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  • Accounts Payable Configuration Steps in SAP::-Creation of Vendor Account Groups

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    The document outlines 10 steps for configuring accounts payable in SAP: 1) Create vendor account groups, 2) Define number ranges for vendor accounts, 3) Assign number ranges to vendor account groups, 4) Define tolerance groups for vendors, 5) Create vendor master data, 6) Create general ledger reconciliation accounts, 7) Define document types and number ranges, 8) Set up vendor payment terms, 9) Configure the automatic payment program, and 10) Define alternative reconciliation accounts for down payments. The steps cover configuring master and transactional data for accounts payable, payments, and down payments in SAP.

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    4. Accounts Payable

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    The document outlines 10 steps for configuring accounts payable in SAP: 1) Create vendor account groups, 2) Define number ranges for vendor accounts, 3) Assign number ranges to vendor account groups, 4) Define tolerance groups for vendors, 5) Create vendor master data, 6) Create general ledger reconciliation accounts, 7) Define document types and number ranges, 8) Set up vendor payment terms, 9) Configure the automatic payment program, and 10) Define alternative reconciliation accounts for down payments. The steps cover configuring master and transactional data for accounts payable, payments, and down payments in SAP.

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    67 views4 pages

    Accounts Payable Configuration Steps in SAP::-Creation of Vendor Account Groups

    Uploaded by

    subrat
    The document outlines 10 steps for configuring accounts payable in SAP: 1) Create vendor account groups, 2) Define number ranges for vendor accounts, 3) Assign number ranges to vendor account groups, 4) Define tolerance groups for vendors, 5) Create vendor master data, 6) Create general ledger reconciliation accounts, 7) Define document types and number ranges, 8) Set up vendor payment terms, 9) Configure the automatic payment program, and 10) Define alternative reconciliation accounts for down payments. The steps cover configuring master and transactional data for accounts payable, payments, and down payments in SAP.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 4

    Accounts payable configuration steps in SAP

    Accounts Payable is a Subsidiary Ledger account, and it records and manages accounting data for all
    vendors. When postings are made in Accounts Payable simultaneously recorded in the General ledger
    account.
    SAP Accounts Payable tutorials to learn Accounts Payable submodule in SAP FICO step by step from
    basics to advanced concepts with scenarios.
     Step 1:- Creation of Vendor Account Groups
     Step 2:- Create number range for vendors account 
     Step 3:- Assign number range to vendor account groups
     Step 4:- Define tolerance group for vendor
     Step 5:- Creation of vendor master data
     Step 6:- Creation of GL as Reconciliation Accounts
     Step 7:- Document types and no. ranges
     Step 8:- Vendor Payment Terms
     Step 9:- Automatic Payment Program
     Step 10:- Define Alternative Reconciliation Accounts for Down payments.

    Step 1:- Creation of Vendor Account Groups

    SAP Path :SPRO –> Financial accounting –> Accounts Receivable and Accounts Payable –> Vendor
    Accounts –>Master data –> preparation for creating vendor master data –> Define Account Groups with
    Screen Layout (Vendors) 
    Transaction Code :- OBD3

    Step 2 :- Create number ranges for vendors account

    SAP Path :- SPRO –> Financial accounting –> Accounts Receivable and Accounts Payable –> Vendor
    Accounts –> Master data –> Preparation for creating vendor master data –> Create number ranges for
    vendors account 
    Transaction Code :- XKN1

     Step 3 :- Assign Number Range to Vendor Account Groups


    SAP Path :SPRO –> Financial accounting –> Accounts receivable and accounts payable –> Vendor
    Accounts –>Master data –> preparation for creating vendor master data –> Assign Number Range to
    Vendor Account Groups 
    Transaction Code :- OBAS

    Step 4 :- Define tolerance group for vendors

    SAP Path :SPRO –> Financial accounting –> Accounts receivable and accounts payable –> Business
    transactions –> Outgoing payments –> Manual outgoing payments –> Define Tolerances (Vendors) 
    Transaction Code :- OBA3

     Step 5:- Creation of Vendor Master


    SAP Path :- SAP Menu –> Accounting –> Financial Accounting –> Account payable –> Master Records –
    > Maintain Centrally –> Create  
    Transaction Code :- XK01

     
    Step 6:- Creation of GL as Reconciliation Accounts ( Sundry Creditors )
    SAP Menu Path:- SAP Menu  –> Accounting –> Financial Accounting –> General Ledger –> Master
    Records –> Individual Processing  –> Create Centrally 
    Transaction Code :- FS00
    Step 7:-Document types and no. Ranges  ( KZ, KR, KA )
    SAP Menu Path:– SPRO –> IMG –>Financial Accounting –>Financial Accounting Global Setting –
    >Document–>Document Number ranges –> Define Document Number Ranges 
    Transaction Code:- FBN1

    Step 8:- Vendor Payment Terms


    SAP Menu Path:- IMG –> Financial Accounting –> Accounts Receivable & Accounts Payable –>
    Business Transactions –> Outgoing Invoices/Credit Memos –> Maintain Terms of Payment 
    Transaction Code :- OBB8

    Step 9:- Automatic Payment Program


    Menu Path:– IMG –> Financial Accounting –> Accounts Receivable & Accounts Payable –> Business
    Transactions –> OutgoingPayments –> Automatic Outgoing Payments –> Payment method/Bank
    Selection for Payment program 
    Transaction Code :- FBZP

    Step 10:- Define Alternative Reconciliation Accounts for Down payments.


    IMG Path :- SPRO > IMG > Financial Accounting >  Accounts Receivable and Accounts Payable >
    Business transactions > Down payment made > Over payment/under payment >Define Alternative
    Reconciliation Accounts for Down payments.

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