SAP FI Accounts Payable is used to record the accounting data for all the Suppliers/Vendors. The company is liable to make payment to its vendors as per the payment program.
This is Sub Ledger (subsidiary ledger). This is used when material management (MM) module is not implemented for all material purchases and services. When MM module is implemented this is used for services.
Example - Job work charges, Legal and Professional charges.
Basic settings for Accounts Payable
1. Creation of Vendor Account Groups
2. Create Number Range for Vendor Account
3. Assign Number Range to Vendor Account Groups
4. Define Tolerance Group for Vendor
5. Creation of 2 G/L Masters
6. Creation of Vendor Master
7. Document Types and Number Ranges
This is Sub Ledger (subsidiary ledger). This is used when material management (MM) module is not implemented for all material purchases and services. When MM module is implemented this is used for services.
Example - Job work charges, Legal and Professional charges.
Basic settings for Accounts Payable
1. Creation of Vendor Account Groups
2. Create Number Range for Vendor Account
3. Assign Number Range to Vendor Account Groups
4. Define Tolerance Group for Vendor
5. Creation of 2 G/L Masters
6. Creation of Vendor Master
7. Document Types and Number Ranges