March 2018
Beginner
562 pages
11h 42m
English
book
Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition
by Mohamed Aamer Ala El Din
Content preview from Microsoft Dynamics 365 Enterprise Edition - Financial Management - Third Edition
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Procure-to-pay
The procure-to-pay cycle links the following business functions that are accountable for company expenditure:
- Procurement
- Purchasing
- Warehousing Product Reception
- Financial
- Accounts payable
- Bank management
The procure-to-pay cycle manages and controls the business processes of procuring the needed materials, receiving them, and paying to the vendor. There are specific documents to handle these business processes.
Financial transactions related to this cycle are product receipts, vendor invoices, payments, and settlements. The other documents relate to operations activities.