Which module in SAP FI manages vendor invoices and payments?

The module that manages vendor invoices and payments in SAP Financial Accounting is Accounts Payable. This module is specifically designed to handle all transactions related to vendors and suppliers, such as processing invoices, managing payment terms, and facilitating payments to vendors.

Accounts Payable allows businesses to keep a detailed record of all current and past vendor transactions, ensuring that all payments are tracked and properly managed. This module plays a crucial role in maintaining healthy vendor relationships by ensuring timely payments and accurate accounting of outstanding liabilities.

In contrast, the other modules mentioned serve different purposes within the SAP FI framework. Accounts Receivable manages customer invoices and payments, Asset Accounting involves tracking the company’s fixed assets, and the General Ledger serves as the overall financial record-keeping system that consolidates all financial transactions across various modules. Each module is integral to providing a comprehensive financial management system, but only Accounts Payable specifically addresses vendor transactions.