Account payable

[Former Member]

Hi Experts,

WIll any one pleasee xplain what is accounts payable / What is the full life cycle of accounts payable.Would be thankful if u cud explain me the flow

BR,

KK

[Former Member · Accepted solution]

Hi,

Please reffer the fallowing link for the details

http://help.sap.com/printdocu/core/Print46c/en/data/pdf/FIBP/FIBP.pdf

Thanks & Regards,

Kavita

[Former Member]

Tx all for the answer.

[Former Member]

Hi KK,

Account payable is nothing by the amount which u have to pay to vendor for buying of raw material

other releated assets for production process.

process: 1. purchase order request

2. purchase order

3. GR (goods recipts)

4. IR (invoice recpits)

5. payment ( to vendors)

The above process will take the payment to vendors is called as AP (account payable)

Regards,

R.N.Reddy