Streamline finance processes across departments
- Economics 6 0 65 – Invoicing And Double Entry Bookkeeping Solutions
- Economics 6 0 65 – Invoicing And Double Entry Bookkeeping Examples
- Economics 6 0 65 – Invoicing And Double Entry Bookkeeping Software
- Economics 6 0 65 – Invoicing And Double Entry Bookkeeping Tutorial
OpenText Vendor Invoice Management for SAP Solutions overview
OpenText™ Vendor Invoice Management for SAP® Solutions is an industry leading invoice management and processing solution. An integral part of SAP, Vendor Invoice Management for SAP® Solutions includes pre-configured rules, roles and actions to fully automate invoice receipt and posting. Vendor Invoice Management for SAP® Solutions goes beyond finance to cover order confirmations, delivery notes, sales orders and remittance.
What is an SAP automation solution?
An invoice automation solution that is fully embedded into SAP helps companies optimize end-to-end information processing inside SAP. SAP automation solutions also cover all other document-centric SAP processes, including sales order, quotation, delivery note, order confirmation, remittance advice processing. The best invoice automation solutions for SAP are integrated into the system of record, taking advantage of the high security standards, providing data privacy and end-to-end workflows.
- Accounting Quizzes from Double Entry Bookkeeping. Do you know your debits from your credits? Why not try an accounting quiz and test your knowledge of bookkeeping and accounting here. If you wish to take an accounting quiz please do so by first choosing a quiz from the Popular Quiz list below.
- Note: Double-entry bookkeeping means that every transaction will involve a minimum of two accounts. Debits and Credits. The words debit and credit have been associated with double-entry bookkeeping and accounting for more than 500 years. Here are the meanings of those words: debit: an entry on the left side of an account. Credit: an entry on.
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OpenText Vendor Invoice Management for SAP Solutions features
Out of the box scenarios
Includes pre-configured processing for SAP related documents, such as sales orders, remittance advices, delivery notes and invoices based on industry best practices.Machine learning and AI
Enables automation by using AI to simplify tasks, such as invoice approvals as well as machine learning to intelligently minimize data entry and user actions.Pre-configured rules, roles and actions
Optimizes and automates processing of most common invoice flows, with country specific rules and checks that are easy to extend and enhance.Automation and collaboration
Automatically classifies and routes exceptions and related documents to the right person for resolution, approval, payment or any further action.Direct access to all information
Enables stakeholders involved in any dispute to quickly and efficiently access relevant information using any device via native and SAP Fiori® user interfaces.ECM integration
Seamlessly integrates with OpenText information management solutions for SAP, including OpenText™ Extended ECM for SAP and OpenText™ Core Archive for SAP Solutions.
OpenText Vendor Invoice Management for SAP Solutions benefits
Accelerate operations
Streamline document-centric processes throughout the enterprise, including low volume scenarios where automation creates high value returns.Boost productivity and revenue
Intelligently prioritize invoices and customer orders and automate routing, approval and payment processes, leading to better terms.Promote compliance and prevent fraud
Adhere to pre-configured rules, roles, actions and industry best practices to ensure customers stay compliant at every stage of the process.Profit from out of the box approach
Benefit from pre-configured solutions avaailble for most common SAP document types, such as invioces, sales orders and delivery notes.
OpenText Vendor Invoice Management for SAP Solutions additional services
Customer success stories
Listen to customers
Discover the value customers have gained from OpenText solutions and access key assets, such as ROI calculators and Forrester TEI.
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Hi,
Introduction
This will explain the step by step flow of Standard Shipment Process .
The process includes the below activities.
1. Creation of Sales Order
2. Creation of Outbound Delivery
Shipment process will start form here
3. Creation of Condition Record for Forwarding Agent,
4. Creation of Shipment Document,
5. Creation of Shipment Cost Document,
A) PO and service entry sheet will be created automatically by the system.
6. Enter Vendor’s Invoice (Invoice receipt and verification).
1. Creation of Sales Order
SAP Easy Access> Logistics> Sales and Distribution> Sales> Order> Create (VA01).Example sales order-50000001.
(Note-Route should determine in the sales order)
2. Creation of Outbound Delivery
SAP Easy Access> Logistics> Sales and Distribution> Shipping and Transportation> Outbound Delivery> Create (VL01N).Example- outbound delivery-25000208.
Shipment process start from below process
3. Creation of Condition Record for Forwarding Agent
SAP Easy Access> Logistics> Logistics Execution> Master Data> Transportation> Shipment Costs> Prices> Create (TK11).
Enter the condition type ZFB0 (Copied from FB00 standard)
Click Enter
Economics 6 0 65 – Invoicing And Double Entry Bookkeeping Solutions
Enter Service Agent, Amount, and Unit and Save It.
4. Creation of Shipment Document
SAP Easy Access> Logistics> Logistics Execution> Master Data> Transportation> Shipment Costs> Prices> Create (VT01N)
(Note- Shipment document we can create with reference to outbound delivery before PGI or after PGI)
But here I am creating shipment document after PGI
Enter Transportation planning Point: XXXX
Shipment Type: 0001 or 0002
Click Deliveries as shown below
Enter the shipping point, Ship to Party,
Total gds mvt stat.: C
Trns.plan.status: A
Click
The deliveries can be selected using the selection criteria based on shipping point, Route, Delivery numbers and many more.
Only the deliveries (can be for different ship to party) with the same route can be selected in a single delivery.
On the overview screen the different planning / check in / loading timings can be captured.
Webbla 1 6 5 – a visual bookmark manager. Enter the Forwarding Agent, check all the activities & shipment cost information like below
Shipment cost Information,
Save the shipment document.
Economics 6 0 65 – Invoicing And Double Entry Bookkeeping Examples
5. Creation of Shipment Cost Document
SAP Easy Access> Logistics>Logistics Execution> Transportation> Shipment Costs> Create (VI01).
Enter Shipment number and Ship. Cost type
Shipment cost document is created with reference to the shipment document.
Carry out the account assignment manually.
Check the transfer cost and Save the shipment cost document as shown below
For information,
Outbound delivery total weight: 346.800
We have maintained condition record for forwarding agent (860007) 20Rs Per KG
Net Value: 6936.
6. Display Shipment Cost Document
SAP Easy Access> Logistics> Logistics Execution> Transportation> Shipment Costs> Display (VI03).
If we double click on PO, automatic PO can be display,
Here we can find automatic service entry sheet for automatic PO.
7. Enter Vendor’s Invoice( Invoice Receipt and Verification)
Logistics Execution> Transportation> Shipment Costs> Freight Invoice Check> Logistics Invoice Verification> Document Entry >Enter Invoice (MIRO).
Enter Invoice Date, Service Entry Sheet and Amount
Enter Baseline Date, and Save it.
8. Display Document Flow
SAP Easy Access> Logistics>Logistics Execution> Transportation> Shipment Costs> Display (VI03).
Select the service entry sheet (5000000095) click .
Accounts shown below are the same which are defined in customization.
Economics 6 0 65 – Invoicing And Double Entry Bookkeeping Software
Hope it helps to every one.
Best Regards,
Economics 6 0 65 – Invoicing And Double Entry Bookkeeping Tutorial
Shankar H L.