You post accounting data for vendors in
Accounts Payable
. From there, the data is sorted by vendor and made available to other areas such as the purchasing system. When you post data in
Accounts Payable
, the system creates a
document
and passes the data entered to the general ledger. General ledger accounts are then updated according to the transaction concerned (payable, down payment, and so on).
Since the individual applications (general ledger and subledgers) all exchange data, individual business transactions only have to be entered once. See also: Organizational Structure of Financial Accounting
Postings are automatically triggered from the operative transactions in
Accounts Payable
. Invoice values are provided for cash management, in order to optimize liquidity planning.
Note
SAP provides two variants for carrying out business transactions in
Accounts Payable:
Standard transaction:
Credit memo - general
.
Single screen transaction:
Credit memo
.
You cannot switch between both transactions.
The system carries out consistency checks before saving the data. When the debits equal the credits, and the data is complete, post the document. If errors exist, the data is not saved, and the system proposes adjustments.
The system updates the document file and the G/L account balances.