Accounts

Payable is an important sub-module within FI and it is inevitable to come across its effect whether you are trying to

configure MM or CO or PP. So I am providing these brief notes that can be used to configure AP.

Accounts

Payable

AP is a subledger with strong integration with MM, AR, and reasury Module.

House

Banks

First Step: We first create House Banks. These are the banks for your clients. Your client uses

these for its banking transactions. One House Bank can have multiple bank accounts assigned to it.

I just came across this

from an Indian newspaper. I never thought that Indian companies will be adopting to ERP packages with such a gusto! But

then with the growth in economy and business taking place at such a great pace it is probably necessary!
However, I

thought that an open source ERP like Compiere would be more suited for the country.Â

However, I dont see that happen in India much! If you look at the partners of Compiere - you will find that there is none from India!