Accounts Receivable & payable

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Subrahmanyam

Subrahmanyam (Querist)
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19 January 2010 Can anyone explain the process involved in Accounts Receivable & payable process..

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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19 January 2010 You mean to ask in SAP -AP & AR moudle ?

Subrahmanyam

Subrahmanyam (Querist)
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19 January 2010 Both in SAP and otherwise..in general..

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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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

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