Accounts Payable is a crucial element of SAP FICO module that data and manages accounting knowledge of distributors.
Accounts payable accounting is also referred to as as sub-ledger accounting, because the enterprise transactions are carried out individually in the seller accounts. All the processed transactions in accounts payable are recorded instantly in the overall ledger account. The actual time updates are executed in the applying by means of settings made in basic ledger grasp whereas creation of account. The required settings are configured by selecting distributors for reconciliation account for every account kind. Any posting executed in accounts payable generates a respective posting to an assigned basic ledger account guaranteeing that the sub ledgers are at all times reconciled with the overall ledger.
In SAP FI, sundry collectors are referred to as accounts payable and varied debtors are referred to as accounts receivable. The deliveries and invoices are managed in response to the distributors. SAP FICO accounts payable might be built-in with FI-GL (General Ledger), FI-AA (Asset Accounting), SAP MM (Materials Management), and the like.
This course gives a complete information on end-to-end processes concerned in Accounts Payable sub-module of SAP FICO. This coaching will show you how to to grasp the ideas of Accounts Payable in nice element thus getting you a novel edge in your SAP profession. Accounts Payable course executed in conjunction with Accounts Receivable will present you full information on either side of the accounting course of concerned in SAP FI thus making you an skilled guide on SAP FICO, the preferred SAP module.