Accounts Payables in SAP

Accounts Payable is among many SAP FI's submodules, which manages and records accounting information for vendors and merchants. It handles merchant invoices, payments and installments, and other similar exercises.

The Accounts Payable submodule has a vast number of reports and forecasting features to track merchant outstanding payments and installments.

Management of all invoices and conveyances is according to the merchant's demands. Management of Payables can be according to the payment programs, and the payments are cleared through checks, direct account transfer, electronic exchanges, and so on.

All the postings made in the Account Payable reflects in General Ledger as well. The system maintains forecasts and standard reports to monitor all the open items.

In this course, you will learn how to

1. Create vendor account groups
2. Create number ranges for master records of vendors
3. Assign number ranges to account groups of vendors
4. Create a tolerance group for vendors
5. Create vendor master (display/modify/block/unblock vendor master)
6. Post vendor transactions (invoice, payment, credit memo)
7. Display vendor balances as well as General Ledger balances
8. Configure settings for advance payments to Vendors (down payment)
9. Clear down payment against invoices (particular GL transactions)
10. Post partial payment & residual payment
11. Create payment terms
12. Create house banks and account ids.
13. Create check lots and void reasons
14. Maintain check register
15. Display check register
16. Cancel unissued checks
17. Cancel issued checks
18. Post the purchase returns.
19. BRS
20. Configure automatic payment program
21. Define correspondence & party statement of accounts

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