What is AP(Accounts Payables) Module in oracle-apps-finance..?
What AP contains..? what are the steps in AP..? how to create and why should we create AP..? pls reply soon..
Answers:
As an auditor, I pray you to want an accounting professional. If you do not know what the definition of accounts payable is, you probably are not qualified to create a correct payables system. I hold see too heaps situations where on earth someone who have no accounting experience perform accounting tasks and it turns out to be hugely messy. Find a reputable CPA firm for some nouns counsel and, sooner, wage the firm to set up your AP system. It may cost a moment or two money, but it will be worth it within the long run.
Accounts Payable is a sub module in Finance. It simply deal near Vendor Payments,Vendor Invoice postings and Reconciliation of Vendor Accounts. AP act as a General Ledger,as the volume of the transactions are huge,you stipulation to create a Sub Ledger.
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Answers:
As an auditor, I pray you to want an accounting professional. If you do not know what the definition of accounts payable is, you probably are not qualified to create a correct payables system. I hold see too heaps situations where on earth someone who have no accounting experience perform accounting tasks and it turns out to be hugely messy. Find a reputable CPA firm for some nouns counsel and, sooner, wage the firm to set up your AP system. It may cost a moment or two money, but it will be worth it within the long run.
Accounts Payable is a sub module in Finance. It simply deal near Vendor Payments,Vendor Invoice postings and Reconciliation of Vendor Accounts. AP act as a General Ledger,as the volume of the transactions are huge,you stipulation to create a Sub Ledger.