What's is AP, P2P CYCLE?

Question

Accepted Answer

AP, P2P CYCLE refers to the accounts payable and procure-to-pay cycle in financial management.

AP stands for Accounts Payable, which is a department responsible for managing and processing payments to vendors and suppliers.
P2P stands for Procure-to-Pay, which is the process of purchasing goods or services from suppliers and paying for them.
The AP, P2P cycle involves various steps such as invoice processing, purchase order creation, goods receipt, vendor payment, and reconciliation.
The cycle starts with the creation of a purchase order, followed by the receipt of goods or services, and ends with the payment to the vendor.
Efficient management of the AP, P2P cycle is crucial for maintaining good vendor relationships, ensuring timely payments, and controlling expenses.

Accepted Answer

Money payed by owned company to his creditors called AP. P2P cycle is a procedure of payment like. Indent for material, get quotation, make purchase order, Migo, Miro, Payment, and last Report to Management.

Accepted Answer

The money, company owned to pay to his creditors called AP. 
P2P Cycle refers to procure to pay
1.Purchase requisition
2.Create quotation
3.Purchase order
4.Migo 
5.Miro
6.Payment
7.Report to management

What's is AP, P2P CYCLE?

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