report to know the fund details which has been given to the vendor from company.
Usually the Reconciliation involved minimum two accounts. Ex, Company account and Vendor account.
Note: The Reconciliation account should ends with "0"

Seraj Ali

• Nov 28th, 2016

Matching of our companys cash book to the vendor statement. And adjustment balancing amount.

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senthy

• Oct 11th, 2017

Inter-company Settlement is a process in JDE Finance GL module which we ensure that each company net balance is equal to zero. (Debit=Credit).

xyz

• Oct 11th, 2017

XYZ Ltd US has a payable of $100,000 and has a receivable of $150,000 from XYZ Ltd India, in this case XYZ Ltd US is in a net receivable position of $50,000 from XYZ Ltd India.

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What are the scenarios where we use Sub debits/credits in AP.

Correct me if I am wrong - for Freight, if amount short paid e.t.c what are the main scenarios.
Why actually would we go for Sub

Satya Nand

• Nov 4th, 2017

Hello,

Basically the concept of Sub debit and credit apply to adjust the price difference where quantity is not included.

This can be placed only after the fist document has been keyed into the SAP.

kavita

• Jul 4th, 2017

Subsequent credit is used to show price difference. Credit is for quantity difference.

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raghunath.bhat  

 Profile Answers by raghunath.bhat Questions by raghunath.bhat

• Member Since Jul-2008 | Jul 1st, 2008

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Accounts payable process means by checking the payable invoices (purchase) and then send it to payment and lastly settlement of payment.

manohar

• Dec 22nd, 2017

Accounts Payable Means Process Start With Purchasing and End with Payment, Its should be Payment Terms As Per Purchase Order, While Process the Payment only select the Due date of the Invoices and Pro...

Mohammed Hussain

• Oct 3rd, 2017

Account payable process starts with purchasing and end with payments to vendors

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What is a tolerance limit with respect to invoice processing?

Sanjay yadav

• Jan 12th, 2018

Tolerance also include Tax amount mention on PO or its calculated Based on amount excluding tax and freight amount

Naresh NG

 Profile Answers by Naresh NG Questions by Naresh NG

• Jan 15th, 2010

Limit up to which small differences in an invoice are accepted by the invoice recipient without any further verification being necessary. Naresh NG

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We know the difference between PO and Non PO invoice, but how can we identify the critical vendor invoice in SAP.

RAHUL

• Jan 9th, 2018

For PO we have a purchase order number.
For Non-PO we don't have any PO number for that.

Vikas

• Mar 6th, 2017

Critical vendors I believe are the vendors who are directly or indirectly related to Government like Tax invoices which are paid quarterly, monthly and yearly. Critical vendors in short are the vendors whose payment in delay will effect some entity.

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What are the journal entries that will be passing from the Goods received till the payment made to an supplier?

Anitha reddy

• Jan 31st, 2018

Inventory account DR
To, Grin account.

Grin account DR
To, vendor account.

Vendor account DR
To, bank/cash account

Shaz

• Nov 3rd, 2017

Invoice receipt.
Inventory AC Dr
To GR/IR ac.

Goods receipt.
GR/IR Ac Dr
To Supplier/ Vendor Ac.

Paying Invoice.
Supplier/Vendor Ac
To Bank Ac.

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Mohd.

• Feb 26th, 2018

Basically P2P cycle to be followed as below: -
1. Material requirement planning
2. Vendor selection
3. Request for quotation
4. Purchase requisition
5. Purchase order
6. Goods receipt note
7. Goods receipt with invoice
8. Invoice verification
9. Payment to vendors

sadhna

• Oct 14th, 2017

1)Identification of Material required
2) Vendor/Quotation selection
3) Purchase requisition to Purchase order
4) Goods receipt note
5) Invoicing
6) Payment to supplier
7) Payment reconciliation.

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sachin mundhe

• Apr 17th, 2018

Which state stamp duty applicable on Bank guarantee? If Bank guarantee issued from Maharashtra to Karnataka, then Maharashtra stamp duty applicable for Karnataka?

adeeb

• Oct 18th, 2007

Bank Guarantee is the guarantee of payment by bank on behalf of the customer of the bank to the drawee in whose name the guarantee has been issued.

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I want to know every journal entry in Accounts Payable process in a courier company?

Sushant mahakul

• May 3rd, 2018

In courier company the journal entries will be based on their business transactions. so know the golden rule and apply to each transaction and make entries. You can ask specific transaction entries.

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If Auditor advise you to do pass wrong entry for show revenue more what will you do ?? in the case of crisis in the company if we not show revenue more to investors company would be close so how you will take decision??

Yogesh

• Aug 10th, 2018

In the above case one can take proper approval from the management and ensure that the said entry should have proper supporting with all the necessary autorizations.

MURUGAN A

• Jul 21st, 2018

In this case we can proceed the entry

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What do you mean by THREE WAY MATCHING CONCEPT for the following aspectsVoucher & receiverPurchase order, Receiver & invoiceReceiver, Invoice & VoucherInvoice, Purchase order & Voucher

amrit

• Oct 4th, 2018

The three way matching concept of a document is basically Purchase Order, Supplier Invoice and Goods Receipt Note.

manohar

• Dec 22nd, 2017

Three way Matching Concept Is Matching the PO, Invoice and GRN.

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What is a Non-PO Invoice?

amrit

• Oct 4th, 2018

When we received any invoice without any P.O number it is called NON PO based invoice.The NON PO based invoice can processed by G L code(Cost centre or Profit centre).

Mahesh

• May 15th, 2018

If we receive any invoice copy without po number we consider that has a non po. In this case we need to find out vendor number and gl account number

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