Vendor Account Analysis in SAP
Vendor Line Item Display – FBL1N
• This session gives vendor line items display. We can provide vendors in a range or a single vendor.
• We can select the either only open items or only processed (cleared) items or all items (open as well as cleared items).
• In case, if the vendor is linked to any customer then, we can even choose to display the linked customer line items as well. Read more…
Financial Accounting SAP FI AP
Aaccount Payable Account Clearing
Manual Clearing (SAP session F-44)
This process is used where No withholding tax (TDS) deducted on down payments.
Through this session we can clear vendor invoices against Vendor Credit note or on-account payment or down payments.
On selection of process open items, a list of all the open line items in the vendor sub-ledger is displayed at a global level.
To also include the down payments (advance payment) made we need to select the appropriate special GL indicator to get a complete display.
Open items can be adjusted either partially or fully.
Manual Clearing (SAP session F-54)
This process is used where withholding tax (TDS) is deducted on down payments.
This session is used for any clearing of advances paid where TDS is deducted while paying this advance.
On selection of process open items button, a list of all down payments made to the vendor is displayed at a global level.
We have the option to select the invoice and clear the down payment in this session.
Through this session advance payment amount is moved from the “advances” GL (asset) to vendor sub ledger GL (liability). This can be further cleared using session F-44.
Financial Accounting SAP FI AP
This set of documents explain in step by step manner with screenshots, how to do transaction in SAP FI Accounts Payable (AP).
These documents can be used for power user training or end user training in the final preparation phase during implementation. Read more…
Financial Accounting SAP FI AP
This document explain SAP FI Account payable (AP) and Account Receivable (AR) configuration in step by step manner with the help of system screenshots.
This document is very useful for all SAP FI consultant and or who are having aspiration to be FI consultant. This document help you to understand sap FI Account payable (AP) and Account Receivable (AR) configuration in systematic manner and you need not to waste your time in SPRO for Account payable (AP) and Account Receivable (AR) configuration.
Read more…
Financial Accounting SAP FI AP, SAP FI AR
The Accounts Payable application component records and administers accounting data for all vendors. It is also an integral part of the purchasing system: Deliveries and invoices are managed according to vendors. The system automatically makes postings in response to the operative transactions. In the same way, the system supplies the Cash Management application component with figures from invoices in order to optimize liquidity planning.
Payables are paid with the payment program. The payment program supports all standard payment methods (such as checks and transfers) in printed form as well as in electronic form (data medium exchange on disk and electronic data interchange). This program also covers country-specific payment methods. Read more…
Financial Accounting SAP FI AP
Incoming Payment from Vendors
In case of following scenario incoming payment from Vendors will be applicable
Rejection of material after payment to Vendors
Refund of advance payment due to cancellation of Purchase order
Recovery of salvages done on behalf of vendor
Recovery of advance payment /Rent deposit from employees
Income tax/Sales tax etc refund from statutory vendor
Following SAP T Code to be used Read more…
Financial Accounting FI, SAP FI AP
Vendor Outgoing payments
We may have to do outgoing payments in SAP for one of the following reason
Payment to a supplier / subcontractor against invoice
Payment to a supplier / subcontractor as an advance
Payment for any expenses / Deposits
Payment on behalf of other office / branches
Payments for Cash withdrawals
DIRECT DEBITS made BY BANKS through (NEFT)
DIRECT DEBITS made BY BANKS through standing instructions
Manually prepared cheque payment accounting.
Employee payments related to expenses, salaries, advances etc.
In SAP we have following two option to make outgoing payment in such cases Read more…
Financial Accounting FI, SAP FI AP
Down payment means advance paid to Vendor. These advances may be paid to Vendors for
Purchase of goods from Vendor
Taking services from Vendor
Advance to Employees
Payment to statutory Authorities
Payment of security Deposit
Advance payment to employees as vendor, security deposit, statutory Authorities should be routed through Vendor account Read more…
Financial Accounting SAP FI AP
Bills of exchange
This Process is applicable for accounting of bill of exchange & releasing payment against bill of exchange on due date. The bill of exchange is a written “Acceptence” by the drawee to pay money to the payee. Read more…
Financial Accounting SAP FI AP
Booking of Vendor bills directly in FI without integration with material management.
Scenarios considered for Vendor Invoice & Credit Memo (Without PO) Manual Booking
FI Invoice (Credit Memo) to Vendor against any Expenses incurred by Vendor
FI Invoice (Credit Memo) to Vendor against Freight Paid by the Vendor
FI Invoice (Credit Memo) to Vendor against Octroi Paid by the Vendor
Debit note Vendor against ESIC/PF & other statutory payment paid by organization on behalf of Vendor
Booking Commission invoice received from vendor
Debit note to Vendor Against Freight Paid by organization on Vendor’s behalf
Debit note to Vendor against Octroi Paid by organization on Vendor’s behalf
Debit note to Vendor against Price difference (Bill Booking)
Debit note to Vendor against any other miscellaneous Expenses payable Read more…
Financial Accounting SAP FI AP