What is P2P cycle.
Answers were Sorted based on User's Feedback
Answer / ramananda
Procure To Pay Cycle(p2p)
|requisition
po | |
| RFQ's
| |
| quotation
| |
| PO (purchasing order)
--- |
| receipt
| |
AP-| invoice
| |
| payments
---
Is This Answer Correct ? | 20 Yes | 13 No |
Answer / rohit aggarwal
Requisition
Request for Quotation
Purchase Order (Automatic or Manual)
Receipt
Delivery
Invoice (Autocreate Invoice by giving PO number or
create Invoice & then Match it to PO)
Payment
Transfer entries to GL Interface
Import entries from GL Interface
Post the Entries
Create Reports.
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / santhi
Requisition
|
RFQ
|
Quotation
|
Based on best quotation
|
PO
|
Approve the PO's
|
Send PO to vendors/suppliers
|
Receive PO Items
Is This Answer Correct ? | 5 Yes | 2 No |
Answer / subbu
Procure To Pay Cycle(p2p)
Demand
|
|requisition
po | |
| RFQ's
| |
| quotation
| |
| PO (purchasing order)
--- |
| receipt
| |
AP-| invoice
| |
| payments
|
TRANSFER TO GL
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / ajay umesh
Order Requirement
Order - Material, Vendor, Supplier, plant, Purchasing org.
Purchaser group.
Goods Receipt - Warehouse.
Invoice verification - Vendor.
Payment - Pay method bank.
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / mandakini
Requisition --->Internal,Purchase
|
Rfq's ------>Standard,Bid,Catalog
|
quotation ----->Standard,Bid,Catalog
|
Purchase Order ----->Standard,planed,Contract,Blanket
|
Receipt
|
Invoice
|
Payments
|
Transfer To Gl
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / y sudhakara reddy
purchage reqyestion
to
purchage order
to
goods receipt
to
invoice receipt
to
outgoing payament
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / rajendra potnuru
P2P cycle steps:
1.Requisition (Requirement of goods)
2.RFQ (Request for quotation)
3.Quote Analysis
4.Supplier identified
5 Purchase Order raised to selected supplier
6.Receipt of goods (GRN)
7.Inspection of goods
8.Approval of Invoice
9.Making Invoice payment
10. Invoice finally transferred to GL.
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / masood ahmed
Procure to pay
Step1:Create Requistion
Step2:Create PO
Step3:Enter Inventory Recipts
Step4:Enter Payable invoice
Step5:Make Payment Aginst Invocie
Step6:Create Accounting & Transfer to GL
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / dayakar
1.Requisition
2.Request for quotation
3.Quote analysis
4.Create a purchase order using copy document feature which is a one way to create purchase order(receipt routing method and matching options)
5.Note down purchase order number for future use
6.Receipts
7.Invoice(generates automatically or manually)
8.Payments(bank reconciliation)
9.Transfer to general ledger
10.Verify journal entries in general ledger
Is This Answer Correct ? | 1 Yes | 0 No |
when will formula,place holder and summary columns fire in reports?
what is po approval hierarchy?
I am insert in data to a table X .Which one is better while writing commit statement After each row inset or after all row insert to table.
what is pay run id ?
If the flat file is having the duplicate records in the interface how can you restrict while transferring the flat file data in to interface tables?
which parameters passed in report in oracle developer how to pass
Are you familiar with internet architecture of oracle apps 11i?
pls send me out bound code of supplers,site,bankiformation code pls as soon as
how to use .prt file in bitmap reports?
What is INBOUND and OUT BOUND? (Different types of interfaces)
17 Answers Accenture, Asian Paints, Inbound Solutions, Tech Mahindra,
What do you understand by soa and what are the benefits of using this architecture?
How to report output like below supplier name date amount abc software jan/11 10000 /* jan month total transactions*/ abc software feb/12 30000 /* feb month total transactions*/ dell computers jan/13 45000 /* jan month total transactions*/