P2P Cycle with Accounting Entries

		PROCURE TO PAY
SR.NO	PARTICULARS	DR	CR	SPL NOTES	ACCOUNT IS PULLED FROM	SPECIFIC
1	Creation of Requisition
	No Accounting
2	Creation of Purchase Order
	No Accounting
3	Receipt
	Receiving A/c	100		At PO Price	Receiving Option Setup	ORG
	AP Accrual A/c		100	At PO Price	Inventory Org Setup	ORG
4	Devlivery
	Raw Material Sub Inventory A/c	80		At Standard Cost	Sub-inventory Material A/c Setup	SUB-INV
	PPV A/c	20		Diff between PO - Stnd	Inventory Org Setup	ORG
	Receiving A/c		100	At PO Price	Receiving Option Setup	ORG
5	Invoice matching with PO
	AP Accrual Liability A/c	100		At PO Price	Receiving Option Setup	ORG
	Invoice Price Variance A/c	10		Diff between Invoice - PO	Inventory Org Setup	ORG
	AP Liability A/c		110	AT INV Price	Financial Options/Supplier Site
6	On making Payment
	Liability A/c	110		At Invoice Price	Financial Options/Supplier Site
	Cash		110	At Invoice Price	Bank A/c Setup

 If we have reconcilation with Cash Management then we have one more entry as follows:
Step 6:
  Dr Liability A/C
  Cr . Cash Clearing A/c ( Receipt Method)

Step 7:
  DR Cash Clearing A/C
  CR Cash