What is accounts payable in sap

Question

Accepted Answer

Accounts Payable in SAP is a module that manages the company's outstanding invoices and payments to vendors.

Accounts Payable is a subledger in SAP that tracks and manages the company's liabilities to vendors.
It includes functionalities such as invoice processing, payment processing, and vendor master data management.
The module allows for the recording and tracking of vendor invoices, credit memos, and payments.
It provides features like automatic payment runs, payment terms management, and aging analysis of outstanding invoices.
Accounts Payable integrates with other SAP modules like General Ledger and Materials Management.
Example: When a company receives an invoice from a vendor, it is recorded in the Accounts Payable module for payment processing.

Accepted Answer

SAP contains records of all the data you need to manage your vendors

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