Lab: full procure-to-pay

Ninety minutes, and it proves the last three modules at once. Eight deliverables: Payables options configured for all business units; two custom payment terms, one with instalments and one with a discount; three suppliers, one of them with multiple sites assigned to different business units; electronic and cheque payment methods, profiles and documents, assigned to the bank accounts you built earlier; a two-tier approval workflow; the full cycle executed — invoice, validate, approve, account, pay, account; one credit memo and one prepayment processed; and evidence, meaning both journals, the payment file, and the clearing account balance. Five acceptance criteria: tax calculates correctly on the invoice, which proves the tax module; approval routes to the correct approver by amount; the payment file generates; the cash clearing account shows the expected balance, which proves the cash management module; and the credit memo correctly offsets. Two of those five are not about Payables…

In this module: Module 8 · Payables and Payments

1. 1The procure-to-pay picture
2. 2Common options and invoice options
3. 3Payment terms and distribution sets
4. 4The supplier model
5. 5Creating suppliersFree preview
6. 6The payments engine
7. 7Payment methods, profiles, documents
8. 8Invoice approval workflow
9. 9End to end: invoice to payment to accounting
10. 10What breaks
11. 11Lab: full procure-to-pay