Accounts Payable Configuration Steps

Accounts Payable Configuration Steps

Accounts Payable Overview :- Accounts Payable is a Subsidiary Ledger account. Accounts payable records and manages accounting data for all vendors. When  postings are made in Accounts Payable simultaneously recorded in the General ledger account.

Steps in Accounts Payable Configuration are as follows

1. Step 1 :- Creation of Vendor Account Groups
2. Step 2 :- Create number range for vendors account 
3. Step 3 :- Assign number range to vendor account groups
4. Step 4 :- Define tolerance group for vendor
5. Step 5 :- Creation of vendor master
6. Step 6 :- Creation of GL as Reconciliation Accounts
7. Step 7 :- Document types and no. ranges
8. Step 8 :- Vendor Payment Terms
9. Step 9 :- Automatic Payment Program

Step 1 :- Creation of Vendor Account Groups

SAP Path :SPRO –> Financial accounting –> Accounts Receivable and Accounts Payable –> Vendor Accounts –>Master data –> preparation for creating vendor master data –> Define Account Groups with Screen Layout (Vendors)

Transaction Code :- OBD3

Step 2 :- Create number ranges for vendors account

SAP Path :- SPRO –> Financial accounting –> Accounts Receivable and Accounts Payable –> Vendor Accounts –> Master data –> Preparation for creating vendor master data –> Create number ranges for vendors account

Transaction Code :- XKN1

Step 3 :- Assign Number Range to Vendor Account Groups

SAP Path :SPRO –> Financial accounting –> Accounts receivable and accounts payable –> Vendor Accounts –>Master data –> preparation for creating vendor master data –> Assign Number Range to Vendor Account Groups

Transaction Code :- OBAS

Step 4 :- Define tolerance group for vendors

SAP Path :SPRO –> Financial accounting –> Accounts receivable and accounts payable –> Business transactions –> Outgoing payments –> Manual outgoing payments –> Define Tolerances (Vendors)

Transaction Code :- OBA3

 Step 5 :- Creation of Vendor Master

SAP Path :- SAP Menu –> Accounting –> Financial Accounting –> Account payable –> Master Records –> Maintain Centrally –> Create 

Transaction Code :- XK01

 

Step 6 :- Creation of GL as Reconciliation Accounts ( Sundry Creditors )

SAP Menu Path:- SAP Menu  –> Accounting –> Financial Accounting –> General Ledger –> Master Records –> Individual Processing  –> Create Centrally

Transaction Code :- FS00

Step 7 :-Document types and no. Ranges  ( KZ, KR, KA )

SAP Menu Path :- SPRO –> IMG –>Financial Accounting –>Financial Accounting Global Setting –>Document–>Document Number ranges –> Define Document Number Ranges

Transaction Code :- FBN1

Step 8 :- Vendor Payment Terms

SAP Menu Path:- IMG –> Financial Accounting –> Accounts Receivable & Accounts Payable –> Business Transactions –> Outgoing Invoices/Credit Memos –> Maintain Terms of Payment

Transaction Code :- OBB8

Step 9 :- Automatic Payment Program

Menu Path:- IMG –> Financial Accounting –> Accounts Receivable & Payable –> Business Transactions –> OutgoingPayments –> Automatic Outgoing Payments –> Payment method/Bank Selection for Payment program

Transaction Code :- FBZP