Account Payable

Sap Financial accounting system Account payable

Account payable A/P, is sub ledger in Sap Fico and its used for vendor transctions and each transction create a documents with unique documents nos for audit trails purpose.

Step 1
Creation of vendor group
Menupath
Financial accounting-----–>account receivable and payble --->vendor accounts ---------master data---------->preparation -------->define accounts vendors

Assign nos rangs to vender accounts group
Financial accounting------->account receivable and payable ---master data-----preparation----assign nos ranges


Creation of vendor master data
Tcdoe FK01

Vendor Invoce posting TCODE FB60

vendor document type

Kr vendor invoice

KZ Vendor Payment

Posting key

Vendor debit 40
vendor credit 31

Menu path for account payable
SPRO--IMG--->accounting--->finanical accounting----->account payable---document entry account.

We can not post account payable transtions at fb50 tcode we have to post in specific vendor account and using vendor posting key

Vendor debit 40
vendor credit 31

We can post vendor invoice with purchase order and without purchase order
when invoice is posted MM material master record and PO History updated

Payable are paid by Automatic payment program APP
I cover in Next topic ....Automatic payment