How to complete Procure to Pay (P2P) in NetSuite ERP. Step 1: Create Vendor Step 2: Create Item based on inventory and non-inventory Step 3: Create Requisition with Vendor and Item Step 4: Purchase order is created automatically based on Requisition Step 5: Create Receipt for purchase order Step 6: Create Invoice for a particular receipt Step 7: Make payment for a particular invoice Step 8: GL IMPACT Subscribe for more NetSuite insights:https://info.ennvee.com/email-latest-blog-posts

1. NetSuite
Procure to Pay
in 8 Steps
How to complete Procure to Pay (P2P) in NetSuite ERP

2. 1. Create Vendor
2. Create Item based on inventory and non-inventory
3. Create Requisition with Vendor and Item
4. Purchase order is created automatically based on
Requisition
5. Create Receipt for purchase order
6. Create Invoice for a particular receipt
7. Make payment for a particular invoice
8. GL IMPACT
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STEPS FOR P2P IN NETSUITE

3. Before starting Procure to Pay,
we need to create a Vendor and Item

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Step 1: Create a Vendor
In the Vendor form, Company Name is mandatory.
The remaining fields contain information about the Vendor.
Create a Vendor:
LISTS > RELATIONSHIP > VENDOR > NEW

5. Step 2: Create an item based on inventory and
non-inventory
The following fields are mandatory in the item form:
• Item Name / Number
• Vendor
• Tax Schedule
The remaining fields contain information about the item.
If you select Vendor in the item form, the vendor name will
be displayed automatically in the vendor field whenever
you choose an item in requisition.
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Step 2: Create an item based on inventory and
non-inventory
Create an Item:
LISTS > ACCOUNTING > ITEMS > NEW > NON-INVENTORY > PURCHASE

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Step 2: Create an item based on inventory and
non-inventory
In the item form, Item Name / Number, Vendor, and Tax Schedule are
mandatory fields. The remaining fields contain information about the item.
Item Name / Number Vendor
Tax Schedule

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Step 2: Create an item based on inventory and
non-inventory
If you select Vendor in the item form, the vendor name will be displayed
automatically in the vendor field whenever you choose an item in requisition.

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Step 3:
Create a Requisition with a vendor and item
What is a Requisition?
In procurement, a Requisition is a request for
goods or services made by an employee to the
person or department in a company that is
responsible for purchasing.

10. Create a Requisition:
TRANSACTION > PURCHASES > ENTER REQUISITION > NEW
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Step 3:
Create a Requisition with a vendor and item

11. In the Requisition form, Requestor, Date, Department, and Item are
mandatory fields. The remaining contain information on the Requisition.
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Step 3:
Create a Requisition with a vendor and item
REQUESTOR
DATE
DEPARTMENT
ITEM

12. After submitting the Requisition, the Requisition order
will be pending.
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Step 3:
Create a Requisition with a vendor and item

13. An order requisition needs to be created for the particular
requisition.
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Step 3:
Create a Requisition with a vendor and item

14. Once submitted, the purchase order will be processed.
Click OK.
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Step 3:
Create a Requisition with a vendor and item
The status will change from Not Started to Started.

15. Purchase Order:
TRANSACTIONS > PURCHASE > ENTER PURCHASE ORDER > LIST
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Step 4: The purchase order will be created
automatically based on the Requisition

16. Click Edit on the purchase order to automatically
populate the field with information.
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Step 4: The purchase order will be created
automatically based on the Requisition

17. The purchase order will be waiting for pending receipt.
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Step 4: The purchase order will be created
automatically based on the Requisition

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Step 5: Create Receipt for the Purchase Order

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Step 6: Create Invoice for a particular order
Bill

20. If submitted, the payment will be processed to a
particular vendor.
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Step 7: Make payment for a particular Invoice
Bill Payment

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Step 8: GL IMPACT
What is GL?
GL is short for General Ledger. It provides highly
automated financial processing and maintains
accounting.

22. BILL PAYMENT > ACTIONS > GL IMPACT
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Step 8: GL IMPACT
1: Go to BILL PAYMENT 2: ACTIONS 3: Select the GL IMPACT dropdown

23. The status of the process will be received in GL Impact.
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Step 8: GL Impact

24. Procure to Pay is complete!

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