2. 2
VENDOR MASTER MAINTENANCE
Process Flow Map
Request for procure
Vendor selection
Raising order
Receiving of Goods
Receiving of invoice
Payment
3. 3
PAYMENT
Once an invoice is approved it will be paid to vendor on due date
All the payments are done by the treasury team of the company
Vendor will be notified for the payment made by sending a notification of payment,
generally called a remittance advice
4. 4
IMPACT OF P2P
Payment
Capital
Nature
Increase in
Assets (New
Assets)
Increase in
Liabilities
(Loans)
Decrease in
Assets
(Bank/
Cash)
Revenue
Nature
Increase in
Expenses
(purchase
of goods)
Increase in
Liabilities
(Creditors)
Decrease in
Assets
(Bank/
Cash)
