tgs100

 Profile Answers by tgs100 

• Dec 12th, 2005

 

Need more details to answer this question. Check whether the following answer matches your question.

 

AP cycle

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Purchase Order --> Receipt --> AP voucher --> Payment made

 

AR Cycle

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Sales Order --> Shipment --> Invoice --> Payment receipt

 

GL cycle

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Direct GL JE / Transfer subledger data to GL --> Post

vasan_kali

 Profile Answers by vasan_kali 

• May 18th, 2006

 

GL Accounting cycle can be further elaborated like this...

1.Open Period.

2.Create Functional and foreign journal entries.(including the journal import from legacy systems and subledgers).

3.Reverse journal entries.

4.Post the journals.

5.Review and correct the balances.

6.Revalue foreign currency balances.

7.Translate foreign currency balances.

8.Consolidate set of books.

9.Run accounting reports.

10.Close the accounting periods.

Thanks

K V Srinivasan

chvgupta2001

 Profile Answers by chvgupta2001 Questions by chvgupta2001

• May 6th, 2007

 

AP CYCLE IS AS FOLLOWS

• FIRST WE HAVE TO CREATE THE SUPPLIER DETAILS, TAX CODES, PAYMENTS TERMS,ETC
• AP CYCLE STARTS FROM PO MODULE.
• ONCE THE PO IS CRATED IN PO MODULE
• PROCESSING INVOICES BATCHES
• RELEASING THE INVOICES FROM HOLDS IF ANY
• VALIDATE THE INVOICES BY INVOICE VALIDATION REQUEST
• ACCOUNT THE INVOICES BY PAYABLES ACCOUNTING PROCESS REQUEST
• RUN THE PAYMENT BATCHES
• POST THE AP TO GL BY AP TRANSFER TO GL FOR INVOICES AND PAYMENTS.
• THEN IT WILL GET STORED IN GL INTERFACE TABLE.

vishnu

• Aug 16th, 2011

 

The process of accounting to the vendors, customers and accounting in the books of ledger is know as the cycles of AP, AR & GL.