![]() An AP clerk needs to correct unprocessed documents using intuitive and simple interfaces with access to all invoice data. The process can be seen here: Accrual accounting Purchase order Vendor invoices Shipping receipts General ledger entries 1. Once data is complete and error-free, an automatic posting attempt is performed through the standard SAP-functionality, proving a no-touch flow for these documents. Accounts payable process steps To effectively manage accounts payable, you must post transactions using the accrual basis of accounting. Therefore two or three-way matching is also done entirely automatically. Many problems that arise from the accounts payable process occur because there is a lack of uniformity among processors in the way they handle invoices. ![]() Use automatic line item matching when needed. accounts payable policy and procedures manual, it can have many uses and can help ensure best practices are used throughout the accounts payable organization. ![]() Information required for invoice posting, such as SAP vendor number, tax codes, goods receipt, duplicate check, is automatically determined using advanced search algorithms and logic. ![]() The solution provides the functionality to centrally view and process (change/post) incoming invoices of all types, handle exceptions directly via workflow, check the workflow status or workflow history, recall or restart workflows, and reverse false documents.Ĭaptured invoice data is validated when entering the system using SAP master data and transactional data (e.g., vendor master data and purchase orders). They are then routed to the right person for approval, and a payment is finally issued to the vendor. It leverages your existing SAP-infrastructure, including authority and authorization structures, and the underlying master and transactional data required for invoice validations. The core concept of Process Director for Accounts Payable is its integration into SAP. ![]()
0 Comments
Leave a Reply. |