Accounts Payable Configuration Steps
Accounts Payable Overview:
Accounts Payable is
often a Additional Balance sheet account. Accounts payable data as well as handles data processing info for those suppliers. Whenever posts are made in Accounts Payable simultaneously recorded within the General ledger account.
Steps in Accounts Payable Configuration are as follows
1.
Step 1 :- Creation of
Vendor Account Groups
2.
Step 2 :- Create
number range for vendors account
3.
Step 3 :- Assign
number range to vendor account groups
4.
Step 4 :- Define
tolerance group for vendor
5.
Step 5
:- Creation of vendor master
6.
Step 6
:- Creation of GL as Reconciliation Accounts
7.
Step 7 :- Document
types and no. ranges
8.
Step 8 :- Vendor
Payment Terms
9.
Step 9
:- Automatic Payment Program
10.
Step 10:- Define
Alternative Reconciliation Accounts for Down payments
DEFINE VENDOR ACCOUNT GROUPSCreation of Vendor Account Groups
This Tutorial guides you how to create
vendor account groups in SAP FI.
Let configure the below vendor account
groups
Group
|
Name
|
A001
|
Domestic Vendors
|
A002
|
Import Vendors
|
A003
|
One Time Vendors
|
Steps to build vendor account groups :
IMG Menu Path: - IMG
> 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 1:- Enter
Purchase code SPRO inside the SAP control area and click enter
Step 2:- Choose SAP Guide IMG
Step 3:- Stick to IMG Food selection Route and choose Determine Accounts Organizations along with Display Design (Supplier)
Step 4:- Choose Fresh records to create up brand new supplier account group
Step 5:- Update the next data
Account Group: - Enter
into four digits Supplier Accounts group code
Description :- Type in the title of Vendor accounts group.
Choose Organization code data under field status and choose Accounts management below group,
Choose Getting back together accounts as needed entry
Step 6 :- Select
Save Icon to save the configured settings
DEFINE NUMBER RANGES FOR VENDOR ACCOUNTS
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
Within this menu option, you define the
total amount intervals for that number ranges useful for vendor master records.
Once you develop a vendor master record, an original number is owned by know
the master record. The amount originates
from the amount range that
has been defined for that
account group.
There is a pair of types of number assignment:
•Internal
number assignment
The SAP System automatically assigns a consecutive number from
your defined number range.
•External
number assignment
You specify several from
your external number range.
Actions
Actions
1. To define a amount range, you need
to develop a new number interval:
•Specify
an alphanumeric key with up to two characters.
•Specify
the
boundaries from the number interval. The consumer number intervals should never overlap. Each number is only able to occur once.
•Indicate
when the number range will be useful
for external number assignment.
2. Then keep the key from
the number range within the table with the account groups (begin to see the section
"Define account groups and field choice
for vendors").
Enter
TCode SPRO in the command field and press enter
Step
2:- Choose SAP Reference IMG
Step
3:- Follow IMG Menu path
to Create Number Ranges for Vendor Account
Step
4:- Select Change interval for creating number ranges for Vendor accounts
Step
5:- Select “Insert Interval”
Step
6:- Update the following
information and Enter
1.
NO: - Enter
NO that you want to identify the vendor accounts number range
2.
From Number: - Enter
from number of vendor number range
3.
to number: - Enter
to number of vendor number range
4
.Ext:- Select
EXT box if you want external numbering
Step
7 :- Select Save and ignore the
warning message press enter.
ASSIGNMENT OF NUMBER
RANGES TO VENDOR ACCOUNT GROUP
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 1:- Enter transaction Code SPRO in the SAP
command field and press enter
Step 2:- Select
SAP Reference IMG
Step 3:- Follow the IMG menu path
Step 4:- Select Position
Update vendor account
group that you to assign number ranges and press enter
Step 5:- Update Number range key in the number
range field
Step 6:- Click on save
icon to save configured setting
Thus Number range is
successfully assigned to vendor account groups
