answersLogoWhite

0

There are several steps involved in a Procure to Pay cycle. First an item is requisitioned, and a purchase order created. Once the item has been received a receipt must be created. The next step is to generate a customer invoice which should then be paid, the item may then be sent on to the original customer.

User Avatar

Wiki User

12y ago

What else can I help you with?

Continue Learning about Natural Sciences

Which stages of the cell cycle generally reqire about the same amount of time in all human cells?

study, pay attention


What factors affect operationg cycle?

The main factors that affect the operating cycle of a company include the efficiency of its inventory management, the speed at which it collects accounts receivable, and the time it takes to pay its accounts payable. These factors directly impact how quickly a company can convert its investments in inventory and accounts receivable back into cash.


What is the last step in the business operating cycle?

The last step in the business operating cycle is the collection of cash from accounts receivable. After a business sells its products or services and recognizes revenue, it typically extends credit to customers, leading to accounts receivable. Once customers pay their invoices, the cash is collected, completing the cycle and allowing the business to reinvest in operations or cover expenses. This step is crucial for maintaining liquidity and ensuring ongoing business viability.


How many months do you pay water rates to northumbria water?

Typically, Northumbria Water customers pay water rates on a monthly basis throughout the year. However, the specific billing cycle can vary depending on the customer's payment plan. Customers can choose to pay monthly, quarterly, or annually, depending on their preference. For the most accurate information, it's best to check directly with Northumbria Water or refer to your billing statement.


What does CI DIP and pay mean?

CI Dip Pay

Related Questions

P to p in oracle 11i?

Procure to pay


What are synonyms for buy?

purchase, get, pay for, obtain, acquire, shop for, procure


What is involved in a SAP MM course module?

The SAP MM course module is designed to certify someone in the Procure to Pay process. This includes skills and resources for inventory management, invoicing, planning and purchasing.


What are the essential steps involved in designing a remuneration plan?

1. Job Analysis 2. Job Documentation 3. Job Hierarchy 4. Pay Survey 5. Pricing Jobs


How did the countries involved in the war pay for it?

Countries pay for weapons and pay the army


Do I pay for a dna test when there’s a court order is involved?

Do I pay for a dna test when there’s a court order is involved?


If you pay off the balance do you have to pay interest?

No, if you completely pay off your credit card before the next billing cycle, you dont have to pay any interest. Check with your credit card company to see what their billing cycle is


Do you have to pay to get married on the steps of the Philadelphia Museum of Art?

You may not have to pay to get married on the steps of the Philadelphia Museum but if the request is granted you can offer to make a donation.


What steps are involved with debt consolidation help?

Debt consolidation is performed by a professional to help an individual pay off their debt. You can take out a loan to reduce interest rates on credit cards or other loans that you have out.


How is the cash conversion cycle calculated and what factors are involved in determining its value?

The cash conversion cycle is calculated by adding the days inventory outstanding (DIO) to the days sales outstanding (DSO) and then subtracting the days payables outstanding (DPO). Factors involved in determining its value include how quickly a company can sell its inventory, how long it takes to collect payments from customers, and how long it takes to pay suppliers. A shorter cash conversion cycle indicates better efficiency in managing cash flow.


How can I learn how to pay for an LLC?

To learn how to pay for an LLC, you can consult with a business advisor or accountant who can guide you on the necessary steps and processes involved in setting up and managing the financial aspects of your LLC. Additionally, you can research online resources and attend workshops or seminars that focus on small business finance and management.


How are a person involved in the game of economics?

pay taxes