From the course: SAP S/4 HANA Financial Accounting Overview

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Introduction to Accounts Payable

Introduction to Accounts Payable - SAP ERP Tutorial

From the course: SAP S/4 HANA Financial Accounting Overview

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Introduction to Accounts Payable

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- [Instructor] So now that you've understood the general ledger, let's now look at the first main sub-ledger, accounts payable, as a overview. In this lesson, you'll learn how to recognize the scope and function of accounts payable, or the AP sub component of financial accounting. We'll review some basic accounts payable processes in SAP, review the core master data for accounts payable, and understand common tasks performed in accounts payable and it's integration points, and review some common accounts payable reporting scenarios. So, in terms of our financial components, we've already covered the general ledger and it's main FICO components, we're now going to focus on this accounts payable, and this is an AP sub-ledger that's linked to the general ledger. So the main function of accounts payable is to manage and record transactions for supplier processes. So SAP will tend to use the word supplier and vendor interchangeably, so whenever you see supplier or vendor, it's the same…

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