Example 1.

Receiving Flowchart
This example of accounting flowchart was drawn using Concept Draw PRO with the
"Accounting Flowcharts" solution from the article "Accounting Flowchart: Purchasing,
Receiving, Payable and Payment" from the website "Accounting Financial Tax", and published
with the kind permission of the author. An experienced user spent 5 minutes creating this sample.
This sample flowchart using the "Accounting Flowcharts" Solution shows a receiving process
mapped out.

Example 2. Purchasing Flowchart

This example of accounting flowchart was drawn using Concept Draw PRO with the
"Accounting Flowcharts" solution from the article "Accounting Flowchart: Purchasing,
Receiving, Payable and Payment" from the website "Accounting Financial Tax", and published
with the kind permission of the author. An experienced user spent 5 minutes creating this sample.
This sample flowchart using the "Accounting Flowcharts" Solution shows a purchasing process
flow.

Example 3. Payment Flowchart

This example of accounting flowchart was drawn using Concept Draw PRO with the
"Accounting Flowcharts" solution from the article "Accounting Flowchart: Purchasing,
Receiving, Payable and Payment" from the website "Accounting Financial Tax", and published
with the kind permission of the author. An experienced user spent 5 minutes creating this sample.
This sample flowchart using the "Accounting Flowcharts" Solution shows a payment process
flow.

Example 4. Voucher Payable Flowchart

This example of accounting flowchart is drawn using Concept Draw PRO with the "Accounting
Flowcharts" solution from the article "Accounting Flowchart: Purchasing, Receiving, Payable
and Payment" from the website "Accounting Financial Tax", and published with the kind
permission of the author. An experienced user spent 5 minutes creating this sample.
This sample flowchart using the "Accounting Flowcharts" Solution shows a voucher payable
process flow.

1. Create Purchase Order:

Create purchase order for ordering of product. Then submit PO to the vendor.
When PO accepted by vendor the PO create a legally binding contract
between two parties.
In order to create a purchase order, follow the SAP Easy
Access menu path:
Logistics Materials Management
purchasing Purchase Order Create
Vendor/Supplying Plant
Known

2. Create goods receipt for purchase order:

As above continuous to receive into inventory the stock item ordered from
vendor. Goods receipt document will be created referring our purchase order.
To create a goods receipt, follow the menu path:
Logistics Materials Management Inventory Management
Goods
Movement Goods Receipt for Purchase Order GR for Purchase
Order (MIGO)
3. Create Invoice Receipt from Vendor:
Continuous invoice received from vendor. This invoice will be posted to an
existing G/L expenses account in your chart of account and saved as an
Accounts Payable to Olympic Protective Gear. It will be settled by issuing a
check to vendor.
To enter an invoice, follow the menu path:
Logistics Materials Management Logistics Invoice Verification
Document Entry Enter Invoice
4. Post Payment to Vendor:
Issue a payment to vendor to settle the Accounts Payable. A journal entry is
made to Accounts Payable for vendor and to the checking account in the G/L.
To post a payment to a vendor, follow the menu path:
Accounting Financial Accounting Accounts Payable Document
Entry Outgoing Payment Post
5. Display Vendor Line Items:
Display and confirm the activity and associated balance for the Accounts
Payable for vendor. You should see both a credit and debit posting indicating
the receipt of the invoice and the issuance of a payment to settle this
balance due to vendor.
To do this, follow the menu path:
Accounting Financial Accounting Accounts Payable Account
Display/Change Line Items