Accounts Receivable & payable
This query is : Resolved
Subrahmanyam
(Querist)
19 January 2010
Can anyone explain the process involved in Accounts Receivable & payable process..
CMA Ramesh Krishnan
(Expert)
19 January 2010
You mean to ask in SAP -AP & AR moudle ?
Subrahmanyam
(Querist)
19 January 2010
Both in SAP and otherwise..in general..
CMA Ramesh Krishnan
(Expert)
19 January 2010
Accounts Receivable involved.Preparation of customer invoice and submission,booking of sales, maintenance of Debtors credit period, Collection of the out standing on due date, and reconciliation of Account with Customer
Accounts Payable Involved,Preparation of Purchase order or work order based on the quotation place the PO,Receive the Goods,Checking of GRN/DC,Collect the invoice and check along with PO and GRN,other aspects rate,taxes and create the liability in the books,Maintenance of Creditors credit period making payment on due date and reconciliation of account with Creditor
Both Cases TDS Deduction need to take care
Accounts Payable Involved,Preparation of Purchase order or work order based on the quotation place the PO,Receive the Goods,Checking of GRN/DC,Collect the invoice and check along with PO and GRN,other aspects rate,taxes and create the liability in the books,Maintenance of Creditors credit period making payment on due date and reconciliation of account with Creditor
Both Cases TDS Deduction need to take care
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