About r2r, p2p & o2c

Dear all,
I want to know detailed information of these terms.

OR

please post a Article detailing all these terms. I would be highly thankful to you.

Thank you
Replies (2)
Quick Summary
This discussion clarifies the ERP accounting terms R2R (Record to Report), P2P (Procure to Pay), and O2C (Order to Cash). These represent key financial cycles followed by accountants to process transactions like customer invoices. While the specific steps may vary between accounting software, the core concepts remain consistent across all platforms.

Yes these are erp accounting terminologies. They are cycles and if you search google, you will find these in diagrammatic representations which explains the procedure for every cycle. The accountants follow this procedure to process invoices for a customer on their accounting software’s. Every software procedure will be different although the central idea is the same. Hence, please search for them in your software’s knowledge centre.

Thank you very much 👍👍

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