Procure To Pay

Procure To Pay
Purchase Requisition Purchase Order Receiving Inspection Deliver

Dr. Receiving Accrual/Asset Clearing/ Expense Cr. AP Accrual Receiving Process Dr. AP Accrual Cr. Liabilities Delivery Process Dr. Inventory Cr. Receiving Accrual

Invoice

Matching Invoice

Payment Process

Payment

Dr. Liabilities
Bank Reconciliation Process Cr. Cash Clearing / Petty Cash Dr. Cash Clearing Cr. Bank

Bank Reconciliation

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Purchase Requisition Purchase Order Receiving Inspection Deliver

Dr. AP Accrual

Dr. Receiving Accrual

Cr. Receiving Accrual Cr. Inventory / Asset Clearing / Expens Return to Vendor / Correction Dr. Liabilities Cr. AP Accrual Cancel Invoices Return to Vendor / Correction

Invoice

Payment Void Payment

Dr. Cash Clearing / Petty Cash

Cr. Liabilities

Bank Un-reconciliation

Dr. Bank

Bank Cr. Cash Clearing Reconciliation

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Invoice Matching process
Dr. AP Accrual Dr. VAT In (PPN) Dr./ Cr. Invoice Price Variance Cr. Liabilities Cr. Withholding Tax (PPH) Dr. AP Accrual Dr./ Cr. Invoice Price Variance Cr. Liabilities

Invoice Standard
Dr. Expenses Dr. VAT In (PPN) Cr. Liabilities Cr. Withholding Tax (PPH) Dr. Expenses Cr. Liabilities

Debit Memo / Credit Memo

Dr. Liabilities Dr. Withholding Tax (PPH) Cr. AP Accrual / Expenses Cr. VAT In (PPN) Dr. Liabilities Cr. AP Accrual / Expenses

Note: If Invoice Canceled reverse journal will be created automatically

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Withholding Tax
Dr. Withholding Tax (PPH) Cr. Liabilities

Prepayment
Dr. Prepayment Dr. VAT Tax (PPN) Cr. Liabilities Cr. Withholding Tax (PPH) Dr. Prepayment Cr. Liabilities

Apply Prepayment
Dr. Liabilities Cr. Prepayment

Note: If Invoice Canceled or Payment Voided reverse journal will be created automatically

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Payment Using Bank Reconciliation
Dr. Liabilities Cr. Cash Clearing / Bank Clearing Dr. Cash Clearing / Bank Clearing Dr. Bank Charges Cr. Bank

Direct Payment (Without Bank Reconciliation)

Dr. Liabilities Cr. Petty Cash / Bank Dummy

Note: Payment Voided and un-reconciled reverse journal will be created automatically