File Name: accounts payable interview questions and answers in sap .zip
Helps Deep connection with our video content. They are generally shown in different control ledgers and are not grouped with the normal transactions.
What is the difference between billable and non-billable expenses? These expenses are recoverable from your customer by way of billing. What steps would you take before approving an invoice for payment? Following steps should be taken.. What is the meaning of invoice? Invoice is a statement which contains the under mentioned details compulsorily.
What are segments in Vendor Master? General Data segment b. Company code segment c. Purchase Organisation segment. What is Vendor Account Group? What are the steps for creating Vendor?
It is collected by VAT-registered traders on their supplies of goods and services effected within the State, for consideration, to their customers. What is end to end AP process explain briefly? Accounts Payable process starts with Purchasing and ends payments to Vendors. Workflow is: Purchasing team recieve requests-Initiate for quotations from vendors-Purchasing team creates Purchase Order, once the quotation is finalized and obtained all required approvals-PO copy would be sent to Vendor-Vendor will raise invoice and submit to accounts payable-Accounts Payable key invoice into ERP-Once the invoice fall on due invoice will get paid. Do you know how to debit the bank cash book upon withdrawn of cash from the bank?
TOP 15 SAP FICO Account Payables(AP) Interview Questions · 1. What are segments in Vendor Master? · 2. What is Vendor Account Group? · 3.
Remember Me. There are three categories of data maintained in a typical master record for a customer:. General Data includes general information such as account number, name, telephone, bank information, trading partner, vendor if the customer is also a vendor , group key, bank key, bank account, alternate payee, etc. Company Code Data comprises terms of payment, payment methods, tolerance group, clearing with vendor, dunning data dunning procedure, dunning recipient, dunning block, dunning clerk, etc. Purchasing Organization Data in the Company Code area of a Vendor master record contains the following:.
It is the software that stores data, and also computes them and retrieves the result based on the current marketing scenario. In order to determine the transaction type which is entered in the line item, a two digit numerical is used known as 'Posting Key' Posting key determines a Account Types b Types of posting. To generate financial statements like Profit and Loss statement, Balance sheets etc. You can have one Chart of Account for one company code which is assigned. There are three currencies that can be configured for a Company code, one is a local currency and two are the parallel currencies.
Accounts payable is nil but money which a company needs to give to vendors for goods and services purchased on credit. Accounts payable is an existing liability of a company.
Explain the 'Account Payables' Sub module? What Documents Result from 'Procurement Processes'? Describe a Purchase Cycle? What is a 'Purchase Requisition' (PR)? What is a 'Request for Quotation' (RFQ)? What is an 'Outline Agreement'? What is a 'Contract'? What is a 'Release Order'?Reply
SAP Accounts Payable Interview Questions · What is SAP ACCOUNT PAYBLE? · Explain 'customer/vendor Master Records? · Who is an 'alternate Payee'? · What Is.Reply
Accounts Payable Interview Questions And Answers A key functional area of SAP for Utilities that supports cross-company exchange of A Payment Request Form (PDF) is required when an invoice does not contain a valid invoice number.Reply
SAP FICO is a software that takes in and computes the information that has been loaded, and in turn, offers the needed results in line with the marketing situation.Reply
1) Explain the term SAP FICO? · 2) What are the other modules to which 'Financial Accounting' is integrated? · 3) In SAP FI what are the.Reply