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Accounts Payable in SAP

This video by Uplatz provides brief overview of SAP Accounts Payable.

Accounts payable (AP) represents an organization's obligation to pay off a short-term debt to its creditors and/or suppliers. It is an accounting entry that appears on the balance sheet under the current liabilities.
Accounts Payable (AP) is an important application of SAP FICO module that helps to record and manage accounting data of all vendors. In SAP, sundry creditors are called accounts payables and sundry debtors are called accounts receivable.
SAP Accounts payable accounting is also called as sub-ledger accounting, as the business transactions are carried out individually in the vendor accounts. All the transactions that are processed in accounts payable are recorded directly in the general ledger account. The real time updating will be done through the settings made in general ledger master while creation of account. The settings are done by choosing vendors for reconciliation account for account type. Every postings that is done in accounts payable generates a respective posting to a assigned general ledger account and ensures that the sub ledgers are always reconciled with the general ledger.
SAP FI accounts payable can be integrated with SAP FI–GL (General Ledger), FI-AA (Asset Accounting), SAP MM (Materials Management), etc. The deliveries and invoices are managed according to the vendors.
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