on 06-02-2015 1:14 PM
What can be the possible process we adopted to implement the online purchasing through e commerce websites using the credit card integrated with P2P cycle in this process. what is the accounting configuration required to achive this process.
Please Help...
Hello Ankur,
Are you talking about the sales process or the purchase process? Because this sounds little different then that you have this process in purchase.
If it is a purchase process than explain the execution process at business level.
Thanks
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Ask basic questions, How many employees are using credit cards ? What is total spend per month ?
If per month spend is too much think considering Abriba or SRM implementation .. Easy way.. Make limit that amount exceed certain amount have a purchase order created by user .. No GR but Invoice need to be posted . post the General Voucher at end of the month directly in FI.
other way when statement comes.. create the PO for credit card company and clear payment on monthly basis.
See what is business utilization and overall advantage.
I am looking to implement a similar process. From my research it would appear that SAP Business One offers the possibility to record credit cards in vendor invoices, normal SAP ERP does not.
We use corporate purchasing cards, which are company-paid. Card holders complete an expense report in the bank's portal and code the transactions to GL accounts and cost centers. We upload these transactions into SAP against the vendor master for the bank which issued the payment cards. This works OK, but the expense is not recorded against the actual vendor, nor is it possible for us to track spending against a purchase order. This makes reporting difficult; particularly with respect to 1099 vendors.
So this is what I am proposing in my environment, I welcome comments on it:
As you can see with this proposed scenario, there is no need for manual journal entry. Again, I welcome feedback on this process.
I achived this using the down payment method,... through this method you can pay to the vendor after creating the purchase order, then u made advance payment, after when the material actually arrives to your plant location then u do the Goods Reciepts and invoice reciecpt, while invoice reciept you can clear the down payment.
According to me this is the best process.
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