Accounts Payable (FI-AP) 

Purpose

The Accounts Payable (FI-AP) component covers the most important laws and business practices specific to Hungary. The following documentation describes these aspects of the component. For generic information about FI-AP, see Accounts Receivable and Accounts Payable Overview.

Features

Customizing

You must make some specific Customizing settings for invoices from vendors from other EU countries.

Master Data

Maintain the following master data as described:

·        Company code master data

·        Vendor master data

Day-to-Day Activities

Enter invoices, payments, and other documents as described in Invoices and Payments. There are special procedures for entering:

·        Invoices from vendors in other EU countries

·        Telephone invoices