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Accounts Payable Configuration Steps SAP FICO | Accounts Payable SAP

Accounts payable configuration steps.

Accounts Payable Overview :- Accounts Payable is a Subsidiary Ledger accounts and it records and manages accounting data for all vendors. When postings are made in Accounts Payable simultaneously recorded in the General ledger account.

  • Step 1 :- Creation of Vendor Account Groups
  • Step 2 :- Create number range for vendors account 
  • Step 3 :- Assign number range to vendor account groups
  • Step 4 :- Define tolerance group for vendor
  • Step 5 :- Creation of vendor master
  • Step 6 :- Creation of GL as Reconciliation Accounts
  • Step 7 :- Document types and no. ranges
  • Step 8 :- Vendor Payment Terms
  • Step 9 :- Automatic Payment Program
  • Step 10:- Define Alternative Reconciliation Accounts for Down payments.
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Step 1 :- Creation of Vendor Account Groups

SAP Path :SPRO –> Financial accounting –> Accounts Receivable and Accounts Payable –> Vendor Accounts –>Master data –> preparation for creating vendor master data –> Define Account Groups with Screen Layout (Vendors) Transaction Code :- OBD3

Accounts Payable Configuration Steps

Step 2 :- Create number ranges for vendors account

SAP Path :- SPRO –> Financial accounting –> Accounts Receivable and Accounts Payable –> Vendor Accounts –> Master data –> Preparation for creating vendor master data –> Create number ranges for vendors account Transaction Code :- XKN1

Accounts Payable Configuration Steps

 Step 3 :- Assign Number Range to Vendor Account Groups

SAP Path :SPRO –> Financial accounting –> Accounts receivable and accounts payable –> Vendor Accounts –>Master data –> preparation for creating vendor master data –> Assign Number Range to Vendor Account Groups Transaction Code :- OBAS

Accounts Payable Configuration Steps

Step 4 :- Define tolerance group for vendors

SAP Path :SPRO –> Financial accounting –> Accounts receivable and accounts payable –> Business transactions –> Outgoing payments –> Manual outgoing payments –> Define Tolerances (Vendors) Transaction Code :- OBA3

Accounts Payable Configuration Steps

 Step 5 :- Creation of Vendor Master

SAP Path :- SAP Menu –> Accounting –> Financial Accounting –> Account payable –> Master Records –> Maintain Centrally –> Create  Transaction Code :- XK01

 Accounts Payable Configuration Steps

Step 6 :- Creation of GL as Reconciliation Accounts ( Sundry Creditors )

SAP Menu Path:- SAP Menu  –> Accounting –> Financial Accounting –> General Ledger –> Master Records –> Individual Processing  –> Create Centrally Transaction Code :- FS00

Accounts Payable Configuration Steps

Step 7 :-Document types and no. Ranges  ( KZ, KR, KA )

SAP Menu Path :– SPRO –> IMG –>Financial Accounting –>Financial Accounting Global Setting –>Document–>Document Number ranges –> Define Document Number Ranges Transaction Code :- FBN1

Accounts Payable Configuration Steps

Step 8 :- Vendor Payment Terms

SAP Menu Path:- IMG –> Financial Accounting –> Accounts Receivable & Accounts Payable –> Business Transactions –> Outgoing Invoices/Credit Memos –> Maintain Terms of Payment Transaction Code :- OBB8

Accounts Payable Configuration Steps

Step 9 :- Automatic Payment Program

Menu Path:– IMG –> Financial Accounting –> Accounts Receivable & Accounts Payable –> Business Transactions –> OutgoingPayments –> Automatic Outgoing Payments –> Payment method/Bank Selection for Payment program Transaction Code :- FBZP

Accounts Payable Configuration Steps

Step 10:- Define Alternative Reconciliation Accounts for Down payments.

IMG Path :- SPRO > IMG > Financial Accounting >  Accounts Receivable and Accounts Payable > Business transactions > Down payment made > Over payment/under payment >Define Alternative Reconciliation Accounts for Down payments.