What is the procedure of Accounts Payables process cycle(From starting to end) in BPO ?

Showing Answers 1 - 18 of 18 Answers


  • Jan 30th, 2015

to process supplier invoices/ ensure that all transactions and documentations comply with the company policies and procedures as well as sars requirements. process supplier invoices to ensure that the invoices matches to the respective purchase order to perform supplier reconciliation investigate all outstanding items and to resolved them,

  Was this answer useful?  Yes


  • Feb 25th, 2015

Indexing, Processing, Auditing/verifying and Payment

  Was this answer useful?  Yes


  • Feb 26th, 2015

the cycle of ap process in sap as follows

1. requisation send to purchase deptt
2. PO(me21n) made by Purchase deptt after getting best quatations from Various Vendors.
3. good Receipt(migo) entry done by Store deptt where goods have to be reach..
4. Invoice(miro) booked by the finance deptt after done the miro
5. Payment process by the finanace deptt after booking the invoice

  Was this answer useful?  Yes


  • May 3rd, 2015

The AP process starts with receipt of invoice. If the vendor is new, then the vendor needs to be created before processing invoice. Further, the invoice is processed and based on the due date, they are picked for payment in resp payment cycle. Once the payment is transferred, we end the process by sending the pmt advice to the supplier.

  Was this answer useful?  Yes


  • May 13th, 2015

In BPO Business - A/P cycle start from;
1-Purchase Order (PO). PO states the rate, amount and goods detail with time specification as well.
2-When services / delivery of goods being received, we are then seeking "Bill from Vendor".
3-We should have to record the cost and simultaneously the liability on the date of bill received.
In this way our financials reflect the "Matching Principle" requirement.

  Was this answer useful?  Yes

Venkat P

  • May 14th, 2015

P2P cycle starts with the following

1. Requester: Request for goods & the same goes for an approval
2. PR is created & routed for approval
3. Once approved, PO is created.
4. Sourcing activities like, Choosing the right Vendor, Payment info happens meanwhile,
5. PO is routed for approval
6. PO is sent to the supplier.& Vendor signs the agreement (Payment terms)
7. Supplier will send the goods along with Invoice.(PO Number mentioned)
8. Good received & GRN entry is made.
9. Invoice is sent to the AP team
10. AP team process the Invoice (3 way match) - GL coding will be automatically pulled.
11. process for Payment

  Was this answer useful?  Yes


  • Aug 5th, 2015

Procedure of Accounts Payable comes under in policy of Companies. Payment Policy comes in force, When Company made Transaction with client with through Procedure of P.O & Finish the date of Payment.

  Was this answer useful?  Yes


  • Dec 16th, 2015

I would like to know step by step processes to pay suppliers; existing or new supplier. You find invoice in your table for payment, what are procedures you going to follow till invoice is been paid, as an creditors clerk or supplier

  Was this answer useful?  Yes


  • Jan 5th, 2016

Accounts Payable cycle starts from as following:
1. Indexing/Scanning.
A. Pre issue batches.
B. Special Batches.
C. Wire Batches.
D. Rush Special Batches.
E. PO Batches
F. Non Po Batches.
2. Processing.
3. Pay Auditing Concurrent team.
4. VMD
5. Payment check run.

  Was this answer useful?  Yes

Pradeep Dubey

  • May 26th, 2016

Payment check run.

  Was this answer useful?  Yes

Punith Hegde

  • Aug 19th, 2016

1. Requirement planning
2. Request for Quotation
3. Creation of purchase order
4. Goods receipt
5. Preparation of goods receipt
6. Creation of payment invoice
7. Payment
8. Reporting

  Was this answer useful?  Yes

Prasanth T

  • Oct 5th, 2016

* Requisition (Identification or request)
* Source of Identification ( The supplier identified the buyer products send the quotation or proposal)
* Vendor creation (Choose the best vendor in list use Fk01/Mk01)
* P O Creation ( For po based Me21N to display ME23N Non Po FB60)
* Goods Receipt ( migo)
* Invoice Receipt (miro )
* Invoice Verification (Here we need to Check 3 way matching for po 2 way matching for non po)
* Payment ( Automatic payment F110 )
to Reversal (fb08)
to parking (MIR7)
to return the documents ( MR8M )
to Credit memo ( FB65 )

  Was this answer useful?  Yes

Sheikh Ibrahim

  • Jan 27th, 2017

Account payable process involves
Vendor master data
Scanning and indexing
Invoice process
Customer service

  Was this answer useful?  Yes


  • Jun 28th, 2017

Accounts Payable or Procure to pay
1. Budget & planning
2. Purchase requisition and get the approval on the internal
3. Select the Vendor
4. Create a purchase order (SCM) Supply chain management
5. Sent to the vendor
6. Receive the goods
7. Received the invoice
8. Verify the invoice
9. Process the Invoice (SSC) service shared center)
10.Re-checking team
11.Finance Team
12.Payment to the vendor

  Was this answer useful?  Yes

Vijendra Bilimaga Nagaraju

  • Aug 18th, 2017

P2P Cycle stats with -
1. Identification of Requirement
2. Authorization of Purchase request - either approved or denied
3. Final Approval of Purchase request - sent to Inventory controller to look for open PO
4. After Approval the purchase request goes to Procurement
5. Procurement - Identify any existing suppliers and call off for an order. If not initiate a supplier search.
5a. Identification of Suppliers - product search
5b. Enquirers - Selected supplier will receive RFQ and RFP
6. Receipt of the Quote - Suppliers will send the quotes back to buyer in turn Buyer will send the final commercial quotes.
7. Negotiation - Shot listed suppliers are called for Negotiation
7a. Reduction of Price 7b. Quality 7c. Freight Charges 7d. Insurance 7e. Payment terms
8. Selection of Vendor - Basis Negotiation; One supplier will be selected and PO will be sent.
9. Purchase Order acknowledgement - Supplier send acknowledgement to Buyer (Sales Order)
10. Advance Shipment Note (ASN) - Supplier sends ASN as soon as he ships the Product.
11. Receipt of Goods - Goods received at stores / Inventory team
12. Invoice recording - AP Department
13. Vendor creation - If it is an new vendor in the system.
14. 3 way match - PO + Invoice + Goods Receipt
15. 2 way match - Invoice + PO
16. 4 way match - PO + Receipt + Invoice + Inspection
17. Payment to Supplier - Supplier account credited
18. General Ledger - Records the transaction with GL Code

  Was this answer useful?  Yes


  • Oct 14th, 2017

1)Identification of Material required
2) Vendor/Quotation selection
3) Purchase requisition to Purchase order
4) Goods receipt note
5) Invoicing
6) Payment to supplier
7) Payment reconciliation.

  Was this answer useful?  Yes


  • Feb 26th, 2018

Basically P2P cycle to be followed as below: -
1. Material requirement planning
2. Vendor selection
3. Request for quotation
4. Purchase requisition
5. Purchase order
6. Goods receipt note
7. Goods receipt with invoice
8. Invoice verification
9. Payment to vendors

  Was this answer useful?  Yes

Give your answer:

If you think the above answer is not correct, Please select a reason and add your answer below.


Related Answered Questions


Related Open Questions