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i just need someone to clear this up for me,Procure to pay after you pay the suppliers then the cycle is complete,
Normally the Procure to Pay cycle gets completed after you pay to the supplier and the payment passes to the general Ledger module.
do we need to create the item we purchased before or after PO.
Yes you need to create the ITEM before purchasing, as you need to raise the PO to purchase that particular item
2.procure to cash, the cycle is complete after we receive the cash?
Normally here also the cycle is completed after the transactions get posted to GL.
Hope This Helps,
Edited by: ~RGV~ on Jan 22, 2010 8:56 AM
"2 .procure to cash, the cycle is complete after we receive the cash?"
I think you meant Order to Cash. right?
The answer is yes.
In order to cash also, once you receive the cash you need to enter the receipts for the cash received and these receipts to be posted also the GL right?
Just want to clarify my self
Regd. the P2P cycle, i just need one clarification.
I have performed PO line receipt with all quantity and then full payment to supplier.
I think P2P process is over now and PO line should get close.
Am I right ?
Right now, PO line is open after full payment. If I am right then what a reason for not closing the PO line after completing cycle ?
Please help me.
The standard behaviour is the following :
a/ if qty received = qty ordered then PO line status = closed for receiving
b/ if qty invoiced = qty ordered then PO line status = closed for invoicing
c/ if a & b then PO line status = closed
Check your status tab on shipment line to check all these qty, and tell us if the quantuty ordered has fully been received/invoiced.
As far as I know, the payment status of the invoice should have no effect on the PO line status.