SAP MM Training in Chandigarh

SAP MM (Materials Management) module consists of several components and sub-components. The widely used components are Master Data, Purchasing and Inventory.

These components have their sub components that are essential in specific business processes, and all of the processes are executed by using transactions. 

Any Transaction in SAP defines processing of certain information or any data in order to requirement of complete business process. Most of the business processes involve multiple SAP transactions to be accomplished and are spread over one, two or more modules.

 SAP MM Main Topics.

  SAP MM Introduction

  ERP navigation

  ERP enterprise structure

  Master data

  Procurement

  Inventory management

  Invoice verification

  Inventory valuation

 Key configurations

At CRUISECODERS SAP ERP Training Institute in Chandigarh is providing training on real time projects and software where students learn About SAP MM Introduction, SAP R/3 Architecture,ERP navigation, ERP enterprise structure,master data,procurement,inventory management,invoice verification,inventory valuation,key configurations on real time system and projects. CRUISECODERS SAP MM Training in Chandigarh has designed syllabus as per latest concept SAP MM that will help in placements.

Cruisecoders is a right place or institute for SAP MM (Material Management) Training  in Chandigarh. We are providing SAP MM syllabus based on current industry needs.

For enquiry and bookings call @ 91-8146782308,0172-5000750, Location: Chandigarh

Address: The Atlantic Business Centre 

SCO No: 364-365-366, Level 3, Sector 34 A, Chandigarh 160034.

cruisecoders@gmail.com

www.cruisecoders.com

SAP FINANCE: A Project on what Account Payable is all about?

A bit about Account Payable:

When a company/Organization buys a good on loan that is needed to pay back in short span of time is called as Account payable. Account Payable is known as a complete list and bookkeeping of a company’s accountability and credit owned because of the buying of good and services. Taking delivery of the products without paying their credit, buying goods on balance, is listed as Account payable.  While keeping correctly, the total balance should be equal to the amount of the outstanding vendor invoices received. The Account payable credit should be equal to the amount of the total of Unpaid Vendor Invoices.

How to Create Accounts Payable?

Accounts payable are listed in a company general ledger under the current liabilities section .The finance department credits accounts payable when the company receives an invoice or payable from a creditor and debits account when the bill owed the person is paid. In the account payable all sub ledger connected with main ledger. In the SAP system recorded double concept as in cashbook that account payable we can recorded all good and services properly which we payment and received of such purchased bill in the account.

Important data in the account payable:

§  Account group=account groups is defines the set up when we creating a g/l account in thecompany code and chart of account. We can use g/l account in the chart of account area, we must specify an account group .The Account group is using we can created the g/l account according to functional area. The cord of account group is (OBD3).

§   NUMBER RANGE=number range is unique number id created for an sap object belongs .the cord to Rate the number range is (XKNI)

§  ASSIGN=we can assign the number range to vendor account. The cord of assign is (OBAS)

§  Change the vendor=the change the vendor if we want the we can use the t, code(xk02)

§  The display the vendor=in the sap display the vendor the t,code is used is (xk03)

Why account payable is important for the company?

Tracking the accounts payable of a business is important in order to keep the finances of the business well accounted and prevent a bookkeeping nightmare. Accounts payable generally have a deadline; failure to keep to the same would cause negative outcome.

A company’s accounts payable should be well tracked and paid for the following reasons:

§  Avoiding Late Payment Fees and Fines Due To Breach of Payment Terms

§  Ensuring Continued Business Relationship with Creditors

§  Improving Credit Score

§  Avoiding Financial Fraud

§  Avoiding Overpayment

The key to high efficiency is the right AP software. The right AP software provides automated invoice processing, which we will discuss in more detail momentarily. The right AP software also automates the approval workflow.

Managing your Accounts Payable efficiently and responsibly is great for your bottom line. Who knew that paying bills could feel so good!

For enquiry and bookings call @ 91-8146782308,0172-5000750, Location: Chandigarh

Address: The Atlantic Business Centre 

SCO No: 364-365-366, Level 3, Sector 34 A, Chandigarh 160034.

cruisecoders@gmail.com

www.cruisecoders.com