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PAYMENT
2
VENDOR MASTER MAINTENANCE
Process Flow Map
Request for procure
Vendor selection
Raising order
Receiving of Goods
Receiving of invoice
Payment
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
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)

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Payment

  • 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)