With Localization P2P

Procure To Pay Cycle

Procure to Pay cycle covers the following steps:1. Creating e!uisition

AP Period Close Process:1. Validate all invoices 2. Create accounting with final post. #. un ;<n accountant invoices progra$= &. 'dentify invoices with any holds and clear the holds. ). Clear (ll pay$ents +. Confir$ all pay$ent ,atches-pay$ent $anager. 2. un e3ception report

Payable Setups:1. Paya,le options - (ccounting "ption0 Currency0 %a3 eporting0 'nvoice0 (pproval0 5atching0 'nterest0 73pense eport0 Pay$ent0 Withholding %a30 eport 2. 8inancial "ption 9 (ccounting0 *upplier 9 Purchasing0 7ncu$,rance0 %a30 :u$an esources #. Pay$ent %er$s &. Profile "ption ). Pay$ent *etups +. /ocu$ent *e!uence 2. Controlling (P calendars >. eviewing %a3 *et ups and the %a3 (ccounting Process

2. Creating Purchase "rder #. Creating eceipt &. Creating 'nvoice in (P ). Pay$ent of the 'nvoice +. %ransfer0 '$port and Post to 1L

Accounting Entries in the Cycle:1 PO eceipt: 'nventory eceiving a4c %o (P (ccrual a4c ! "eli#ery: 5aterial Value a4c %o 'nventory eceiving a4c
& 'n#oice:

/r Cr /r Cr

(P (ccrual a4c %o Lia,ility a4c

* Pay$ent:

/r Cr /r Cr

Lia,ility a4c %o Cash4Cash Clearing a4c Accounting Entries in Pre-Pay$ent:1 'n#oice: Prepay$ent a4c %o Lia,ility4c ! Pay$ent: Lia,ility a4c %o Cash a4c & Apply to 'n#oice: (P (ccrual a4c %o Prepay$ent a4c %o Lia,ility a4c

/r Cr /r Cr /r Cr Cr

Accounting Entries with Localization in the Cycle:1 PO eceipt 'nventory eceiving a4c V(% 'nteri$ ecovered a4c %o (P (ccrual a4c Clai$ E%cise: A 1 2#( 6asic a4c 1 2#( Cess a4c 1 2#( *: Cess a4c %o 'nventory eceiving a4c ( Clai$ )AT: Vat ecovered a4c %o V(% 'nteri$ ecovered a4c ! "eli#ery: 5aterial Value a4c %o 'nventory eceiving a4c & 'n#oice: (P (ccrual a4c 5isc. 73cise a4c 5isc. Cess a4c 5isc. *: Cess a4c 5isc. V(% a4c %o Lia,ility a4c * Pay$ent: Lia,ility a4c %o Cash4Cash Clearing a4c

/r /r Cr /r /r /r Cr /r Cr /r Cr /r /r /r /r /r Cr /r Cr

Page 1

With Localization "2C

Order to Cash Cycle

Co$plete "rder to cash cycle steps including 1. 7ntering the *ales "rder 2. 6oo@ing the *ales "rder #. Launch Pic@ elease &. *hip Confir$ ). Create 'nvoice +. Create the eceipts either $anually or using (uto Loc@,o3. 2. %ransfer to 1eneral Ledger >. Aournal '$port B. Posting

Period Close Process:-

ecei#able Setups:1. /efining %ransaction %ypes ? *ources 2. /efining Pay$ent %er$s #. /efining 'te$s &. 5anaging Parties and Custo$ers: %C( ). /efining (ccounting ules +. /efining eceipt *ources and Classes 2. /efining eceiva,le (ctivities >. Controlling ( accounting periods B. *etting eceiva,les Profile "ptions 1C. eviewing %a3 *et ups and the %a3 (ccounting Process

1. un ;(uto 'nvoice 5aster Progra$= with all transaction sources. 2. Clear all the error in $aster progra$ for reDected invoices0 if any. #. Co$plete all transactions &. (pply all receipts with respective invoices. ). Create (ccounting for all invoices and receipts +. %ransfer all transactions to 1L 2. un ;<n accounted %ransactions Progra$= >. ( reconciliation receipt.

Accounting Entries in the Cycle:1 Launch Pic+ elease: *u,-'nventory a4c /r %o *u,-'nventory a4c -*taging.
! Ship

Accounting Entries with Localization in the Cycle:1 'n#oice ,E%cise - )AT.: eceiva,le a4c
Cr %o 73cise Paid4Paya,le a4c %o Cess EPaid4Paya,le a4c %o *:.Cess EPaid4Paya,le a4c %o V(% 'nteri$ Lia,ility a4c %o evenue a4c

/r Cr Cr Cr Cr Cr

Con/ir$:
/r Cr

Cost of 1oods *old a4c %o *u,-'nventory a4c

& 'n#oice:

A E%cise

'n#oice:
73cise Paid4Paya,le a4c Cess EPaid4Paya,le a4c *.Cess EPaid4Paya,le a4c %o 12#( P-'' -or. 12#C P-'' -Cenvat 5. 4 PL( a4c /r Cr /r Cr Cr /r Cr /r /r /r Cr

eceiva,le a4c %o evenue a4c

*

/r Cr ! 'n#oice /r Cr /r Cr /r Cr & A/ter

( )AT

'n#oice: V(% 'nteri$ Lia,ility a4c %o V(% Lia,ility a4c

eceipt: Cash a4c %o <nidentified a4c <nidentified a4c %o <napplied a4c <napplied a4c %o eceiva,les a4c

,Ser#ice Ta%.: eceiva,le a4c %o *ervice %a3 'nteri$ Lia,ility a4c %o evenue a4c eceipt - unning 'ndia-Ser#ice Ta% Processing: *ervice %a3 'nteri$ Lia,ility a4c %o *ervice %a3 Lia,ility a4c

Page 2