Tag: AP

Invoices with 3-Way Match in SAP MM-LIV (Part 2)

In part one of our three part series, we explored the business process and it’s execution in SAP for three way match. In this second part, we’ll work through one way of managing variances for logistics invoices. There are two core approaches that can be used for managing variances. In this article, we’ll use the […]

Invoices with 3-Way Match in SAP MM-LIV (Part 1)

One challenge often faced in accounts payable is how to handle variances in the three way match when posting invoices. SAP has a very robust process for ensuring that invoices are matched against the PO and GR. In this three part series, first, we’ll review the business process and how SAP enables it. Second, we’ll […]

Performing GL Conversions Correctly (part II)

In my previous post, I discussed the basic process for performing GL conversion. In this post, we’ll turn it up a notch and explore the basic journal entry flow as well as examine a few cases of how to handle subledger accounts such as the AP and AR reconciliation accounts. Journal Entry Flow One of the defining features […]