ManualDoc:APRMBusinessFlow
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Contents |
Introduction
Accounts Payable and Receivable Management business flow manages customer collections and supplier payments and it is primarly executed within the
Openbravo Financial Management // Receivables & Payables application area.
Due to the different nature of the payments it is convenient to split it into two main sub-processes:
- Supplier Payments - this process allows managing payable accounts by making the corresponding payments or by generating a payment proposal.
- Customer Collections - this process allows managing receivable accounts by receiving the corresponding collections.
Payments received are recorded as a "Deposit" transactions in the financial account used.
Deposits can be later on either manually reconcile or automatically reconcile, once a bank statement has been imported.
Supplier Payments
The abstract "Supplier Payments" business process is referred in the following diagram as "Make Payment" and and can be summarized in the steps listed below:
- Search and find the supplier invoice/s to pay
- Make the payment out
- Register the withdrawal transaction in the Financial Account used
- Manually or automatically reconcile the withdrawal
(to be modified)
Roles Involved
The following roles are involved within this process:
- Finance role is in charge of managing payables accounts.
Customer Collections
The abstract "Customer Collections" business process is defined by the following diagram, which can be summarized in the steps listed below:
- Search and find the customer invoice/s to collect
- Receive the payment in
- Register the deposit transaction in the Financial Account used
- Manually or automatically reconcile the deposit
(to be modified)
Roles Involved
The following roles are involved within this process:
- Finance role is in charge of managing receivable accounts.
Relationship with other Business Flows
"Accounts Receivable and Payables" business flow is fully integrated with below listed business flows:
Procure To Pay
As the purchase invoices pending to be paid are booked in the procurement management business area. Those open invoices contain key data to be taken into account while managing their payment.
Order to Collect
Due to the fact that the sales invoices pending to be collected are issued in the sales management business area. Those open invoices contain key data to be taken into account while managing their collection.
Period End Close to Financial Report
Because the finance department must have up to date and reliable data about accounts receivable and payable as its disposal.
Please follow Receivables & Payables application area to understand how Accounts Receivable and Payables business flow is executed in Openbravo.