Mandatory steps for Implementing Accounts Payable

1. Manage Common Options for Payables and Procurement:-

2. Create Reference Datasets:-

3. Create Payment Terms:-

4. Assign Payment Terms to Reference Data Sets:-

5. Assign Reference Data Sets to Business Unit:-

6.Configure Invoice Options:-

7 . Configure payment Options:-

8. Create Distribution Set:-

9. Create Employee User:-

10. Create Procurement Agent:-

11. Create Supplier:-
Create Site:-

Defaulting Invoice currency and payment currency:-

Selecting default payment method:-

Supplier Site assignments:-

Creation of Bank, Branch and Bank account:-

Creation of Bank Account:-

Creation of Payment Document:-

Give Business Unit Access Set for the Bank Account:-

Creation of Payment Process Profile:-

Assign AP Roles to user:-

Give Business unit Access Set For User:-

Open GL Periods:-

Open AP Periods:-
Creation of Standard Invoice:-

Validate Invoice and Post to Ledger:-

Payment:-
Payment can be done in two ways we can do payment from payment workbench and through
invoice options as Pay in full option

Through Payment Workbench:-

Need to provide all the details of payment

Select the invoice for payment

Query through manage payments:-

Post to ledger:-