ACCOUNTS PAYABLE

THIS COMPONENT IS USED TO

RECORD AND PROCESS THE
BUSINESS TRANSACTIONS WITH
VENDORS
WE CAN DESIGN BALANCE
CONFIRMATRIONS,ACCOUNT
STATEMENTS AND OTHER FORM OF
REPORTS TO SUITE THE
REUIREMENTS
VENDOR MASTER DATA
FOR EVERY ACCOUNT WE SHOULD
CREATE MASTER RECORD WHICH
CONTROLS HOW THE BUSINESS
TRANSACTIONS ARE PROCESSED.
SPECIFICATIONS MADE IN THE
MASTER RECORD ARE USED AS
DEFAULT VALUES
VENDOR MASTER RECORDS
IT CONTAINS THE DATA IN 3
SEGMENTS
GENERAL DATA
IT INCLUDES
NAME,ADDRESS,LANGUAGE
TELEPHONE NO,COMMUNICATION
DATA WHICH CAN BE USED BY ALL
THE COMPANY CODES. IT IS STORED
AT CLIENT LEVEL
Xyz inc. (vendor)
A company code b company code c company code
COMPANY CODE DATA
IT INCLUDES RECONCIALATION
ACCOUNT NO AND PAYMENT TERMS
AND PAYMENT METHODS ETC.
THIS SPECIFIC TO EVERY COMPANY
CODE
THIS DATA IS STORED AT COMPANY
CODE LEVEL
Xyz inc. (vendor)
A company code b company code c company code
Credit
Period 10 days 20 days 30 days
PURCHASE DATA
USED BY THE PURCHASE
DEPARTMENT OF THE OF THE
COMPANY.
IT INCLUDES THE ORDER
CURRENCY,TERMS OF DELIVERY.
VENDOR ACCOUNT GROUP
BASED ON THE SIMILARITIES
REGARDING THE MASTER DATA
MAINTENANCE REQUIREMENTS
VENDORS ARE GROUPED TOGETHER

THESE ARE CALLED VENDOR
ACCOUNT GROUPS


VENDOR ACCOUNT GROUPS
CONTROLS
A NUMBER RANGE FOR ASSIGNING
ACCOUNT NUMBER
WHCH FIELDS ARE
SUPPRESSED,REQUIRED AND
OPTIONAL
FIELD STATUS
FIELD STATUS IS DEFINED AT
ACCOUNT GROUP LEVEL. I.E WHICH
FIELD IS REQUIRED AND OPTIONAL.
FILED STATUS DEFINED FOR
ACCOUNT GROUP APPLIES TO ALL
THE VENDOR MASTER RECORDS
CREATED UNDER THAT GROUP