Purchase to Sales Process – SAP Finance in one Go

Introduction

Business cycle – P2P & O2C is important for any FICO Consultant for better understanding of Client’s business.

Procure to Pay 

The procure to pay cycle is a process in which business inquire, request, receive and then pay for raw goods and services

Generating Purchase Requisition – ME51N

Making Inquiry – ME41

Purchase order Creation – ME21N

Release of Purchase order – ME28

Goods received from Vendor – MIGO (MM & FI Integration)

Raw Material Inventory a/c Dr  – (Transaction key BSX in OBYC )

GR/IR Clearing account a/c Cr – (Transaction key WRX in OBYC )

Goods Issued for Consumption (MM-FI-PP Integration)

Raw material Consumption a/c Dr 

Raw material Inventory account  a/c Cr 

Production receipt (MM-FI-PP Integration)

Finished goods Inventory a/c Dr 

Change in Stock a/c Cr 

Invoice Verification – MIRO

GR/IR Clearing account a/c Dr

Vendor a/c Cr

Payment to Vendor – F110 for Automatic payment & F-53 Manual payment

Vendor a/c Dr 

Bank a/c Cr

Order to Cash

Order to cash is a set of business processes that involve receiving and fulfilling customer requests for goods or services.

Inquiry from Customer – VA11

Sending Quotation – VA21

Sale order – VA01

Delivery of Finished goods – VL01N (SD-MM-FI Integration)

Change in Stock  a/c Dr  (Transaction key GBB in OBYC )

Finished goods Inventory a/c Cr ( Transaction key BSX in OBYC )

Customer Billing – VF01

Customer a/c Dr 

Sales a/c Cr  – (Account key ERL in VKOA )

Receipt of Payment – F-28

Cash/Bank a/c Dr 

Customer a/c Cr 

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