Please provide me the the difference between Procure to Pay(P2P),Buy to Pay(B2

Please provide me the the difference between Procure to
Pay(P2P),Buy to Pay(B2P)and Invoice to Pay(I2P)

Question Posted / surya

2 Answers
22313 Views
Cap Gemini, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

Please provide me the the difference between Procure to Pay(P2P),Buy to Pay(B2P)and Invoice to Pay..

Answer / akram khan

p2p means procure to pay
its include the day where we are raise the required
reqvisation
there five steps in this area
1. raise the ticket regarding requirment
2. issue the po( purchase order) of the requested material
3. receive the material which we issue the PO (purchase
order)
4. receive the invoice agaist of material recieved
5. enter the invoice in AP through miro
6. pay the invoice amount according to the payment Trem.by
cash or by cheque or by transfer.

B2P (Buy to pay )Means you can see take the points from 3rd
point to end.

I2P ( INVOICE TO PAY ) Means you take the 4th point to end.
I2P

Is This Answer Correct ?

26 Yes

2 No

Please provide me the the difference between Procure to Pay(P2P),Buy to Pay(B2P)and Invoice to Pay..

Answer / nisha

From the requirement of material to the payment procedure is P2P. After issue the po from material received to payment procedure is B2P. What received invoice against received material to payment procedure via cash, cheque or transfer called I2P

Is This Answer Correct ?

1 Yes

0 No

Post New Answer

More SAP FI-CO (Financial Accounting & Controlling) Interview Questions

What is a document type? : fi- general ledger

0 Answers

In PC for the std cost of proc raw material say A,B,c,D with prices 11,14,10,16 and if I want to pick price 14 as std cost of a product how would you do the configuration in CO-PC

1 Answers

WHAT IS THE MEANING OF MAINTAIN PERIOD CONTROL METHOD ? WITH EXAMPLES

1 Answers

Hello every, I have my MBA in finance in 2011 I was working for NBFC. Now I am decided to join in sap fico course. But the fact is I forgot all accounting knowledge. Zero accounts knowledge. How may eligible for sap fico course, is there any problems to face during course regarding accounts etc. What are the problems basically peoples like me face in fico course and after getting a job.

0 Answers

What is the use of sales returns in fi?

0 Answers

What is production support procedure? How to login production support? what is transaction code?

3 Answers IBM, TCS,

There are result analysis categories in wip (work in process). What do you mean by the result analysis category reserves for unrealized costs?

0 Answers

What is a company code and what are the basic organizational assignments to a company code?

0 Answers

What do you understand by sap cost center? Explain with the example? : cost center accounting

0 Answers

What do you mean by chart of accounts? What are its important elements?

0 Answers

How do you configure the automatic payment program?

0 Answers

what are the functional specification in AP, APP ?

0 Answers Accenture, iGate,

For more SAP FI-CO (Financial Accounting & Controlling) Interview Questions Click Here