The application component in financial accounting is accounts payable and
accounts receivables. The longevity of an organization more or less will depend on their abilities to manage the accounts payable and receivables of the organization. There is no organization without these words. Hence these components have significant role in finance module. Similarly even in sap also the same was dealt accurately. While taking up the project we must understand the various business processes involved in this area. Further more we have to discuss with the company people regarding their terms and conditions while coming into a contract for either supply of goods or sale of goods. We must have thorough knowledge in dealing with these functionalities. Generally the sundry creditors are called accounts payables in sap environment and sundry debtors are called accounts receivables. In that process first we understand the functionalities involved in accounts payables. The accounts payable accounting is called as SUB LEDGER ACCOUNTING. Because the business transactions are carried out in the individual accounts of the VENDOR ACCOUNTS. However the updating will be taken in both the individual vendor accounts and balance sheet accounts. The real time updating will be done through the settings made in general ledger master while creation of account. Hence these accounts payable account is called as Reconciliation account. The reconciliation will be done in real time automatically only. No manual intervention is required. To take the customization of various activities we have to under stand how the purchase of raw material will be done in the organization. In the process of configuration we first segregate the all vendors into different groups. Because we have to identify them easily. There may be vendors in respect of supply of raw materials and extending services. We make them as different, to identify them correctly. The general data is common for all organization units and all company codes dealing with the vendor. The company code data is specifically has to be maintained within the company code. In the same manner the purchasing organization details are also independent purchasing organisation. We have to set separately with the vendor. However, these are all inter linked and treated as master data maintenance at centrally. If any vendor is not connected with the purchasing organization, we need not define purchasing organization data. However vice versa is not possible. Creation of vendor master record: we can create the vendor master record in easy access screen. In real time environment the creation may be uploading the data, copy data, or in rare instances, manual creation of vendor master data will takes place. For uploading the data we can use data migration tools, like LSMW OR BDC concepts. While creating master records, we have to segregate the details in two steps. The first one is general data details and company code details. (If you are opening the vendor in financial accounting ) Otherwise if the sales and distribution module is also implementing we have to give the sales area details as third step. 1. General data contains the address and other communication details, along with the control functions, payment transaction details at client level. We have to set the field status of the master records in respect of general data is applicable for all vendors as whole in the particular group. 2. Company code data: contains the data relating to the terms and conditions which are applicable to the vendor and the company code. These details are applicable for company code level only. We can create the vendors in two areas one is accounting and the other one is sales area. Cash management group: a1 and select the next entry button till save opting displayed and save the data. Vendor is created with account number. Note: if at all you want create the vendor master along with the sales area details we can go to the option maintain centrally opting select XK01 create.
Interpreting Liquidity Ratios of Bluegrass Natural Foods"TITLE"Profitability Analysis: Pepsi vs Dr Pepper" TITLE"Financial Analysis of Sterling Company