omkar.piet

 Profile Answers by omkar.piet 

• Jan 31st, 2007

 

Hi all,Procure 2 Pay -> 1. Procure and Pay2. This is a cycle starts with Procure and ends with Pay 3. Procure - PR(Purchase Requisation) > approval PR > PO(Purchase Order) > Approval PO > generated PO goes to approved Supplier > get the item into the INV (Inventory).4. Pay - Make the payment against invoice in AP(Acount Payables). Thanks ,Omkar

latha

• Jun 26th, 2007

 

Hi

Procure to Pay is like Procuring something, preparing the Orders for the item, preparing the invoices against the orders, and making the payments for the invoice.

Here the modules involved in P to P are : Iprocurement(requisitions), Purchase Orders(PO creation), Account Payables(Invoice, Payments). And GL also part of this as we are using some set of books.

This as per my knowledge.