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A/R and A/P

Hi freinds

I want certain clarification on A/R and A/P. I persume A/R is generally related to sales and A/P accounts payable is related to Purchase . I want a clarification and confirmation.

Regards

Eldee

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    author's profile photo Former Member
    Former Member
    Posted on Jan 29, 2008 at 06:15 AM

    HI ,

    AR module deals with the Customers related transactions,

    predominantly sales/ collection(receipts) related transactions.

    AP module deals with Vendor related transactions-predominantly procurement& payments related transactions.

    chandra

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