Is Procure To Pay same as Accounts Payable

What is the difference between Accounts Payable and P2P (Procure To Pay)
Video ID: CC01.
Telegram Link: t.me/FNACOE
Whatsapp Number - [phone]
Copyright
The content and works published on this channel is governed by the copyright laws of India. Any duplication, processing, distribution or any form of utilization beyond the scope of copyright law and fair use shall require the prior written consent of our institute.

[@anandaingale3986]

Very well explained. Even someone who doesn't have finance background can now understand clearly the end to end P2P process, roles involved and the Accounts Payable part of P2P workflow. Really helpful video.

[@terrycrews1760]

Very helpful! I work for a bank but most of my clients are Accounting teams. They come to me on the commercial banking side to explore the tools and services we have available to maximize efficiency within the accounts payable process whether that’s different system solutions we have or separate products such as check, ACH, wire and CC. I never fully understood the relationship between Procurement and AP but this helped me gain better insight into the process and differences of the 2. Understanding this helps me to better serve our clients. More videos like this please!

[@malllikasv7864]

This video is very good and also we are expecting more videos regarding Accounts, GST and TDS filling.

[@syedasgar4253]

Well done sir ji.. A very good video.. Different from others..

[@zafronkitchen5008]

Very helpful video. Thanks Sir 🙏

[@BalaMurugan-cr8bn]

Thank you for your video and it's clear now 🙏😊

[@renukeshabelludi6824]

Thank you very much for explaining basis concept P2P and Accounts payable.

[@anuraguppal8730]

Great high level explanation on P2P process. In addition, the accounts payable and Invoice to pay process is also well explained. Love the simplicity of the video (crisp & simple). Great job. Would you have a similar video on O2C (Order to Cash)?

[@pubgstudio8438]

It's really help me to find my actual roll in my Company

[@nikitashirsat2938]

I m glad I found ur channel 😊 very helpful..thank you!

[@sAhilkhAn-hx2ur]

Hi

[@Peerwazifaofficial]

Thank you sir ❤️ for this video

[@swatianeja6922]

Great explanation 👍 thank you

[@sumitkherwal4445]

Nice explanation sir

[@ganeshkokkiligadda2043]

Really nice video 👍

[@petraklicova46]

Great explanation😊

[@anujkumardogra]

Thanks for the video 🙂

[@sivagangadhararaokoya7714]

Good explanation

[@robertmusilli7658]

great

[@khawlahamzah6557]

It is very good video

[@AshutoshKumar-kg9cp]

Thanku so much sir

[@maheshn.kharvi2077]

Thank you...

[@RakeshSharma-yd8hk]

Thanks a lot

[@funmasti29]

Sir, plz make more indepth videos on Supply relationship management, category management, and all functions of P2P. And increase the time duration of the video

[@vr1446]

informative

[@DG-lf4ys]

Excellent explanation. I always thought I was a Procurement Analyst but I never managed Purchase Order, vendor contract or setup, requisition... My real function is in Accounts Payable posting, making reconciliation, processing payments... Thank you for the explanation. Super insightful.

[@FnASkills]

Glad it was helpful!

[@funmasti29]

Sir, there is jo video on Validations team's role in invoice to pay. Please make one dedicated 🙏 video

[@shaik2323]

Could you please explain details retention process and retention entry also it's helpful to me

[@biswajitpradhan5307]

Sir , basically P2P is wider role the AP right and What's the difference b/w P2P and O2C? I got job offer for P2P role and earlier I had worked as a process associate AP role for 6 Months So, is it okay to go with P2P role?

[@imranHossain-fl3io]

Purchase is an procurement function.

[@arunapatil4569]

Very well explained....very useful

[@sathishb.t7540]

Please make the slides explanations bit slow..

[@nastyboyneeraj]

Very well explained sir Ap is just a part of P2P process. Before that all is the work mostly done by the Purchase department. Make video on different accounting entries also

[@Sivagtalkstax]

Ur video is not visible.

[@ridermanoj1870]

Superb Sir 👍🏻👍🏻

[@kunal5277]

Very nice Thanks

[@elegantgraphy]

Hey can u suggest me. I have 2 job option p2p n O2c. Which should I choose ??

[@FnASkills]

Depends where your expertise is but I will suggest you start with Accounts Payable , work in this domain for 2- 3 years and then shift to O2C. 1st 3-4 years you should build excellent grip on both AP and AR to move up in the career value chain. After 4 years of career in AP and AR you can then move to R2R process

[@pranavpendse8611]

@@FnASkills I had experience of RTR for 10 months, but due to health issues I quit. Can I get job in PTP?

[@sandeepdodda2890]

Preparation of PO and GRN comes under P2P or AP ?

[@gurubhuvanagiri722]

It's P2P bro. Later AP team will use this PO for validation purpose.

[@nastyboyneeraj]

Po preparation and grn comes under p2p. Ap dept job is to process the invoice after three way match and checking the signature of various authorised personnel and then realase the payment after deduction of tds in case of services