What is the Purchase to Pay process, and what steps did you take during your P2P audit process?

Question

Accepted Answer

Purchase to pay process is the cycle of activities from procurement to payment of goods or services.

Procurement of goods or services
Receiving and verifying the goods or services
Matching the invoice with the purchase order and goods receipt
Approval of the invoice
Payment to the supplier
Recording the transaction in the accounting system
Periodic review of the process for improvement
Example: A company orders office supplies, receives them, matches the invoice with the purchase order and goods receipt, approves the invoice, pays the supplier, and records the transaction in the accounting system.

Accepted Answer

Kisi person ko kis chij ki jarurat h 
Uski kmi puri kre 
Vastu uplabdh kraye
Vastu ka price bataye
Vastu ko final kre
Delivery ke liye beje
Selling price ka MRP or cost price se match kre

Accepted Answer

Purchase to pay is an integrated system that fully automates the good and services purchasing process for a business  the system earned its name bcoz it handled all aspects of acquisition from the purchase of goods to the payment of vendor.