
How to start and run S/4HANA Conversion activities
With SAP pushing all the existing customers to move to S/4HANA many global companies have already started their journey towards S/4HANA.
Overview, Integration Touch points with Fiori DemoSAP Multi Bank
Overview, Integration Touch points with Fiori DemoSAP Multi Bank
Accounts payable plays an important role in the SAP ECC module. You can easily record and go on to manage your vendor’s accounting data. SAP refers to sundry creditors as accounts payables whereas accounts receivable refers to the sundry debtors.
Every transaction you process in accounts payable can be directly recorded in the general ledger account. You can get the real-time updating done via the settings through the general ledger master while you create the account.
The major reason you can shift to accounts payable is moving towards comprehensive invoice and payment management. With this feature in mind, SAP went on to introduce the process in the system for facilitating more effective and error-free Management to ensure that the vital data is safe. You can also view this functionality as a file where you keep record of whatever your firm would owe to its different suppliers.
Reason to shift to SAP Accounts Payable process
You can also term this functionality as trade payables. Every invoice you receive from the supplier for the goods or services that you deliver would go on to add to this file as well as removed when the payment has been done fully.
This process is extremely valuable to permit your business establishment to manage the data which they received from their suppliers. You can easily streamline every critical process to reconcile such information with your own payment records to efficiently e-manage business decisions.
For exploiting the capabilities of this feature every business entity should maintain a fully capable and dedicated team. These are the following teams that are in need:
Features available when you implement SAP accounts payable process:
Do you want to know more about this module, and how to make the most out of its features? Our team at iQuantM can help you out effectively. Contact us if you are in need of assistance.
Accounts Payable (AP) is a vital application of SAP ECC module helping you manage and record your vendor’s accounting data.
There are plenty of benefits associated:
There are ample reasons to shift to SAP Accounts payable:
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With SAP pushing all the existing customers to move to S/4HANA many global companies have already started their journey towards S/4HANA.
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