
Accounts Payable (J60)
With Accounts Payable, you manage your open payable invoices that are automatically created from purchasing processes.
You manage and control open items with various analytical tools. You plan future payables and analyze the outcome of payments, such as utilization of cash discounts and days payables outstanding.
Process your outstanding payables automatically and monitor payment progress. Optionally, you can also include a two-step approval for all outgoing payments.
Connect to SAP Multi-Bank Connectivity (MBC) to simplify the connectivity to the banks for payments and bank statements. Alternatively, you can also download generated payment files.
For countries/regions where this is relevant, you can also print checks.
Key Process Steps Covered
- Manage and complete supplier master data
- Create invoice from logistics
- Analyze outstanding payables
- Pay invoice
- Approve payments (optional)
- Forward payments to banks via SAP Multi-Bank Connectivity (MBC) or download payment file
- Analyze efficiency of payment processing
Benefits
- Integrate accounts payable into procurement
- Record accounts payable posting directly in the general ledger
- Payment program can automatically create instructions for bank transfers
- Payment approval can be used for workflow
- Use simple and secure connectivity for transacting with multiple financial institutes or download the payment instruction file for further manual processing
- Analyze the efficiency of your payment processing
Where is Accounts Payable(J60) being used?
This Scope item is used in the following way:
- As a support function of Financial Operations within Finance Scope Item Group
No Process Flow details available for scope item Accounts Payable(J60)-s4hc-2111
Ref: Finance of SAP S4HC-2111
Best Practices related to S/4HANA
- Best Practices of SAP S/4HANA On Premise *1
- Best Practices of SAP S/4HANA Cloud *2
- Best Practices of SAP Analytics Cloud *2
- Best Practices of Robotics Process Automation(RPA) with SAP Leonardo *2
*2) The Quarterly updates are released per Februari, May, August and November
Details of future releases can be found in the SAP Roadmap section of each product. Go to SAP Roadmap Product Finder.
Knowledge Center Scheer Nederland | The Process Experts Visit also the SAP Cloud ERP knowledge center of Scheer Netherlands. The following topics are covered: