What is the P2P Process in SAP ?
The P2P cycle is the process of qcquiring goods or services from external vendors, receiving them, verifying them and processing vendor payments. It integrates MM and FI modules.
- P2P is the process of procuring goods/services and making payments to vendors. It starts with a purchase requisition and ends with payment settlement. It includes steps like PR, PO, GR, IR and Payment.
What are Key Steps in P2P cycle ?
Purchase requisition (Optional) - ME51N
Purchase order Creation - ME21N (Manage Purchase Orders)
Goods Receipt - MIGO (Post Goods Receipt)
Invoice Receipt - MIRO(Create Supplier Invoice)
Payment to Vendor - F110 (App. Manage Automatic Payment)
What is the accounting entry at the time of goods receipt in SAP S/4HANA ?
Dr Inventory A/C
Cr GR/IR Clearing A/C
Note - No Vendor accounting entry is posted at this stage.
What are the common T-codes used in P2P ?
ME21N - Create Purchase Order
MIGO - Goods Receipt
MIRO - Invoice Receipt
F110 - Automatic Payment Run
F-53 - Manual Payment
How is GST handled in the P2P cycle in india ?
GST is configured using tax procedures (TAXINN). During Invoice posting (MIRO), input GST is automatically calculated based on tax codes.
What master data is involved in P2P ?
ME51N - Create Purchase Requisition
ME54N - Approve Purchase Requisition
ME21N - Create Purchase Order
ME28 - Approve Purchase Order
MIGO - Post Goods Receipt
MIRO - Post Invoice
FBL1N - Display Vendor Line Item
F-44 - Clear Vendor Account
F-53 - Manual Payment Processing
F110 - Automatic Payment Run
