P2P Cycle Flow

1. Create Requisition Nav:- Requisition/Requisition

Requisition

Approve the Requisition

Check the Status Approved or not

2. Requisition summary Nav:- Requisition/Requisition Summary

Query with the Requisition no

Check the Approval Status

Auto Create
3. Auto Create is Nothing but Convert Requisition into RFQ or Purchase order Nav:- Auto Create

Convert PR into PO

Click on Automatic then Select Create

After AutoCreate direct it will come to PO Window

Click on Shipment

Click on Receiving Controls

Approved the purchase order

Receiving the Goods/Receipt

4. Receipts Nav:- Receiving/Receipts

Select u r inventory org and Query with po no or requisition no

Create a Supplier Invoice in payables

5. Invoices Nav:- Invoice/entry/Invoice

Create Invoice & match it with receipt

Click on Match

Give Receipt no & click on find then match it

After matching Click on Actions-1 enable validate

Again Actions-1 enable create accounting final

Make the Payment

6. Maintain Payment Nav:- Payments/entry/Payments OR We can make the Payment in the invoice window, We will go Direct to the payment window

To make the Payment Again go to Actions-1 enable Pay-in-full option

Direct we have come to Payment window

Make the payment & create accounting

Clear the payment in Cash management

7. Clear transaction Nav:- Bank statement/manual clearing/clear transaction

Transfer Entries to GL
1. Create Accounting-Receiving From cost management. 2. Transfer journal entries to GL From Payables. 3. Transfer journal entries to GL From Cash management.

Run a report-receiving & cost management

8. Request report Nav:- Request/Submit new request.

Create Accounting-Receiving

Create Accounting-Receiving

Create Accountingcost management

Create Accountingmanagement

cost

Transfer Journal entries to GL

If at all Programs Run successfully system will import Journals to GL

P2P cycle Entries

1. Receiving the goods Inventory Receiving a/c..............dr to Accrual a/c...........................cr 2. Deliver of goods to sub-inventory Inventory material value a/c.........dr to inventory receiving ac............cr 3. When invoice is created Accrual a/c.....................dr to accounts payables a/c.........cr 4. When payment is made Accounts payables a/c............dr to Bank/cash clearing a/c.........cr 5.When payment is clear Bank/cash clearing a/c..........dr to Bank a/c.....................cr