Account Payables

 

Hi guys,
after long time i am again started publishing about my/our leanings. as i said earlier please try to post your comments on below specified article.

Today we will learn about Accounts payable module. AP is also got too many changes in 2012,
We use AP module to track all invoices and outgoing expenditures to vendors.Just like 2009 we can create  vendor groups, vendors, posting profiles, various payment options, parameters regarding vendors, charges, deliveries and destinations, promissory notes, and other types of Accounts payable information in 2012 also.

2012 AP is divided into two modules, they are

1. AP.
2. Procurement and sourcing.

Procurement and sourcing is a beautiful concept which has implemented in 2012. Procurement and sourcing, and AP are are interlinked modules. 

In-order to work with AP, we have to configure following things in the AP module as Master data.

Accounts payable parameters

Form setup

Methods of payment - vendors

Terms of payment

Vendor groups

Vendor posting profiles

In the next posting we will learn about Each Setup.