What is a P-Card? What are its advantages?

nkamuni_mca

 Profile Answers by nkamuni_mca Questions by nkamuni_mca

• Dec 30th, 2009

P-Card means purchase card.. employees of the company will be given P-Cards for purchasing goods and services and they can pay through P-Cards... P-Cards will have a specific limit associated with it ...

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Explain some of the ways in which duplicate payments made can be corrected?

nkamuni_mca

 Profile Answers by nkamuni_mca Questions by nkamuni_mca

• Dec 30th, 2009

Duplicates payments - once made cannot be corrected... we have to recover the duplicate amounts paid to the vendor... we can recover the amounts by way of asking the vendor to return back the paid amo...

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What are common issues addressed by AP helpdesk?

nkamuni_mca

 Profile Answers by nkamuni_mca Questions by nkamuni_mca

• Dec 30th, 2009

The accounts helpdesk may consist of help through emails / calls. Most of the calls will be on inovice payments and year end we may all receive calls/emails about 1099 misc...

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If you have TDS exemption for Last Year and bill also for last year but booking happen in current year then what is the TDS Effect?

siddbang

 Profile Answers by siddbang Questions by siddbang

• Jul 29th, 2010

While issuing the TDS exemption certificates generally Income Tax officer mention the Validity of the certificate. Normally it will be till the end of financial year. So, after that period it becomes ...

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What is a factored invoice?

Pratik

• Jul 6th, 2012

Invoice factoring is the practice of selling your accounts receivable (invoices) at a discount to another company. You get the money from the company that you sold your accounts receivable to and the invoice factoring company services your accounts by collecting on the invoices.

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What is the most criticality part or process for AP?What is delegation of authority in term of AP process?

suren1206

 Profile Answers by suren1206 Questions by suren1206

• Dec 7th, 2010

The most critical part of AP process is "verification" of goods / services as per invoice. Whether it is thru' certification of the concerned team which has raised the PO or by confirmat...

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Ajijul

• Mar 12th, 2013

Capital is the fund owner starts with the Business. To calculate the true profit owner charge Interest on the Capital which he/she started with the Business. Int. on Capital is the charge usually used in Pvt Ltd company.

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bill7031

 Profile Answers by bill7031 Questions by bill7031

• Mar 20th, 2012

A loss (or losses) from previous years carried forward in order to offset future earnings. This reduces the tax burden for the years with profit as the accumulated losses are deducted from the taxable profit.

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we will involve Inventory, Purchasing, Payables, cash Management and Cost management in P2P cycle.
which module period is closed

Sid1599

• Jul 18th, 2012

A/c Payable is closed in P2P Cycle as finally the company pays the vendor as per his invoice.

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How is a foreign currency invoice entered in AP?

janet

• Oct 15th, 2012

Either converted to US currency or if you have a system that records foreign currency

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dinesh

• Feb 9th, 2015

First of all we collect all entries from balance sheet and submit the sales tax

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what is the main job roles and duties in AP process

Mirosaan

• Jan 24th, 2015

The basic concept of AP is processing supplier payment. The main task is to process these payment on or before due dates. The sub processes in AP could be maintaining AP ledger, reporting of delayed payments, clearing supplier outstanding statements, etc.

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Can we prepare Cash flows with help of TB ?? How we can prepare with example please?

Amir

• May 13th, 2015

YES, 1- T.B is the statement that reflect balances of each specific account on a specific exact date rather then period (usually accounting period end date). 2-Cash flow statement comprises on the ...

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Is there a entry for a "Invoice picked for payment"

Manali Mahadik

• Jun 9th, 2015

Yes, we need to MIRO ( in SAP T-Code) invoice to get it processed

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We have received total 20 invoices for processing and we have accounted all the invoices. Later we came to know that 8 invoices GRN (Goods receipt number) not create/received. How you will treat this invoices.

Gopal

• Oct 13th, 2015

Actually this will not satisfy the either 2 way or 3 way matching. First as we get an invoice for processing we need to check the invoice with GRN if we have received material or not and updated in th...

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How to clear open item balances in account payable?

Sagar Nayak

• Nov 2nd, 2016

We can clear Open Item balance in 3 ways : 1st method - fully Clearing, 2nd method - Partial Clearing, 3rd Method - Residual Clearing. According to 1st Method : Fully Clearing At the time of Purchas...

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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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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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