Accounts Payable (FI-AP)
The Accounts Payable (FI-AP) component covers the most important laws and business practices specific to Russia. The following documentation describes these aspects of the component. For generic information about FI-AP, see Accounts Receivable and Accounts Payable Overview.
Features
Customizing
In addition to the generic Customizing activities, carry out the activities specific to Russia as described in Customizing.
Master Data
Maintain the vendor master data as described.
Business Transactions
A number of business processes in accounts payable differ from those in other countries. Country Version Russia offers special processes for:
Recording purchases from foreign vendors so that you withhold value-added tax, as required by law
Making payments by payment order, and making cash payments
For more information, see Business Transactions.
Closing
Before you can prepare a VAT (value-added tax) return, you carry out some closing activities in FI-AP (see Closing).
Reports
Country Version Russia comes with a number of reports for analyzing and processing business documents, and for preparing statutory reports (see Reports).