Submitted by Anonymous on Sun, 03/15/2009 - 18:33
A payables system is the last stage of supply-chain management. It allows companies to pay suppliers for merchandise and services. There are several opportunities in Oracle Payables for automation, because the terms and conditions are known at the purchase order (PO) stage and, assuming that the goods are accepted, payment follows at a fixed time later.
Payables controls are equally applicable to paying employee expenses and paying vendors for expensed and capitalized items. It is no more than prudent management to pay invoices only when they are due and, invoice or not, to be sure that payment is not made before delivery unless it has been explicitly agreed. Receiving goods and paying for them weeks later amounts to an interest- free loan from your supplier. Supermarkets are champions at using the good terms offered by suppliers. Supermarkets might be operating on wafer-thin margins, but they regularly sell their stock days—if not weeks—before they pay for it. They have a surplus working capital, which they invest for profit. Supermarkets are an extreme exponent of investing other people's money wisely; however, managing suppliers' payment terms is a business practice from which all commercial organizations can benefit.
The Payables cycle consists of the following four steps: 1. Enter invoices. (This process may or may not include matching each invoice to a purchase order.) 2. Approve invoices for payment. 3. Select and pay approved invoices. 4. Reconcile the payments with the bank statement (part of Oracle Cash Management). Payables Workbenches Payables includes two fully integrated workbenches, the Invoice Workbench and the Payment Manager. You can perform most of your transactions in Payables using the Invoice Workbench or the Payment Manager. You enter, adjust, and review invoices and invoice batches in the Invoice Workbench. You create, adjust, and review payments and payment batches in the Payments Manager. You may be restricted in the windows, buttons, and actions you can access based on the Function Security implemented by your System Administrator.
• Payables Setup • Suppliers • Invoices • Expense Reports and Credit Cards • Payments • Accounting in Payables • Other Topics
Submitted by Anonymous on Tue, 11/17/2009 - 11:38
This chapter tells you how to set up Payables after you have installed it. It includes an overview with list of steps to follow to set up Payables, and includes detailed instructions on completing setup tasks in each Payables setup window.
DEPTH http://www.oracleug.com/user-guide/general-ledger/period-types http://www.oracleug.com/user-guide/general-ledger/calendars
• Voucher Numbers and Document Sequences Signing Limits Distribution Sets Expense Report Template Payment Terms Invoice Tolerances Invoice Hold and Release Names Bank Charges Interest Rates Payment Formats Automatic Payment Programs Choosing a Set of Books • Payables Options Aging Periods Tax Codes Tax Groups Tax Recovery Rules
For example. you can confirm that no document has been lost. you may decide to assign the sequence of numbers to a document category of Credit Memo Invoices. Even if invoices or payments are deleted. Sequential Numbering Profile Option
. When you save it. you can locate each invoice based on its unique voucher number. If you use sequential voucher numbers. 11/18/2009 . Wait until this process completes successfully before continuing with assigning the sequences to a category. you may get two invoices with identical invoice numbers from two different suppliers. a concurrent process starts that automatically generates the sequence. If your a voucher number exceeds nine digits in Payables. Attention: Do not use voucher numbers that exceed nine digits.13:11
You can assign a unique voucher number to each invoice and payment document in your Payables system so you have a unique identifier for each document.
Assigning unique voucher numbers to documents is called document sequencing. then Payables cannot process the document. each Credit Memo you create will have a unique voucher number.Voucher Numbers and Document Sequences
Submitted by Anonymous on Wed. you cannot change it. When setting up document sequencing. that you will assign to a type of document. The type of document is called a document category. you select a set of numbers. each voucher number retains audit records. If you assign a voucher number to each. Specifying the sequence that will be assigned to a category is called assignment. You can also maintain an audit trail because you can trace a journal entry back to the original document in Payables. You can set up document sequencing for all of the documents you use in all of your Oracle Applications. When you create and save a sequence. called a sequence. For example. Voucher numbers provide proof of completeness. Then.
If you create a document and no active sequence has been assigned to its document category. It does ensure that any numbers
entered are unique but it does not require the next available number. You can choose one of the following options:
• Not used :The system does not enforce sequential numbering. You cannot enable the Allow Document Override Payables Option. If you
attempt to create a document and no active sequence has been assigned to its document category.The Sequential Numbering profile option controls whether you can assign voucher numbers to documents. or you can define and assign the sequence before you proceed. then Payables displays a warning message that a sequence does not exist. or User level. and whether you are required to assign voucher numbers to documents. Site. Application. This option can be enabled at the Responsibility. Document Categories
• Partially Used : The system enforces sequential numbering for all of the sequences that are
assigned to a document category.
• Always Used :The system enforces sequential numbering for all document categories. then you cannot proceed until you define and assign a sequence. You cannot enter a document category or sequence name. You can proceed without a sequence.
A document category is a set of documents (invoices or payments) that share similar characteristics. You can assign a single document sequence to one or more document categories. For example, you could assign one sequence to all invoice categories. Payables predefines the following categories for Payables documents: Predefined invoice categories: Standard Invoices, Credit Memo Invoices, Debit Memo Invoices, Expense Report, Interest Invoices,Mixed Invoices, Prepayment Invoices, Recurring Standard Invoices Predefined payment categories: Check Payments, Clearing Payments, Electronic Payments, Supplier Refund Payments, Wire Payments.
• When a document is created, Payables automatically assigns the default document category to the
document. Invoices: Payables assigns a default invoice document category in the Document Category Name field in the Invoices window based on the value you select in the Invoice Type field in the Invoices window Payments: In the Payment Documents window, Payables defaults the payment document category based on the payment method you assign to the payment document. When you create a payment, the document category defaults from the payment document.
• You can use the document categories that Payables provides and you can define additional
categories. If you enable Document Category Override in the Invoices and Payments regions of the Payables Options window, you can override the default document category that Payables automatically assigns to invoices or payments. If you enable this Payables option for payments you can also override the document category in the Payment Documents window.
Submitted by Anonymous on Mon, 11/23/2009 - 12:35
Managers can approve an expense report only if the total amount of the expense report does not exceed their signing limit. The Manager (Spending) Approval Process in the Expense Reporting workflow uses the signing limits you define to determine which manager has authority to approve expense reports. You assign signing limits in your primary functional currency. When you assign signing limits to a manager, you also specify a cost center to which this signing limit applies. You can give managers signing limits for multiple cost centers.
To assign signing limits 1. Navigate to the Employee Signing Limits window. 2. Select AP Expense Report as the document type. 3. Enter the name of the manager to whom you want to assign a signing limit. 4. Enter the cost center for which you want this manager to approve expense reports.
5. Enter a signing limit for this manager. 6. Save your work. Note Payables Invoice Approval is determined based on rules setup in AME. You can create whatever rules you need to meet your business conditions but these are all handled in AME (Approvals Management). For instance, a simple scenario would be where you setup a rule where if supplier invoice amount is less than say 1000 USD, then approval is required from group X or if supplier invoice amount is between 1001 and 2000 USD, then approval is required from group Y. Please review the Oracle Approvals Management Implementation Guide in note 227391.1 for full details on how to setup rules in AME. For Release 11 and Release 11i where the Find Approver Method is used, signing Limits are standard functionality in Internet Expenses. It is not possible to approve an expense report without signing limits unless there is customization. For Release 11i on Mini-pack E (11i.OIE.E) or higher, Oracle Approvals Management enables you to build routing rules for expense report approvals. When enabled, the expense report workflow process uses the Oracle Approvals management definition in place of the Find Approver method in the Internet Expenses application. In addition, the signing limits of the Verify Authority function are ignored. For more informaiton on enabling OAM within Internet Expenses and the Verify Authority API, reference the Oracle Internet Expenses Implementation and Administration Guide Release 11i, Second Generation, Mini- pack E or higher.
Submitted by Anonymous on Wed, 11/18/2009 - 10:21
You can use a Distribution Set to automatically enter distributions for an invoice when you are not matching it to a purchase order. For example, you can create for an advertising supplier a Distribution Set that allocates advertising expense on an invoice to four advertising departments.
or assign a distribution set to an invoice when you enter it. optionally enter an Income Tax Type.
. In the Distribution Sets window enter the Name and Description of the Distribution Set you are creating. 2. Suggestion: If you create a skeleton Distribution Set. Create as many distributions as you need. Payables automatically assigns type Skeleton to your Distribution Set.
• Enter a name that describes the use of the Distribution Set. assign an iIncome tax type or an invoice tax name to distribution sets. include skeleton in the name to remind you to enter the line amounts.
To create a Skeleton Distribution Set: 1. If you are creating a Distribution Set for a federally reportable supplier. and identify the distribution set as
either full (with all percent amounts totaling 100%) or skeleton (with all percent amounts equaling 0%). • Optionally. Save your work. Enter the Account and Description for each distribution and leave the Percentage at zero. include skeleton in the name to remind you during invoice entry to enter the amounts on the invoice distributions.
• Define an unlimited number of distribution lines for a distribution set. If you create a skeleton distribution set. 3.• Assign a default distribution set to a supplier site so that Oracle Payables will use it for every
invoice you enter for that supplier site.
11/23/2009 . You can define default values for expense items. a company might define a Salesperson template that salespeople use to enter expense reports.12:56
Expense template is a mandatory field in expense report form. frieght. Only templates that have the Enable for Internet Expenses option enabled are available for use with Internet Expenses. Expense Report Templates for Oracle Internet Expenses If Oracle Internet Expenses is installed.Expense Report Template
Submitted by Anonymous on Mon. For example. Payables uses the expense item information to create invoice distributions. In the Payables Options window. That template would include expense items that are reimbursable. However. and hotel. we create exepnse items in expense template by combining seeded expense categories with item type(item.) Use the Expense Report Template window to define templates based on the expense report forms you regularly use in your enterprise. During Expense Report Import. and you can then choose those items from a list of values when you enter expense reports. you can use an Internet Expenses attribute to require employees to
. For example. employees can enter expense reports using a standard Web browser. it would not include a mileage expense item because salespeople have car allowances. you can select an expense report template that will be the default template in the Expense Reports window. tax and misc. The Internet Expenses attributes in the Expense Report Templates window control some of the functionality of Internet Expenses. You define expense report templates for types of expense reports you use in your enterprise. airfare. such as meals.
miles. Project–Related Expense Report Templates
Employees can enter project–related expense reports using Internet Expenses. Each Oracle Projects expenditure type is assigned a unit of measure. such as currency. you associate expense items with Oracle Projects expenditure types. you can select expenditure types in the Projects Expenditure Type field only if they have currency as a unit of measure.provide justifications for certain expense types. hours. To create project–related expense items. You also use the Expense Report Templates window to manage the assignment of rate and policy schedules to expense types. To have the Oracle Projects expenditure types appear in this list of values. Only the names defined in the Expense Item fields or the Prompt field of an Internet Expenses enabled template appear on the list of values in Internet Expenses. an employee must choose project–related expense items from the list of values. You cannot select Expenditure types with cost rates. Employees can then associate a project number and a task number with the project– related expense items when they enter expense reports in Internet Expenses. When defining a template. establish a separate template where the expense item names are identical to
. To create a project–related expense report in Internet Expenses.
• You import an invoice record that has payment terms specified on the record. you define payment terms that you can assign to an invoice to automatically create scheduled payments and to calcualte discount. The payment terms for a supplier site default to the invoices you enter for the site except in the following circumstances:
• You enter a PO Default or QuickMatch invoice in the Invoice Workbench. each of which creates one scheduled payment.16:47
In the Payment Terms window. For example. or the import process
can derive terms from purchase order matching. Each payment terms line and each corresponding scheduled payment has a due date or a discount date based on one of the following: 1.
Submitted by Anonymous on Fri. if you update the payment priority on a particular scheduled payment and then
. Attention: If you update the payment terms on an invoice. a specific date. 2002. you must re–enter any manual adjustments you made to the previous scheduled payment.the expenditure type names. such as the 15th of the month 2. 11/20/2009 . Payment terms have one or more payment terms lines. when you submit Payables Invoice Validation for the invoice. Discount dates cannot be based on a special calendar. in which case the terms
default from the purchase order.
a special calendar that specifies a due date for the period that includes the invoice terms date. Payables immediately recalculates the scheduled payment for the invoice.
Only due dates can be based on a special calendar. After you define your payment terms. You can create an unlimited number of payment terms. in the Payables Options window you can select default payment terms that Payables automatically assigns to the suppliers and supplier sites you enter. You can override the default payment terms on any invoice. a number of days added to your terms date. for example. such as 14 days after the terms date
4. Instruct Internet Expenses users who enter project–related expense reports to use this template. March 15. Each payment terms line also defines the due or discount amount on a scheduled payment. a specific day of a month. You can define payment terms to create multiple scheduled payment lines and multiple levels of discounts. Thus. When you define payment terms you specify payment amounts either by percentages or by fixed amounts. 3.
your Months ahead is zero. your Cutoff Day is 11. During Payables Invoice Validation. The total of your scheduled payment lines must equal 100%. and your Day Of Month due date is 15. Payables recalculates the scheduled payment using the most favorable terms only if the Recalculate Scheduled Payment Payables option is enabled. do not enter a cutoff day.2 Rank If you enable Recalculate Scheduled Payment. Payables compares the invoice terms date to the Cutoff Day. Payables will immediately recalculate the scheduled payment using the same payment priority defaults as before and you will need to update the payment priority again. If you enter an invoice with a terms date of January 12. the day of month after which the due and discount dates of the scheduled payment will be in a future month. If you leave this field blank. enter a unique value to rank your invoice terms. If you use Due Days or Fixed Date type terms.1 Cutoff Day For Day of Month type terms only. You cannot combine percentages due and amounts due for one set of payment terms. 1. Payables uses ranks to choose the most favorable payment terms from the invoice and purchase order.
. Payables will set the due date for February 15. The exact month depends on the value you enter for Months Ahead. 1 is the highest rank. Payables always uses the current accounting month to determine the due and discount dates.
1. For example. 2.change the payment terms.1 % Due The portion of an invoice due.
Payables determines due dates for scheduled payments by using a special calendar. and each period has a due date assigned to it. then the system will use the terms date as the due date. You can define special calendars for payment terms in the Special Calendar window.1 % Discount Payables uses the percentage you enter here to calculate the discount amount available for a scheduled payment. 3.3 Days Payables adds this number of days to the invoice terms date to determine the due or discount date on your scheduled payment line. Note: If you use calendar–based terms. 3. and so on.2. For example. Enter 31 if you want to have Payables schedule payment for the final day of the month. You cannot assign calendar–based terms in the Invoices window if there is not a period defined for the terms date.4 Day of Month/Months Ahead Day of Month. For Day of Month type terms only. you can avoid weekends. you cannot import it. If you do so in the Invoice Gateway. A special calendar is divided into periods. Do not enter a value in this field if there is no discount available. holidays. If you enter 1 in this field.2 Fixed Date Specific month. including months with less than 31 days. enter 15 to have Payables schedule payment for the 15th day of the month. When you assign due dates to the periods of a payment terms calendar. You cannot enter values in the Day of Month and Months Ahead fields for a payment terms line if you enter a value in this field. Payables uses the value you enter here in conjunction with the Cutoff Day you enter to calculate the due or discount date of a scheduled payment line. day. and year on which payment terms are due.1 Calendar If you enter a value in the Calendar field. you can enter second and third discount percentages for discounts available if you miss the first discount date. then Payables uses the day in the Day of Month field for the next month as the due date of an invoice payment line. be sure to use calendars with periods defined for any invoice terms date that you will use. 3. Payables uses the zero amount payment line to determine the remaining amount due on the last scheduled payment. In the Second and Third Discount regions. Months Ahead. Payables uses the value you enter here to calculate a due or discount date for a scheduled payment. Payables multiplies this percentage with the amount due on the scheduled payment line to determine the discount amount available on the scheduled payment line. Payables uses one month beyond the next month as the due date. If you do so for an expense report. If you enter zero in this field and the terms date of an invoice is the same as or later than the Cutoff Day. 3. You cannot enter a value in this field if you enter a value in the Due Days field. 4. enter the amount due.
.2 Amount For amount due terms only. Typically amount due terms have more than one payment terms line since you must specify zero as the amount on your last payment terms line.
. and tax information.20 to $8. 11/20/2009 . receipt. purchase order. If you want a low tolerance. You can define both percentage– based and amount–based tolerances. You have a 10% tax tolerance. including tax. Payables calculates the tolerance based on the invoice amount. you can enter a very small percentage. If you enter a zero for a percentage tolerance and enable the check box for that tolerance.80 without getting a Tax Variance hold on the invoice. When you submit Payables Invoice Validation for an invoice that you have matched to a purchase order or receipt. then Payables will allow infinite variance. If you use a percentage based tolerance. Payables displays next to the tolerance field the name of the hold that Payables Invoice Validation applies to your invoice if the variance exceeds the tolerance you define. you have a $100 item on an invoice and the tax rate is 8%. Payables checks that the invoice matches the purchase order or receipt within the purchase order matching tolerances you define.Invoice Tolerances
Submitted by Anonymous on Fri. Payables checks that the actual invoice tax amount equals the calculated tax amount within the tolerances you define. When you submit Payables Invoice Validation for an invoice with a tax amount. Tolerances determine whether Payables places matching or tax holds on an invoice. For example.17:11
Use the Invoice Tolerances window to define the matching and tax tolerances you want to allow for variances between invoice. You can enter a tax distribution amount between $7. Payables will not allow any variance at all. If you enter no value.
• Price. If you do not use foreign currency. Enter a Maximum Quantity Ordered tolerance only if most of your purchase orders are for the same relative value. • Exchange Rate Amount. Enter either the percent or quantity difference above purchase order shipment line quantity received that you allow suppliers to invoice. • Maximum/Quantity Ordered. Payables compares the functional currency of each. respectively. Payables Invoice Validation checks the quantity billed against the quantity received without taking price into consideration. including invoices matched to receipts. The percentage difference above purchase order shipment line unit price that you allow suppliers to invoice. do not enter a value in this field. Payables Invoice Validation checks the quantity billed against the quantity ordered without taking price into consideration. Enter a Maximum Quantity Received quantity tolerance only if most of your purchase orders are for the same relative value. Enter either the percent or quantity difference above purchase order shipment line quantity ordered that you allow suppliers to invoice. Payables Invoice Validation applies the Maximum Shipment Amount hold if the match exceeds the tolerance. Enter a value in this field only if you enter foreign currency invoices in Payables. based on the invoice and purchase order exchange rates. The total amount of variance you allow for both the Exchange Rate Amount variance and the Shipment Amount combined. 11/21/2009 . • Shipment Amount.17:57
. The amount of variance you allow between all invoice amounts (in transaction currency) matched to a shipment and the amount of the purchase order shipment. • Maximum/Quantity Received.PO Matching Purchase order matching tolerances apply to any purchase order matched invoice. The amount of variance you allow between an invoice amount and the amount of the purchase order shipment to which it is matched. • Total Amount.
Invoice Hold and Release Names
Submitted by Anonymous on Sat.
but you cannot modify them. then you cannot create accounting entries for the invoice until you remove the hold. • You can also determine whether to allow accounting entry creation for the hold names you define. ”CFO Approved”. In the Invoice Hold and Release Names window. ”Needs CFO Approval”.
• You can define as many invoice hold and release names as you need. You can define hold names that you assign to an invoice during entry to place the invoice on hold.
If you assign to an invoice a hold name that does not allow accounting.Use the Invoice Hold and Release Names window to define the names that you use to manually hold or release invoices. For example. For example. you can query the predefined hold and release names that Payables provides. You cannot pay an invoice that has a hold applied to it. Payables predefined invoice hold names Payables predefines hold names and release holds that it uses to apply and release invoice holds during Invoice Validation.
. You can also define release names that you use in the Invoice Holds window or Invoice Actions window to remove the holds you apply to invoices.
Payables releases an account hold when you correct the invalid account and submit Invoice Validation. The following release types are predefined by Payables: 1.Release Types Release type names are used by Invoice Validation when it releases holds.
. You can define release names for the following release types: Invoice Release Reason You can use names with this release type to release one manually releasable hold for one invoice in the Invoice Holds window. You can manually release holds using names with release types Invoice Release Reason. You can use release names with this release type to release a
Matching hold that Payables automatically applies to an invoice during Invoice Validation. Payables releases only the type of hold you entered as part of your search criteria. and Invoice Quick Release Reason.
• Variance Release Reason. Matching Release Reason. Variance Release Reason. You can use names with this release type to release all manually
releasable holds for one invoice in the Invoice Holds window. Hold Quick Release Reason. In the Invoice Actions window. you can use only release names with this release type.
• Hold Quick Release Reason. For an invoice. Release hold names appear on a list of values for the Release field of the Invoice Actions and Invoice Holds windows of the Invoices form. You can use this type of release name to release Variance Holds that
Invoice Validation automatically applies to invoices that have a tax variance. In the Invoice Actions window.
• Invoice Quick Release Reason.
• Matching Release Reason. you can use the release name with
this release type to release all holds from invoices that you query in the Invoice Workbench. Acct Release Reason.
Submitted by Anonymous on Sun. Payables uses these releases for funds checking if you use budgetary control.15:59
. Variance Release Reason. Payables releases a Funds hold on an invoice during Invoice Validation if sufficient funds exist for an invoice or if Payables can perform funds checking. after tax calculation. 5. You must adjust the invoice so that the total of the invoice distributions equals the invoice amount.2. You cannot enter a variance release reason for an invoice with a Distribution Variance hold. Payables predefines two release names with the Variance Release Reason type. You can also define other Variance Release Reasons to use for releasing invoices from tax variance hold. 4. Amount Lowered Reason. Payables places this release name when you submit Invoice Validation for an invoice with a distribution or tax variance hold for which you have corrected the variance. Payables predefines one release name with the Sufficient Information type. Funds Release Reason. Payables releases a Prepaid Amount hold after you have unapplied a prepayment that. Sufficient Information. Payables places the Variance Corrected release name on an invoice if you correct an invoice variance. When you submit Invoice Validation. exceeded the amount of the invoice to which is was applied 3. 11/22/2009 . You can enter Variance Override for an invoice if you want to release an invoice from a tax variance hold using the Holds window. Payables places a Sufficient Information release name on an invoice after you enter an exchange rate for a foreign currency invoice.
to all banks except the transferring bank) • from all banks to a single bank • from all banks to all banks
Any time you specify a single bank. however. to all banks including the transferring bank) • from a single bank to all other banks (i. Bank charges information. is not shared between the products. You can define charges:
• from a single bank to a single bank • from a single bank to all banks (i. If you use Payables you specify charges between your remittance banks and your suppliers’ banks. you have the choice of selecting a particular branch of that bank or all branches.
.e. If you use Receivables you specify charges between your customers’ banks and your banks. Both Payables and Receivables users use this window.Use the Bank Charges window to specify charges associated with transferring money between banks...e.
specify during which dates the rate is effective. the current interest rate is 7% for all unpaid balances.5% on December 1. The formula used compounds monthly. up to a maximum of 356 days interest. Payables calculates interest based on the rate you enter in this window in accordance with the United States Prompt Payment Act. and the Allow Interest Invoices option for the supplier site of an invoice. Payables calculates interest on overdue invoices only if you enable both the Allow Interest Invoices Payables option. Effective dates of rates cannot overlap.Interest Rates
Submitted by Anonymous on Sun. For each rate you define. This new rate will be valid for four months. 2002. For example. You enter two
. 11/22/2009 . The interest rate on overdue invoices will rise to 7.14:31
In the Payment Interest Rates window. you define interest rates Payables uses to calculate and pay interest on overdue invoices.
You can add or change a rate at any time.
• Check Payment in a payment batch. 1.date ranges and interest rates.
Submitted by Anonymous on Mon. 11/23/2009 . the first from today’s date to November 30. 2002 to March 31. You can define as many payment formats as you require for each payment method. You define payment formats for the four payment methods that Payables uses. or manual payment. Payment Method. Payables uses the interest rate that is valid on your payment date to calculate and pay interest on overdue invoices. If the system cannot find a rate then it uses zero as the rate. 2002 (interest rate 7%) and the next from December 1. however.
. 2003 (interest rate 7. each payment format must be unique for that payment method.1. Quick payment.09:26
Use the Payment Formats window to define the payment formats you need to define payment documents in the Banks window.5%).
You can record a clearing payment using a Manual type payment only. Bank File Character Set: If you do not use Payables in Japan. contact your local Oracle representative for more information on this option. Transmittable Enable this check box if you use the Automatic Bank Transmission feature and want to use this payment format to automatically transmit payment files to your bank. You cannot update this value for a payment format used in a payment batch in progress.• Electronic You pay electronic payments either through the e–Commerce Gateway. For electronic funds transfers. you do not generate a payment document with the Clearing payment method. You can choose this option only if you have selected the Electronic payment method and an electronically transmittable payment program. 1. the format groups all payments by maturity date. you enter Clearing for the payment method. you can change this option from Single to
. For e–Commerce Gateway payments. 1. Payables creates a file during payment batch creation. Your supplier’s bank sends your supplier confirmation of the payment. the file is formatted and delivered to your ap.
• Wire A payment method where you pay invoices outside of Payables by notifying your bank that
you want to debit your account and credit your supplier’s account with appropriate funds. the file is processed through the e–Commerce Gateway and delivered to your bank to create payments. Disable this option if you want this payment format to be used to create nonzero amount payments. you can also use this payment format for payments that do not use the Automatic Bank Transmission feature. If you enable this options for future dated payments. you can also use a payment batch or Quick payment. When you enter the invoice. If you enable this option. 1. The setting of this field is used only by the Zengin payment format.2. Currency If you enable the Use Multiple Currencies Payables option. Payables groups payments on payment documents according to the order in which the invoices were selected when you initiate a payment batch. such as NACHA. or by delivering
a payment batch file to your bank.3 Zero Amount Payments Only Enable this option if you want this payment format to be used only to create zero amount payments. You provide your bank with your supplier’s bank information. Payables groups payments for invoices with the same due date on the same payment document. and your bank sends you confirmation of your transaction. then leave this option blank. For both methods. 2. Typically.out directory for you to deliver to your bank.4 Group by Due Date Enable this option if you want this format to group payments by due date. If you disable this option. If you use Payables in Japan and want to use the Zengin Format Payment Program. Even if you enable the Transmittable check box. Invoices with different due dates are paid using a separate payment document for each due date. you then record the transaction with a manual payment.
• Clearing Payment method you use to account for intercompany expenses when you do not actually
disburse funds through banks. However. Generally.
3. Select Multiple if you want to use a payment format to pay invoices of different currencies. Payables enters your functional currency in this field and you cannot change it. select the Standard Build Payments program that Payables provides. Currency. to create any necessary overflow payments. the maximum value that defaults in this field is 37. to order the payments using the order option you specify. You can only use a multiple currency format with a bank account whose bank account currency is the same as your functional currency. If you do not enable the Use Multiple Currencies Payables option. Enter a currency code for a Single currency payment format. and if you enter a value greater than 37 your payment format will not work.
2. after it prints the payment. Note that for any of the External type payment formats. 4. You
must select the currency you want to pay with this format in the next field. you can change the currency from Multiple to Single only if you have not already assigned the payment format to a payment document.
1.S. This value applies only to a remittance advice included in your Format Payments programs (not a Separate Remittance Advice program). Multiple. You must select None for the Remittance option to select the BACS or the U. however. Programs Build Payments The Build Payments program this payment format uses during payment building to group the selected invoices for each payment. None Payables prints a separate remittance advice. based on the remittance advice program you select for the payment format. Attention: For this field. and to determine the total number and amount of payments for a payment batch. You can then use this format for either a multiple currency bank account or a bank account that uses the currency you define for this payment format. After Document Payables prints a remittance advice on the payment document stub. Do not change this value for the payment formats that Payables predefines. Before Document Payables prints a remittance advice on the payment document stub. Single. Treasury Format Payments program because these
. Select Single if you want to use a payment format to pay invoices of only one currency. Remittance Choose where you want to print remittance advice for the payments you create using this payment format.Multiple at any time. You do not need to define any additional Build Payment programs.
You can select Multiple only if you enable the Use Multiple Currencies Payables option. before it prints the payment. Format Payments The Format Payments program that this payment format uses. Number of Invoices The number of invoices you want to appear on your remittance advice for this payment format.
formatting payments. select the External Laser Format Payments Program. During payment formatting. Payables also predefines a program for creating a separate remittance advice for payments.11:36
If you use Oracle Payables. use this window to define additional receipt and remittance format programs. Payables uses your payment format to create the layout of your checks or electronic funds transfer file. or creating a payment remittance advice. The Remittance Advice program this payment format uses to create a separate remittance advice for each payment. Choose the Tax Authority Remittance Advice if you use automatic withholding tax and are creating a payment format you will use when paying a tax authority. 11/18/2009 . You specify whether each program is for building payments.
Automatic Payment Programs
Submitted by Anonymous on Wed. Separate Remittance. If you plan on using a laser printer to print checks. Payables predefines one program for building payments and many standard programs for formatting payments. Payables users
Use the Automatic Payment Programs window to define payment programs that you use to format payment documents and separate remittance advice. use the Automatic Payment Programs window to define payment programs.formats do not have remittance stubs. You
. If you use Oracle Receivables.
or you can use these programs as templates for creating your own custom payment programs. To define payment. The concurrent manager uses the Registered Name to refer to the payment program.can select these predefined programs when you define a payment format. Payables Types
• Build Payments. and determine the total number and amount ofpayments for a payment batch. create any necessary overflow documents. Enter a program Type. Payables will use the printer you defined as your default as the Printer profile option. you can use a remittance program to create separate remittance advice documents for your electronic funds transfers Payables Prerequisites
• If you are not using Payables predefined payment programs. Enter the Registered Name. A program Payables uses to format a separate remittance advice document.
. If you do not assign a default printer then when you use the payment program.
• Format Payments. In the Automatic Payment Programs window.
• Register your program in the System Administrator’s Concurrent Programs window. This name will appear on a list of values whenever you need to enter the program name.
Payables submits this program during payment batch selection to calculate the payment totals for your payments and determine on which payment documents the payment appears.
• Remittance Advice. Optionally
assign a default printer to the program. Payables uses your payment format to create the layout of your checks or electronic payments. receipt. Attention: You do not need to define any additional Build Payment programs. 2. order the payments using the order option you specifyin the Payment Batches window. A program Payables uses to build payments for the invoices in a payment batch. Payables provides a predefined Build Payments program called the Standard Build Payments Program.
For example. Payables uses this standard build program to group the selected invoices for each payment. During the
Format Payments program. Use the Standard Build Payments Program that Payables provides. or remittance programs: 1. define a payment program using
Oracle Reports. enter a unique Name for the program you are defining. 3. A program Payables uses to format your payment documents.
You can define as many receipt programs as you want.
• Print Bank Remittance.
. Payables already provides sample receipt programs that you can use to create and format receipt and remittance documents. then you should copy the sample program and modify it. A program you use to create a batch of automatic receipts. If you need a different automatic receipt program. or transmission of automatic receipts or remittances. A program you use to print a batch of your remittances. • Transmit Created Receipts. • Register your program in the System Administrator’s Concurrent Programs window. A program you use to format the output of automatic receipts that you
have created on to a magnetic medium. • Transmit Bank Remittance. Receivables Prerequisites
• Create a receipt program using Oracle Reports. You specify whether each program is for the creation.Receivables users
Use the Automatic Payment Programs window to define additional receipt format programs you use to create receipt documents such as checks or bills of exchange. A program you use to format the output of bank remittance batches that
you have created on to a magnetic medium. Receivables Types
• Print Created Receipts. printing.
accounting calendar. Your system administrator associates sets of books with one or more responsibilities. and functional currency your organization uses to record transactions in Payables. If you use the Multiple Reporting Currencies feature. If you are not using the Multiple Organization support feature. You can choose one primary set of books for each installation of Payables. The name of your set of books appears on all reports you generate in Payables. read the Multiple Reporting Currencies in Oracle Applications manual for information on your sets of books. you can choose one primary set of books for each installation of Payables. You can choose a secondary set of books in the Accounting Methods region of the Payables Options window if you are keeping both an accrual and cash set of books.
.Choosing a Set of Books
Submitted by Anonymous on Wed. You have the option of setting up multiple organizations within one installation of Payables. Your responsibility determines with which set of books you are working. Your system administrator associates a responsibility with a particular organization and set of books. 11/18/2009 .14:28
Your set of books defines the account structure.
Payables might also create entries for discount taken and foreign currency exchange gain or loss. invoice entry. For each accounting method. and automatic payment processing. cash or accrual. The invoice
accounting entries generally debit your expense or asset account and credit your liability account. You account only for payments.15:00
Use this window to set control options and defaults used throughout Payables. In the Payables Options window you can also choose a secondary accounting method. For prepayments. Payables uses the payment date as the accounting date for your expense and cash journal entries. Payables creates accounting entries that debit your prepayment account and credit your
. You can set defaults in this window that will simplify supplier entry.
and do not record liability information for invoices. 11/18/2009 . The payment accounting entries typically debit your expense or asset account and credit your cash or cash clearing account. Although you need to define these options and defaults only once.Payables Options
Submitted by Anonymous on Wed.
• Accrual Basis Accounting You create accounting entries for invoices and payments. The accounting method determines the types of accounting entries Payables creates.
When you set up Payables you choose a primary accounting method. you choose a set of books in which you will account for transactions. When you create accounting entries. Set up Payables to create accounting entries in compliance with one of the following accounting methods:
• Cash Basis Accounting You account only for cash transations. you can update most of them at any time to change controls and defaults for future transactions.
select its namefrom the list of values.
• 1. you cannot create accounting entries until you have entered a primary accounting method. When you reconcile payments using Oracle Cash Management. Payables creates accounting entries that debit your liability account and credit your prepayment account. For prepayment applications. choose Accrual
or Cash for the accounting method you use for your secondary set of books.
. and foreign currency exchange gain or loss between payment and reconciliation time. bank errors.liability account. but require cash basis accounting information for certain regulatory reporting on a periodic basis. bank charges. Automatic Offset Method Enable Automatic Offsets by selecting Balancing or Account as your
Offset Method if you want Payables to automatically create balancing accounting entries for your invoice and payment transactions. you may want to manage your company on an accrual basis. Payment accounting entries typically debit the liability account and credit the cash or cash clearing account. Payables might also create accounting entries for cash clearing.
• Combined Basis Accounting You maintain one set of books for cash accounting and one set of
books for accrual accounting. and payment accounting entries are recorded in both your cash set of books and accrual set of books.
Although Primary Accounting Method is not a required field. Invoice accounting entries are recorded for your accrual set of books. Secondary Accounting Method If you want to use combined basis accounting. If you do not want to use combined basis accounting. – Accrual – Cash – None
• 3. Your secondary set of books must have the same currency. Payables might also create accounting entries for discount taken and foreign currency exchange gain or loss. and calendar as your primary set of books. If you use a secondary set of books. – Accrual – Cash
• 2. chart of accounts. For example.
• 4. Payables creates accounting entries according to the accounting method you choose. Combined basis accounting allows you to produce financial reports for either your cash or accrual set of books. You choose which will be your primary and your secondary set of books. Primary Accounting Method Accounting method you use for your primary set of books. Set of Books (Primary/Secondary) Payables displays the primary set of books you selected in
the Choose Set of Bookswindow. choose None.
Attention: Carefully consider this option before setting it. For your invoice transactions. for example the Liability account from the supplier site. Prevent Prepayment Application Across Balancing Segments. Balancing : Payables uses the supplier site’s default liability account and overwrites the balancing segment (usually the company code) with the balancing segment from the expense distribution GL Account. Balancing. Payables builds the offsetting GL account by taking the balancing segment (usually the
cost center code) from the invoice distribution and overlaying it onto the appropriate default GL account. changing this setting can result in accounting irregularities. None : Do not use Automatic Offsets. you might want to use Automatic Offsets to keep your Payables transaction accounting entries balanced. and for your payment transactions. Payables creates one liability accounting entry. Changing your automatic offset setting after creating accounting entries can result in slower Payables Accounting Process performance. The GL account that each of the offsetting accounting entry is charged to depends on which method you use.
• 5. Payables creates a single liability accounting entry for invoice transactions (if you use accrual basis accounting) and a single cash type accounting entry for payment transactions.
you can enable this option to prevent the application of a prepayment amount to an invoice or expense report amount that is charged to a different balancing segment.
• Automatic offset method Supplier Payables Options Invoice/Expense Report/Interest/Withholding Tax Invoice Tax/Witholding Tax/Tax Defaults and Rules Payment accounting/Payment Transfer to GL/Mathcing/Currency
Automatic offset method
Submitted by Anonymous on Wed. Payables automatically creates balancing accounting entries for your transactions. If you do not use Automatic Offsets. Payables uses the expense GL Account from the invoice distribution and overwrites the account segment with the default liability account from the supplier site. When you use Automatic Offsets. 11/25/2009 . Account : When creating the offsetting liability account. under certain circumstances. If you use Automatic Offsets. Balancing or Account:
If you enter invoices for expenses or asset purchases for more than one balancing segment. Also. Payables creates one cash type accounting entry.
in either case Payables automatically allocates the amount across the following accounting entries for an invoice:
• Liability • Withholding Tax (if you apply the withheld amount at Invoice Validation time)
Payables also allocates the following entries for a payment:
• Cash (if you use a pooled bank account) • Cash Clearing (if you use a pooled bank account. For accounts other than these. Interest Liability. Example The following diagram illustrates how Payables builds a GL account on a liability distribution using the two different methods:
. Although Payables builds the GL account to which amounts are charged differently depending on the method you use. The Account method takes the opposite approach with one segment (the designated
account segment) being retained from the default GL account and all other segments being retained from the invoice distribution. you must make manual journal entries in your general ledger to keep the entries balanced at the balancing segment level. for example.2. and if you account for payments at clearing time) • Discount • Exchange Gain/Loss • Future Dated Payment • Rounding • Withholding Tax (if you apply the withheld amount at Payment time) • Bank Charges • Bank Errors
Automatic Offsets affects only accounts listed above. Account.
.Automatic offset method : None nvoice is cretaed with two distribution line with differnt balancing segments Charge A/c with BS1: 01-000-1160-0000-000 Charge A/c with BS2: 02-430-5800-0000-000 Liability A/c in supplier sie: 01-000-2210-0000-000 When Accouting is done the system 'll Debit the charge A/Cs in two different balancing segments and it would credit the liability given in supplier site.
The complete A/C 'll be
Automatic offset method : Accounting Invoice is cretaed with two distribution line with differnt balancing segments Charge A/c with BS1: 01-000-1110-1100-210 Charge A/c with BS2: 03-000-1813-0000-000 Liability A/c in supplier sie: 01-000-2210-0000-000 When Accouting is done the system 'll create the Liability A/C for BS2 by repalcing the natural a/c segment
.Automatic offset method : Balancing Invoice is cretaed with two distribution line with differnt balancing segments Charge A/c with BS1: 01-000-1110-1100-210 Charge A/c with BS2: 03-120-7210-1100-130 Liability A/c in supplier sie: 01-000-2210-0000-000 When Accouting is done the system 'll create the Liability A/C for BS2 by repalcing the balancing segment of of the Liability A/c in BS1(i.e. 01-000-2210-0000-000) and the A/C would 03-000-2210-0000-000.
. and then to the invoice.14:53
Use this region to enter defaults for the Suppliers window.of of the charge A/c in BS2(i. You can override these defaults at any time. 03-000-1813-0000-000) and the A/C would 03-000-2210-0000-000. These values then default to the Supplier Site.e. The complete A/C 'll be
Supplier Payables Options
Submitted by Anonymous on Fri.
2. Invoice date. Invoice.
Pay Date Basis: The Pay Date Basis default for each new supplier you enter. Internal. You can choose any Pay Group you have defined in the Oracle Purchasing Lookups window. 1. If your suppliers pay. Payables selects invoices for payment based on the scheduled payment discount date.
• Discount. indicate whether your suppliers use the standard or negotiated rate. Supplier/Standard. The date you receive goods for invoices you match to purchase orders. The Pay Date Basis for a supplier defaults to the new supplier sites you enter for the supplier. Use Pay Site Tax Region: You can enable this option only if you enable the Combined Filing Program Payables option. When you submit the 1099 Electronic Media report. 3. You can override this value at the supplier and supplier site.Pay Group: The Pay Group you want to assign to any new suppliers you enter. • Due. 3. do not enable this option. Attention: If you use electronic filing or magnetic media to file your tax information with the Internal Revenue Service and you are not participating in the Combined Filing Program. Combined Filing Program: Enable this option if you are using 1099 Combined Filing Program reporting. Goods Received. You will pay bank charges. 2. You can override the default for each supplier and supplier site. Invoice Currency: The currency that you use as a default for each new supplier you enter. Date you receive an invoice. Your supplier will bear any bank charges at a standard rate. This value will default to all new suppliers you enter.
1. The Internal Revenue Service may return your 1099 magnetic tape if the tape contains K records.
regardless of any available discounts. Supplier/Negotiated.
System. Invoice Received. Terms Date Basis: The date that Payables uses as the payment terms start date when Payables calculates the due and discount date for invoice scheduled payments. Payables selects invoices for payment based on the scheduled payment due date. Bank Charge Bearer: If you use the Bank Charges feature. Current date of your Payables system. Payables will produce K–records for all tax regions participating in the Combined Filing Program that have qualifying payments. indicate whether you or your supplier will pay for any bank charges associated with payments to your suppliers. Your supplier will bear any bank charges at a negotiated rate. 4.
You do this by entering a value in the following Income Tax Region name field. Payables produces one K record for each tax region. Income Tax Region. one K record for each tax region. Payables only produces K records for tax regions that participate in the Combined Filing Program and that you have entered (either as a default or manually) on a paid distribution for a 1099 supplier. You must then enter the default tax region you want to use for all invoices in the next field. You can override this default region for each invoice distribution. The default you choose here determines how many K records Payables will produce on your 1099 Electronic Media. If you enable this option.11:17
Invoice Payables Options
. Do not enable this option if you do not want to use a supplier site’s tax region as the default tax region. Enter the tax region you wish to use as the default for the invoice distributions of your 1099 suppliers. Payables uses the 1099 supplier site’s region as the default tax region for the invoice distributions. you may have only one K record. You can also choose to have your 1099 payment information forwarded to only one tax region regardless of which region your 1099 suppliers do business from. This would be a K record for that one default tax region. you can always override the default tax region for each invoice distribution. the Income Tax Region Name field. You can override this default region for each invoice distribution in Distributions window. Payables will then produce additional K records on your 1099 Electronic Media. In this case. 11/20/2009 . Payables forwards your 1099 qualifying payment information to all the tax regions that participate in the Combined Filing Program. If you are participating in the Combined Filing Program. Of course. If you choose a default Income Tax region in the next field. You can enter this field only if you enable the Combined Filing Program Payables option and did not enable the Use Pay Site Tax Region option.
Invoice/Expense Report/Interest/Withholding Tax
Submitted by Anonymous on Fri.Enable this option if you want to use a 1099 supplier’s tax region as the default tax region. If you enable this option. you may have as many K records as you have different supplier tax regions.
The workflow determines if an invoice needs any individuals to approve payment of the invoice. 2. automatically routes the invoice to designated approvers who then approve or reject the invoice.1 Allow Adjustments to Paid Invoices: Enable this option if you want to allow users to update the distributions of a paid invoice. almost all invoices must be processed by the Invoice Approval Workflow. You might want to enable this option if you need the Invoice Validation process to create tax distributions for an invoice before approvers review it.1. and if so. You cannot submit the Invoice Approval Workflow Program unless you enable this option. If you enable this option you can also reverse a match to a purchase order
. 1. or if you have authority to pay an invoice without using the workflow process. You cannot enable this option unless you first enable the Use Invoice Approval Workflow Payables option.2 Allow Force Approval: Enable this option if you use the Invoice Approval Workflow Program and want to allow accounts payable processors to override the workflow and manually approve invoices by using the Force Approval option in the Invoice Actions window. When you enable this option. You might want to force approve an invoice if the Invoice Approval Workflow does not complete for an invoice. then Invoice Approval Workflow does not select any invoice for processing unless the invoice status is Validated.3 Require Validation Before Approval : If you enable this option.1 Use Invoice Approval Workflow : Enable this option if you want to use the Invoice Approval Workflow feature to automate your invoice approval process. 1.
Freight Account. If you enable the Recalculate Scheduled Payment Payables option. The system uses the value you enter here for all freight charges your suppliers send in XML invoices. During recalculation. you must enter a freight account. If you enable the Automatically Create Freight Distribution Payables option. Payables determines which payment terms are more favorable by comparing the rank you assigned to the terms in the Payment Terms window. The following table shows which options Payables uses during the recalculation. Payables uses this account as the default freight account for an invoice. or enter freight distributions manually. For example. if the start date is 01–JAN–2002 and the payment terms are Net 30. the invoice will be payable in full on 30–JAN–2002. The available options are different depending on whether the invoice is purchase order matched.
.2 Allow Online Validation: Enable this option if you want to allow users to select Invoice Validation from the Invoice Actions window or choose the Validate button in the Invoice Batches window.Automatically Create Freight Distribution: If you enable this option. If you usually allocate freight to invoice distributions.1 Confirm Date as Invoice Number: If you enable this option. unless you have manually updated any of the scheduled payments or used the Split Schedule functionality. 4. If you do not enter a value here then the import prorates freight charges across Item lines on XML invoices. then do not enable this option. Payables checks the Create Freight Distribution check box in the Invoices window and automatically creates a single freight distribution using the Freight Amount and Freight Account you enter for an invoice. Payables automatically recalculates scheduled payments of invoices during Invoice Validation. During invoice entry. and the invoice terms date as the start date. then during invoice entry when you accept the invoice date as the default for invoice number. 4. 2. You can override this account during invoice entry. You would discover this possible error when you submit Invoice Validation because Invoice Validation would place a Distribution Variance hold on the invoice and prevent you from creating accounting entries for the invoice.document and then match to another purchase order document that is not final matched. This means you could create a distribution variance on a paid invoice if you do not ensure the distributions total equals the invoice amount when you do your invoice adjustments.2 Recalculate Scheduled Payment: Payables calculates scheduled payments using a start date and payment terms. Payables uses the most recent of the available start date options and the most favorable of the available payment terms options so you can optimize your cash flow. Payables displays a pop–up window that reads. 3. The system uses the value you enter here for all freight charges your suppliers enter online in Oracle iSupplier Portal. If you do not enter a value here then the system prorates freight charges across Item lines on iSupplier Portal invoices. Payables automatically calculates scheduled payments for invoices using the invoice payment terms. ”Use the Invoice Date as the Invoice Number?”.
then when you match a prepayment to a purchase order or receipt. For example. Date that you enter in the Date Goods Received field. then the system date is used. or enter a document category for an invoice. 5. Invoice date you enter during invoice entry. GL Date Basis: The date you want Payables to use as the default accounting date for invoices during invoice entry.
• Invoice Date. Your system administrator can define additional document categories for an invoice type. Payables does not assign a document category to an invoice and you cannot enable this option.
. 6. then Payables will default the supplier site value for invoice payment terms to prepayments you enter. The date you enter the invoice. Therefore. • System Date.3 Build Prepayment Accounts When Matching: If you enable this option. the value you enter here defaults to all prepayment invoices. then Payables instead defaults the supplier site’s prepayment account.
• Goods Received/System Date.
6.2 Prepayment Settlement Days: Number of days you want Payables to add to the system date to calculate a default settlement date for a prepayment. • Goods Received/Invoice Date. Date that you enter in the Date Goods Received field. even on the same invoice.4. and if the resulting GL account is not valid and active. you might have some Item distributions that use a built account and some that use the supplier site’s prepayment account. then the invoice date is used. If you do not enter a value here.1 Prepayment Payment Terms: Payment terms that you want to use for all prepayments. you may want to have immediate payment terms for all prepayment type invoices. If no value is
Payables validates the built account. Current date for your Payables system.
• If you do not enable this option then Payables always defaults the supplier site’s prepayment
account to prepayment Item distributions. If no value is
entered. Payables automatically assigns a document category to an invoice if your Sequential Numbering profile option is Partially Used or Always Used. Payables prevents you from applying the prepayment to an invoice until on or after the settlement date. Payables predefines a document category for each invoice type. and • all other account segments from the corresponding purchase order or receipt distribution. Payables builds the account on each prepayment Item distribution using:
• the natural (charge) account segment from the supplier site’s prepayment account.3 Allow Document Category Override: Enable this option if you want to allow users to override the default Document Category assigned to an invoice by Payables. 6. Note that this value does not exist at the supplier or supplier site level. if you use this option. If your Sequential Numbering profile option is Not Used.
Payables requires that you match each invoice for the supplier site to
. depending on where you are paying the expense report. If you do not enable this option. Suggestion: Define and assign immediate payment terms for your employee suppliers. available advances.Expense Report Payables Options Default Template The default expense report template that you want to use in the Payables Expense Reports window. If you use Internet Expenses and you enable this option. Apply Advances Default value for the Apply Advances option in the Expense Reports window in Payables. Automatically Create Employee as Supplier If you enable this option. when you import Payables expense reports. If you enable this option. If the supplier site you are paying (HOME or OFFICE) does not yet exist. between 1 (high) and 99 (low). and lists them on the Exceptions section of the Expense Report Import Report. Hold Unmatched Expense Reports This option defaults to the Hold Unmatched Invoices option for the supplier and supplier site for any suppliers Payables creates during Expense Report Import. Pay Group Pay Group you want to assign to any suppliers that you create from employees during Expense Report Import. Payables creates suppliers based on the defaults you select in this region and employee information from the Enter Person window. then Expense Report Import applies all outstanding. Payables applies advances to employee expense reports if the employee has any outstanding. Payables creates a HOME or OFFICE supplier site with the appropriate address. You can review suppliers and adjust any defaults in the Suppliers window. Payables automatically creates a supplier for any expense report where an employee does not already exist as a supplier. starting with the oldest. Payables cannot import expense reports without corresponding suppliers. The Home address is from the PER_ADDRESSES table. up to the amount of the Internet expense report. When Hold Unmatched Invoices for a supplier site is enabled. enter an employee as a supplier in the Suppliers window and link the Employee Name/Number to the supplier before you use Expense Report Import. and the Office address is from the HR_LOCATIONS table. Payment Priority Payment priority you want to assign to any suppliers that you create from employees during Expense Report Import. A default expense report template appears in the Expense Reports window only if the expense report template is active. You can override this default during expense report entry. You can define additional values for Pay Group in the Purchasing Lookups window. A number. Payment Terms Payment terms you want to assign to any suppliers that you create from employees during Expense Report Import. which represents the priority of payment for a supplier. Payables adds the supplier site to an existing supplier. available advances. You can override this value in the Expense Reports window.
. You can release this hold by matching the invoice to a purchase order or receipt and resubmitting Invoice Validation. such as expense and liability accounts. then Payables applies a Matching Required hold to an invoice if it has Item type distributions that are not matched to a purchase order or receipt. Payables automatically creates interest invoices when you pay overdue invoices in a payment batch or with a Quick payment.
Interest Payables Options Use this region to enable Automatic Interest Calculation and then enter defaults. If you enable this option for a site. Payables will not apply a hold if the sum of the invoice distributions by accounting code combination is zero. for the interest invoices Payables creates automatically when you pay overdue invoices. If you pay an overdue invoice using a manual payment. Allow Interest Invoices: Enable this option if you want to allow Payables to calculate interest for overdue invoices and create interest invoices for selected suppliers. You cannot pay the invoice until you release the hold. Payables applies the hold to the invoice during Invoice Validation. Payables warns you that interest is due on the invoice and you should pay the invoice in a payment batch or with a Quick payment.either a purchase order or receipt. or you can manually release the hold in the Holds window of the Invoice Workbench.
This liability account is always used when interest invoices are automatically created during the payment process. you must enter a value in this field that represents the minimum interest amount Payables will pay. Payables enables the Allow Interest Invoices option in the Payment Region of the Suppliers window for all new suppliers you enter. Prorate Across Overdue Invoice: If you enable this option. then Payables also copies the USSGL transaction codes from the item distributions on the overdue invoice to the item distributions on the interest invoice. If your enterprise is a United States agency that uses USSGL transaction codes. Expense Interest Invoice Account: If the Prorate Across Overdue Invoice option is disabled then when Payables creates an interest invoice it creates a single distribution with this account. you must enter a liability account. Payables uses this account as the liability account when it creates accounting entries for interest invoices. Liability Interest Invoice Account: If you enable the Allow Interest Invoices option. It then builds the account for each interest invoice distribution by using
• the natural (charge) account segment from the interest invoice expense account that you enter
below. If you do not enable this option then Payables creates interest invoices with one distribution and the expense interest invoice account. Minimum Interest Amount: If you enable the Allow Interest Invoices option. Payables prorates the interest amount across the item distributions on the overdue invoice. then Payables will instead use the expense interest account for each distribution. Payables does not overwrite the liability account if you use Automatic Offsets. If the Prorate Across Overdue Invoice option is enabled then Payables uses the natural (charge) account from the account you enter here when it builds expense accounts for an interest invoice. You can override this default value at any time. and
• all other account segments from the corresponding item distribution of the overdue invoice. Withholding Tax Payables Options
. you cannot enable the Allow Interest Invoices option in the Suppliers window. •
If Dynamic Insertion is disabled and the GL accounts that Payables builds are not valid and active. If the calculated interest amount is less than this amount. When you enable the Allow Interest Invoices Payables option.If you enable this option. If you do not enable the Allow Interest Invoices Payables option. the setting of the Prorate Across Overdue Invoice option below indicates how you want Payables to account for interest invoices. Payables does not create an interest invoice.
The name of the withholding tax group that you would like to use as the default withholding tax group for the new suppliers you enter. Note: If Payables withholds tax at Invoice Validation.
• At Payment Time. • At Invoice Validation Time.
. it calculates
withholding only once. then you need to manually adjust the withholding tax. When you create payments in a payment batch or with a Quick payment.
• Include Discount Amount. Allow Manual Withholding. Tax Group.Use Withholding Tax. Payables includes the invoice discount amount when it calculates
withholding tax amounts for the invoice. If you adjust an invoice after you submit Invoice Validation. you have the option to allow your suppliers and supplier sites to be subject to withholding tax. Enable this option to allow manual creation and adjustments of Withholding Tax type distributions for your invoices. Select the time at which you would like Payables to apply withholding taxes to your supplier's invoices:
Withholding Amount Basis. Select this option to enable Automatic Withholding Tax. If you enable this option. Apply Withholding Tax.
When this option is enabled. you will need to manually ensure that each withholding type tax code has an associated tax authority. Note: Payables provides these values only for distributions it creates automatically. The program selects distributions to update as follows: If the current date is before March 1 of the current calendar year then the program updates distributions with a payment date of January 1 of the previous calendar year or later. then the program updates distributions that have a payment date of January 1 of the current year or later. which updates these values on existing Withholding Tax distributions. then you need to enter these values manually. 11/20/2009 .15:58
Tax Defaults and Rules Payables Options
.• Include Tax Amount. If the current date is March 1 of the current calendar year or later. Create Withholding Invoice.
• At Invoice Validation Time. Income Tax Region value. if you
change to an option other than Never. If you create a Withholding Tax distribution manually. When you enable this option. Payables initiates the Update 1099 Withholding Tax Distributions program. However. if the Combined Filing Payables option is enabled. • At Payment Time. Select the time at which you would like Payables to automatically create withholding tax invoices to remit withheld taxes to tax authorities:
Include Income Tax Type on Withholding Distributions. then when Payables automatically creates distributions of type Withholding Tax for 1099 reportable suppliers. Payables includes the invoice tax amount when it calculates withholding tax
amounts for the invoice. Payables automatically provides the following values: Income Tax Type value of MISC4.
Invoice Tax/Witholding Tax/Tax Defaults and Rules
Submitted by Anonymous on Fri. You can create a withholding type tax code without entering a tax authority. If you enable this option then you can report on federal income tax withheld (MISC4) for 1099 suppliers.
Enforce Tax From Account : Enable this option if you want to enforce the relationship between the tax code and the expense or asset account for distributions. Enable each source you want to use by checking its check box. Note: Two Payables options supersede the hierarchy you define. that the tax code matches:
• You have enabled the Enforce Tax From Account option. If you enable the Enforce Tax from Purchase Order option. • You have assigned tax codes to accounts in the Tax Options window in General Ledger. enter a rank (1 is searched first). Payables searches the sources you enable. consecutive number starting with 1. If the tax code does not match the account then Invoice Validation will place the invoice on Natural Account Tax hold. then during Expense Report Import and Payables Open
. If you enable the Enforce Tax From Account option. If you enable the Enforce Tax From Account option. When it finds a tax value. • You have disabled the Allow Tax Code Override option in the Tax Options window in General
Ledger. in the order you designate until it finds a valid active Tax Code value (tax code or tax group). For each source.Use this region to set a hierarchy for Payables to use when it provides default values for Tax Code fields. it stops searching and defaults the tax value to the document you are creating. If the invoice is not purchase order matched or if you have not enabled the Enforce Tax from Purchase Order option. If the following conditions are true then Invoice Validation checks that for every account to which you have assigned a tax code. Payables checks the Natural Account first. Payables always searches first at the Purchase Order Level for purchase order matched documents. and give each source a unique. Payables always searches next at the Natural Account.
If the shipment is nontaxable. the system continues searching in your Tax Code Defaults hierarchy if it finds no Tax Code value on the purchase order shipment. You can also manually release a Tax Difference hold in the Holds window and the Invoice Actions window. the system looks at the Taxable flag on the purchase order shipment during matching. then even though the purchase order shipment is nontaxable. If you enable this option we recommend that you rank Account at or near the top of your source hierarchy to minimize holds. regardless of the rank you assign to the PO for Matched Invoices source in your Tax Code Defaults hierarchy. If this option is enabled. Note: If you enable this option we recommend that you do not also enable the Enforce Tax From Account Payables option in the Tax Defaults and Rules tabbed region. then the system defaults the Tax Code value from the shipment. then Invoice Validation automatically applies a Tax Difference hold to the invoice. and if you want Invoice Validation to verify that the invoice Tax Code value matches the Tax Code value on the purchase order document that the invoice is matched to. Invoice Validation also applies a Tax Difference hold to an invoice if the invoice and purchase order Tax Code values are the same and the purchase order shipment to which you matched is non–taxable. Invoice Tax Payables Options
. Enforce Tax From Purchase Order :Enable this option if you want Payables to honor the Taxable flag on the purchase order shipment. If the tax code is incorrect. If the purchase order shipment to which you matched is defined in Purchasing as taxable.Interface Import the system checks the tax codes of all accounts that have tax codes assigned to them. and enters no Tax Code value on the invoice distribution. and the Tax Code values on the invoice and the purchase order are not the same. If the purchase order shipment is taxable. If this option is not enabled. Payables will not import the invoice or expense report and will list it as an exception. Payables releases the hold when you submit Invoice Validation after correcting the Tax Code on the invoice or on the purchase order you matched to. then the system does not use your Tax Code Defaults hierarchy.
You cannot enable this option if you select Line or Tax Code as your Calculation Level Payables option. This option does not apply to any imported invoices or to credit and debit memos that are entered in the Invoice Workbench. Payables will not require you to enter a Tax Code or Tax Amount in the Invoices window even if you have enabled the Require Tax Entry at Header option. If you enable this option. Payables prevents you from entering Use tax codes on invoices. You may not want to enable this option if you want to allocate tax across selected invoice distributions. If you have enabled this option and the invoice has no tax. You are required to enter a value for a Tax Code field only if one has not defaulted from a source designated in your tax hierarchy. then Payables creates a tax distribution. If you enter a Tax Code and Tax Amount for an invoice. or if your system is set up with a Tax Code default and an automatically calculated Tax Amount. If you allow override of the tax calculation level and you enter an invoice using Line or Tax Code level calculation. Payables automatically calculates a Tax Amount. If you use Automatic Tax Calculation at the Header level.Require Tax Entry at Header. You can adjust the tax distribution in the Distributions window. in the Invoices window you enter a tax code with a zero-percent tax rate assigned to it. Do not enable this option if you want to enter Use type tax codes on invoices. Payables requires you to enter a Tax Code and Tax Amount in the Invoices window when you enter an invoice. If you enable this option. In addition. Payables does not assign the default to the invoices you enter for the supplier site. when you enable this option and enter a Use type tax code as the default tax code for a supplier site.
Includes Tax check box in the Distributions window. This value defaults to new suppliers you enter.
• Line. you can enter a zero amount line with a zero rate tax. When calculating tax amounts. If you enable the Use Automatic Tax Calculation option. See: Disabling Automatic Tax Calculation. You can adjust the default calculation level in the Supplier. calculate tax. and Invoices windows only if the Allow Override option is currently enabled in the previous window. round the tax amount.If the Require Tax Entry at Header Payables option is disabled when you enter an invoice. then enable this option. Payables does no tax calculation but will automatically create a tax distribution if you enter values for Tax Code and Tax Amount in the Invoices window. Supplier Sites. Tax Code. The Calculation Level defaults in the following order: Payables Options -> Suppliers -> Supplier Site -> Invoices. Select this option if you want to enable Payables to automatically calculate and enter tax on invoices. supplier site. Payables copies the invoice tax code and tax amount values to the new tax distribution but does no tax calculation. and
Includes Tax check box in the Distributions window. or invoice. by allocating tax across selected invoice distributions. Automatically create tax distributions based on the distribution Amount. Tax Code. then the Tax Code and Tax Amount fields are optional. and then round the tax amount. group lines with the same tax code and Includes Tax check box setting together. and you also want to create tax distributions for other invoices by manually entering tax distributions. Automatically create tax distributions based on the Invoice Amount and Tax Code in the Invoices window:
• Header. Automatically create tax distributions based on the distribution Amount. When calculating tax amounts. Note that if you enable this option and if you process expense reports in Payables. Calculation Level. select the level at which you want Payables to automatically calculate sales tax.
. then the Expense Report Import program rejects any expense reports that do not have at least one tax line. If you disable this option after you have enabled it. Automatically create tax distributions based on the Invoice Amount and Tax Code in the
• Tax Code. You can enable the Allow Calculation Level override check box in the Suppliers window for new and existing suppliers only if the Allow Calculation Level Override check box in the Payables Options window is currently enabled. Payables will disable Automatic Tax Calculation options throughout the system. You can selectively disable Automatic Tax Calculation for a particular supplier. If this option is not enabled. Use Automatic Tax Calculation. or by matching to purchase orders. Enable this option if you want to allow users to adjust the default value of the Calculation Level option for new and existing suppliers. calculate tax for each distribution. then add the tax amounts. If you do not enable this option. Allow Calculation Level Override. Payables will not automatically calculate sales tax for any invoice entered after you disable the option. If an expense report has no tax. If you want to use Automatic Tax Calculation for some invoices.
Submitted by Anonymous on Fri. you can override the Distribution Amounts Include Tax check box default value for all suppliers. If you enable this option you can also adjust the Includes Tax check boxes in the Expense Report Templates window. When the Distribution Amount Includes Tax check box is enabled at the supplier site. If you enable the Allow Override option. Freight. When you select this option at the supplier site. This value defaults to the Distribution Amounts Include Tax option in the Suppliers window. and you can change it in the Suppliers window if you enable the following option.13:19
. Prepayment type) distributions when Payables automatically creates tax distributions. and you want the Distribution Amounts Includes Tax check box to be enabled by default for all new suppliers you enter. Enable this option if you use Automatic Tax Calculation at the Line level or Tax Code level. Payables always checks the Includes Tax check box for invoice distributions and recurring invoice templates. Allow Override. You cannot enable this option unless you enable Automatic Tax Calculation and you select Line or Tax Code as your Calculation Level.Distribution Amounts Include Tax. Note that if you enable Header as the Calculation Level Payables option. Invoice Gateway. then you cannot enable this option. Misc. Therefore you can never enable the Includes Tax check box in any of the following windows: Distributions. Allow Override. Payables subtracts the calculated tax from non-Tax (Item. 11/20/2009 . Expense Report Templates.
but allows you to proceed with the payment batch. You can then use these
. Payment Batch Limit: The default maximum outlay amount Payables will pay for each payment batch. Payables displays a warning message that you are exceeding your maximum outlay. Payables predefines a document category for each payment method.Bank Account: The internal bank account you use to disburse funds. Payables automatically assigns a document category to a payment document when you define a payment format for the payment document. if you define 5 as the value in this field. Your system administrator can define additional document categories for a payment method. Payables uses this value as a default in the Payment Batches window. Allow Document Category Override Enable this option if you want to allow users to override the default document category assigned to a payment document by Payables. For example. EFT User Number The number which identifies you as a user of electronic funds transfer services to your bank or clearing organization. If your Sequential Numbering profile option is Partially Used or Always Used. Payables adds 5 days to the system date to calculate the default Pay through Date when you initiate a payment batch. Additional Pay Through Days Number of days between your regular payment batches. Payables includes this information in some EFT payment formats. and the Payments window. If a payment batch exceeds the maximum outlay. Payables uses the additional pay through days to determine the default Pay Through Date when you initiate a payment batch.
Payables prorates 10 percent of the discount amount across the tax distributions.additional document categories to override the default document category for a payment document. and if you use Header level tax calculation. only if you enable this Payables option. Exclude Tax From Discount Calculation If you enable this option. If you leave this field blank. Payables also does not allow you to enter a document category for a payment. in which case it is assigned to the price variance account. If your Sequential Numbering profile option is set to Not Used.
. For example. If you enable Automatic Offsets. Prorate Tax: Payables automatically prorates a percentage of the discount amount across the tax distributions. when you enter an invoice. Payables uses the gross amount (including the tax amount) of an invoice as the invoice amount applicable to discount. When you enter an invoice you can always override the default invoice amount applicable to discount. taxes with corresponding offset taxes. choose this method. then the discount is prorated only to the expense lines and not the tax lines. you cannot select Prorate Tax for your Discount Distribution Method Payables option. If your Exclude Tax From Discount Payables option is enabled in this window and you enable this option. Prorate Expense: Payables automatically prorates any discounts across all the invoice distributions. such as VAT taxes. Discount Method The method you want Payables to use for distributing the discounts you take when making payments. and you want to have Payables distribute Discount Taken amounts across balancing segments. Payables uses the System Account method for distributing your discounts. Payables credits the remaining 90 percent of the discount amount to the Discount Taken account. will not be excluded from discount calculation. You cannot select Prorate Tax if your Exclude Tax From Discount Payables option is enabled in this window. If you enable this option. If you do not enable this option. Payables assigns the discount to the charge account unless the invoice is matched to a purchase order with Accrue on Receipt enabled. Payables credits the remaining discount amount to the Discount Taken account you enter in the Financials Options window. Payables does not assign a document category to a payment document and you cannot enter a value in this field. Note that even if you enable this option. Payables subtracts the tax amount from the invoice amount when it enters the invoice amount applicable to discount in the Invoices window. if your tax distributions are 10 percent of the total invoice amount. System Account: Payables credits all discounts to the system Discount Taken account you define in the Financials Options window. Payables only prorates the percentage of discount amount equal to the percentage of your tax distributions.
payment date. then you can print Quick payments. Payables voids the old check and creates a replacement check. you may want to have a fast. XML Payments Automatic Confirmation Enable this option if you use the XML Payments feature and want the system to automatically confirm payment batches that generate Process Payment Request XML messages. When the system automatically confirms a payment batch. the Discount Distribution Method defaults to System Account and you cannot update it.If you enable the Use Bank Charges option in the payment region. then when your system receives a Confirm Business Object Document XML message from your bank that indicates that the XML payment transmission was successful. If you enable this option. the user who formatted the payment batch receives a workflow notification that the payment batch was confirmed. Allow Remit–to Account Override: Check this check box if you want to allow users to change the default primary supplier site bank account during Quick payment and payment batch creation. enable this option. you can override the Payables default of the Remit–to field of the Payments window and the Modify Payment Batch window. if you enable this feature. When you reissue a check. You can then select an alternate Remit–to account from a list of the supplier site’s active bank accounts that use the same payment currency. you can override the Remit–to Bank Account only in the Scheduled Payments window. dedicated concurrent manager queue and a dedicated printer with checks ready to print. Suggestion: If you are going to print Quick payments.
. If you enable this option. and you cannot override this value. Payables allows you to create payments with a payment date before the system date for any payment except a manual payment. You print a Quick payment by selecting the Print Now option in the Payment Actions window. If you enable this option. and payment exchange rate if you are using multiple currencies. the system automatically confirms the payment batch that generated the payment XML message. The checks are identical except that the new check has a new check number. Allow Pre–Date: If you enable this option. You cannot select the Void and Reissue option for future dated payments. Allow Address Change Enable this option if you want to allow users to address a payment to an address other than the invoice’s supplier site’s address. Also. Use Bank Charges: If you want to use the Bank charge feature. you can reissue a Quick payment. You may need to reissue a check for a Quick payment if it is spoiled during printing. you must enter a value for the Bank Charge bearer field in the Supplier region of the Payables Options window. Allow Print: If you enable this option. Allow Void and Reissue: If you enable this option. Payables will enter System Account as the value for the discount distribution method field in the Payment region of the Payables Options window. If you do not enable this option.
at payment maturity. Any accounting entries for gain and loss are controlled by the Account for Gain/Loss Payables option. Payables creates the following accounting entries. and When Payment Clears): Payables accounts for each payment you issue twice—once as an unreconciled payment and once again as a cleared payment. Payables creates the following accounting entries after payment issue: 1.
I.1 reconciled payment: debit the Cash Clearing account and credit the Cash account 2. you cannot take discounts on invoices. If you select both options you have the same functionality as the Allow Reconciliation Accounting option provided in previous releases. You can select one or both options.3 bank errors: account in Cash account and Bank Errors account. Both (When Payment is Issued. Payables then creates the following accounting entries after payment reconciliation or clearing in Cash Management: 2. debit the Future Dated payment Account and credit the Cash Clearing account. This accounting assumes you use accrual basis accounting. Account For Payment
Choose when you want to create payment accounting entries. Then. You specify the GL accounts when you define the payment document. 2. so they are not included here. debit the AP Liability account and credit the Future Dated Payment Account. unreconciled payment: debit the AP Liability account and credit the Cash Clearing account For future dated payments. depending on how the Account for Payment option is set.2 bank charges: debit the Bank Charges account and credit the Cash account 2.If you enable this option. Debits and credits depend whether the bank error was a positive or negative amount
Do not summarize the entries.
Transfer to GL/Mathcing/Currency
Submitted by Anonymous on Thu. Payables creates the following accounting entries. debit the Future Dated payment Account and credit the Cash account. Then.13:29
Transfer to GL Payables Options Use this region to set defaults for submission of the Payables Transfer to General Ledger Process. after clearing. – bank charges: debit the Bank Charges account and credit the Cash account.
• In Detail. If you do not create summarized journal entries. Debits and credits depend whether the bank error was a positive or negative amount. which transfers accounting lines to Oracle General Ledger. Payables creates the following accounting entries. After you issue the payment. Payables does not create accounting entries for payment reconciliation. . For future dated payments. Transfer to GL Interface Select the level at which you want to summarize accounting entries when you submit the Payables Transfer to General Ledger program. Although you can reconcile the payment in Cash Management.unreconciled payment: debit the AP Liability account and credit the Cash account. debit the AP Liability account and credit the Future Dated Payment Account. then Payables creates a journal entry line for each accounting entry. Journal Import imports accounting entries from the GL Interface into Oracle General Ledger. Submit Journal Import Enable this option if you want to submit journal import when you submit Payables Transfer to General Ledger.II. or bank errors. bank charges. Payables combines all the invoice or payment transactions for a particular account or date into a single journal entry line. If Payables creates summarized journal entries. If you use Oracle General Ledger you can also set defaults for submitting Expense Report Import. Payables accounts for each payment once.
. When Payment Clears If you select only this option. • Summarize by Accounting Period. The original accounting entries remain in Payables until you purge them. – reconciled payment: debit the AP Liability account and credit the Cash (asset) account. Summarize the accounting lines by account and date. • Summarize by Accounting Date. 11/19/2009 . or gain and loss at reconciliation. After you clear the payment in Oracle Cash Management. – bank errors: account in Cash account and Bank Errors account. When Payment is Issued: Payables accounts for each payment once. Summarize the accounting lines by account and accounting
period. at payment maturity. III. after payment issue.
Choose this option if you want users to change the Transfer to GL Interface parameter when submitting the report for individual journal categories. they can change the defaults that you set in this region.
Matching Payables Options Allow Final Matching Enable this option to allow final matching of purchase order matched invoices. You can
.Allow Override At Program Submission If this option is enabled. then when users submit the Payables Transfer to General Ledger Process.
any subsequent invoices matched to the purchase order will be placed on hold. Payables only allows you to match an invoice to a purchase order shipment. If you enable this option.indicate a final match when you match an invoice to a purchase order during invoice entry or when you adjust a matched invoice distribution. You cannot final match when you match invoices to receipts. make sure that the flexfield structure is the same for purchase order distributions and invoice distributions. or on any imported invoices. If you enable this option. Attention: If you final match to a purchase order. You can override the account for a matched invoice distribution in the Distributions window of the Invoice Workbench. you can match an invoice to one or more purchase order distributions. or perpetual receipt accrual. In addition. Allow Matching Account Override Enable this option if you want to allow override of the account for an invoice distribution created from matching to a purchase order. Currency Payables Options
. If you do not enable this option. Transfer PO Descriptive Flexfield Information Enable this option if you want Payables to automatically transfer the descriptive flexfield information from the purchase order distribution to the invoice distribution when you match an invoice to a purchase order. you cannot override the account if the purchase order is projects related and the item destination for the purchase order distribution is Inventory. You cannot override the account for a matched invoice distribution if you use encumbrance accounting. and you cannot manually release the hold. Allow Distribution Level Matching Enable this option if you want to allow matching to purchase order distributions.
Payables also allows you to define a multiple currency payment format and bank account if you enable this option. Maturity Rate Type. either manually. Payables allows you to enter a value for functional currency amount in the Invoices window only if this option is enabled. Payables defaults the rate automatically. If you maintain daily rates in the Daily Rates window. Exchange Rate Type Payables uses this as the default exchange rate type when you enter invoices or create payments. If this option is enabled. you still have the option of entering a foreign currency invoice amount and exchange rate so Payables will calculate and enter the functional currency amount. either entered by the user or calculated by the system. Require Exchange Rate Entry Enable this option to require entry of an exchange rate whenever you enter an invoice or a payment in a currency other than your functional currency or an associated fixed rate currency. The Account for Gain/Loss Payables option controls when Payables accounts for gains and losses.
. then Payables always requires an exchange rate. based on the date and the Rate type you enter. If the exchange rate type is User. or by using the AutoRate program. if you select the exchange rate type of User and you provide the functional currency amount.Use Multiple Currencies Enable this option if you want to enter and pay invoices in a currency different from your functional currency. then Payables calculates and enters the exchange rate. and Maturity Rate Date. Payables automatically calculates the realized gain or loss and records it in this account. If this option is enabled then when you enter a foreign currency invoice. After you have entered invoices or created payments. Realized Gain/Loss Payables uses these accounts as the default realized gain and loss accounts for payments from each of your bank accounts. This functionality applies to invoices you enter in the Invoices window and invoices you import from the Payables Open Interface. then you can enable this option so Payables can calculate and enter effective invoice exchange rates for those invoices. then when you enter a foreign currency invoice. Payables checks and warns you if you have any multiple currency bank accounts that are using multiple currency payment formats. You cannot create accounting entries for or pay foreign currency invoices without exchange rates. you are required to enter the Maturity Rate. You must inactivate the payment documents that use multiple currency payment formats and change the Multiple Currency field value on multiple currency bank accounts to disabled before you can change this Payables option from enabled to disabled. If the exchange rate changes between invoice entry and payment. Payables records gains and losses only if you use accrual basis accounting. If you update this Payables option from enabled to disabled. Calculate User Exchange Rate If you already know the functional currency amounts of any foreign currency invoices you are entering. When you create future dated payments. you can enter exchange rates.
The system charges the remaining amount to the rounding account to fully relieve the cash clearing account.001 will be recorded in this account.Rounding Payables uses this account for currency rounding at the following times:
• You use multiple currencies and the payment currency does not round within the payment currency
• The functional currency amounts of payments do not equal the amount recorded as the liability.
• You have enabled automatic offsets and the cash account is pooled. For example. the payment will be for 100. if a payment rounds to 100. and the rounding error of .001 GBP. This happens when you make the final payment of an invoice that is already partially paid.
.00 GBP. This happens when you make the final payment of an invoice that is already partially paid. and you have rounding errors.
The system charges the remaining amount to the rounding account to fully relieve liability.
and define the following periods for Weeks Past Due: 1 Week. Due in 2 Weeks. and Over 3 Weeks.Aging Periods
Submitted by Anonymous on Mon.10:26
Use the Aging Periods window to define time periods for the Invoice Aging Report. if you select Weeks Past Due for the Type parameter. You can use the Aging Periods window to modify or reorder the periods within an aging period type at any time. You also define a type of aging period called Current. For example.
. 11/23/2009 . When you submit the Invoice Aging Report. and define the following periods for Current: Due in More than 3 Weeks. and Due in 1 Week. Each column corresponds to one period. Payables displays the invoice information in four columns. 2 Weeks. 3 Weeks. The Invoice Aging Report provides information about invoice payments due during four periods you specify. Payables reports on the four periods with that type. you select the type of aging periods to use for the report. you define one type of aging period called Weeks Past Due. When you submit the report. Due in 3 Weeks.
During the Payables Invoice Validation process. you can group them into tax groups in the Tax Groups window.5% rate the next year. You define the Tax Code Defaults hierarchy in the Payables Options window to determine the order in which Payables searches for a tax value (tax code or tax group) when a Payables document requires a default tax value. a tax rate.14:54
In the Tax Codes window. Payables uses the tax code to validate that you have entered tax distributions correctly. or tax codes.Tax Codes
Submitted by Anonymous on Sun. and Payables adjusts the calculation. you use on invoices to record invoice taxes you pay to suppliers and tax authorities. you define the tax names. and an account to which you charge tax amounts. For example. If you use automatic tax calculation. and a 10. You can define tax codes that have different tax rates during an effective date range you specify. Simply select the Includes Tax check box when you enter the distribution. Each tax code has a tax type. You do not need to define special tax codes for distributions that include tax. you can define a tax code that has a 10% rate one year. Payables automatically uses the correct rate depending on the invoice date. Payables calculates the invoice sales tax and automatically creates tax distributions. You can then enter a tax group in the Tax Code field for Payables and Purchasing transactions to calculate multiple taxes on a single taxable item. You can assign tax codes to expense or asset accounts so that Payables will automatically enter the appropriate tax code when you enter an account. 11/22/2009 . After you define tax codes.
When you use the Sales or User–defined tax on an invoice. You can also use this feature to manage multiple tax recovery requirements. you do not need to set up tax groups.
. In the Tax Codes window you can associate Offset taxes with Sales or User–defined taxes. If you only use single tax codes with a single recovery rate. tax amount limits. and taxable amount limits.Offset Tax Codes Offset taxes are negative–rate taxes. effective date ranges. 11/22/2009 . Then when you define the Sales or User–defined tax. enter the Offset tax code in the Offset Tax field.15:05
Use Tax Groups to combine your tax codes into tax groups to calculate multiple taxes on single taxable items in your Payables and Purchasing transactions. Withholding Tax Codes Withholding Tax type tax codes can have multiple rates. You can also link a tax authority supplier to a Withholding Tax type tax code so you can create invoices to pay taxes you withheld from your suppliers. but the associated Offset tax reduces or eliminates your tax liability. you record the tax. To associate an Offset tax with a Sales or User–defined tax. first define the Offset tax.
Submitted by Anonymous on Sun.
In the Tax Codes window you specify the recovery rate by entering either a
. and recovery rules or recovery rates.14:46
If you record partially recoverable and nonrecoverable taxes in Payables or Purchasing. You can assign individual tax codes to tax groups in the Tax Groups window. 11/22/2009 . you can either enter a tax group or an individual tax code in fields that require a tax code. you can enter a tax group name in the Tax Code field in the Invoices window. These tax codes can have associated offset taxes. For example. You can assign any Sales or user–defined tax code to a tax group. You can assign the same tax group to multiple taxable items on an invoice. When you use a tax group. the system calculates the tax amounts for each tax code in that tax group. The Tax Defaulting Hierarchy can also use tax group values to provide default tax values to transactions you enter. Attention: The tax rates and accounting entries used throughout this manual are provided for illustration purposes only.You can use your tax groups with any transactions that you enter along your procure–to–pay chain. However. the system calculates the recovery rate for tax codes (including tax codes in tax groups) you use for invoices and purchases order distributions. Please contact a tax professional for specific implementation requirements.
Tax Recovery Rules
Submitted by Anonymous on Sun. After you define your tax groups. The system will then calculate multiple taxes for the invoice. you can use only one tax group within a single invoice.
Use a tax recovery rule if the recovery rate varies.23:36
Set up suppliers in the Suppliers window to record information about individuals and companies from whom you purchase goods and services. When you enter a supplier that does business from multiple locations. and condition. For example. you set up a recovery rule with different recovery rates for January and February. Each active rate must have a unique combination of account range. you store supplier information only once. effective dates. Most supplier information automatically defaults to all supplier sites to facilitate supplier site entry. and enter supplier sites for each location. you can buy from several different sites and send payments to several different sites. 08/09/2009 . For example. Specify a PL*SQL function name when you need to use a complex tax rule.
. When you define a recovery rule. you can specify the recovery rate with either a percentage rate or a PL*SQL function name. the nature of the goods or services purchased 3. it uses the January rate and for a February distribution it uses the February rate. the intended usage for the items purchased The account for a purchased item provides information about its recovery rate. you can override these defaults and have unique information for each site. supplier type)
In the Tax Recovery Rules window you can define tax recovery rules. You can designate supplier sites as pay sites. the account records information that might influence the recovery rate such as the division or cost center purchasing the item. depending on the following distribution attributes:
• Distribution account • Invoice date • Condition (for example. for a single supplier. For example. the nature of the business or the organization 2.
Submitted by Anonymous on Sun. You can set up recovery rules to assign recovery rates based on the rate you assign to an account range. Each tax recovery rule can have multiple rates. You can also enter employees whom you reimburse for expense reports. RFQ only sites. The degree of tax recovery can be influenced by factors such as: 1. However.fixed percentage rate or a tax recovery rule. When the system calculates the recovery rate for a January invoice distribution. or procurement card sites. purchasing sites. and the natural account of the item.
When the system enters that information in a later transaction. such as names of contacts or the customer number your supplier has assigned to you. If you update information at the supplier level. you can create an unlimited number of sites with different addresses and contacts.
• Setting Up Suppliers and Supplier Sites • Merging Suppliers
Setting Up Suppliers and Supplier Sites
Submitted by Anonymous on Sun. existing supplier sites are not updated. it only uses supplier site information as a default. Most information you enter in the Suppliers window is used only to enter defaults in the Supplier Sites window. 10/18/2009 . for a single supplier. you can update them at any time to change controls and defaults for future transactions. For example.
Oracle Payables contains a hierarchy of options and defaults to expedite and control data entry.21:22
For every supplier. Although you need to define these options and defaults only once. You can override options and defaults at lower levels in the hierarchy.The system uses information you enter for suppliers and supplier sites to enter default values when you later enter transactions for a supplier site. you can buy from several different sites and send the payments to only one site. you can also record information for your own reference. even if the supplier site value is null and the supplier has a value. When you enter a supplier. Options and defaults set at one level automatically cascade down to all lower levels in the hierarchy.
• You can designate supplier sites as one of the following types:
• Entering Basic Supplier Information Control/ Purchasing and Receiving option Invoice Tax/Withholding Tax/Tax Reporting Region Bank Accounts/Accouting/Payment Region
. You cannot create purchase orders in an RFQ Only Site. verify that the supplier does not already exist in the system. Avoiding Duplicate Suppliers Before setting up a new supplier. • Submit a Supplier Audit Report to obtain a listing of suppliers whose names are the same up to a
specific number of characters.
• Perform a Find or Query on the supplier name. Contact information is for your reference only and is not used by the system.Pay Site: You can only enter an invoice for a supplier site that is designated as Pay Site. you can enter contact information (name. • Submit a Suppliers Report.Purchasing Site: You can only create purchase orders in a Purchasing Site. .RFQ Only Site: In Oracle Purchasing you can only create request for quotations from a Request For Quotations (RFQ) Only Site.
• Compare the supplier name with the names on these reports to ensure that the supplier does not
already exist in the system. . and telephone number)
specific to that site.
• For every supplier site. address. The verification eliminates the possibility of having duplicate suppliers and invoices in the system and improves the system performance.
1. 5 To prevent invoice or purchase order entry for this supplier after a certain date.) 2 If you do not enable the Automatic Supplier Numbering option in the Financials Options window.
Enter Supplier Information in the General Region Define parent/subsidiary relationships in the General region. 4 If you are entering a value-added tax (VAT) supplier. After verifying that a supplier does not already exist. enter a unique supplier number. 10/20/2009 . optionally enter the VAT registration number in the Tax Registration Num field. enter the inactive date in the Inactive After field. set up a new supplier with a unique name in the Suppliers Summary or the Suppliers window.
. enter the Taxpayer ID. usually the tax identification number (TIN) for a company or the social security number for an individual. Entering Employees as Suppliers Entering Information at the Supplier Site Level
Entering Basic Supplier Information
Submitted by Anonymous on Tue. not Oracle Corp. Oracle Corporation. 3 Optionally. Use a naming convention to prevent future duplications (for example.
enter the name of the supplier’s parent company if the supplier is a franchise or subsidiary. This number appears on the Oracle Purchasing standard purchase orders. If you are entering an employee as a supplier. the system displays the parent supplier number.
1. enter the number that your supplier uses to identify your company or organization. 2. The parent company must be defined as a supplier in the system first. In the United States. You define employees as supplier to enter expense report (from which you create invoice and pays to employees for expenses occurred due to official reasons) 3. In the Number field. In the SIC field. Select a supplier type from the Supplier Type list of values to group the supplier for reporting purposes. some customers receive certain government contracts only if a percentage of their suppliers are classified in certain categories. For example. 2 In the Customer Number field.1 In the Parent Supplier Name field.
. customers often use this region to classify their suppliers for government reporting purposes. select the One Time check box. classification information is not used by the system and is for your reference only. If you do not expect to do repeat business with a supplier. enter the standard industry code (SIC) for your supplier. 1. Enter the employee name if applicable. you must select Employee in this field. Supplier Information in the Classification Region Except for Type and Employee name.
you can enter the specific wire or other electronic payment instructions for an intermediary or recipient financial institution. If you want to track business with companies owned by women.15:14
Suppliers: Control Region (N) Suppliers—>Entry (B) Open
. indicate the type of information that is transmitted with the funds if the Payment Method is ACH. 4. select the Woman Owned check box. select one of standard EDI transaction codes. If you want to track business with small companies. 4. 3. select the type of minority-owned business from the list of values. select the Small Business check box. 1. 5. indicate how the electronic payment is to be made.2. In the Transaction Handling field. In the Minority Owned field. In the Remittance Method field. 3. 2.
Control/ Purchasing and Receiving option
Submitted by Anonymous on Tue. In the Payment Method field. In the Payment Format field. 10/20/2009 . indicate which party is responsible for sending the remittance advice to the payee. Suppliers: Electronic Data Interchange (N) Suppliers—>Entry (B) Open
This region is accessible only when you select Electronic as the payment method in the Payment Region of this window. In the Remittance Instruction field.
you do not match an invoice to a purchase order (and instead enter distributions manually or with a distribution set). you prevent the supplier from being selected for payment during a payment batch or for a Quick payment. specify the reason that you are applying an invoice hold to invoices 6. you can pay invoices that were entered before selecting this option. 1 Invoice Amount Limit: If you enter an invoice that exceeds the invoice amount limit specified in this field. Select the Invoice Match Option IMO(Invoice Match Option) determines for which transaction(a PO/receipt) you are making an invoice. Oracle Payables applies an Amount hold to the invoice during approval. 3 By selecting the Hold Unmatched Invoices check box. Oracle Payables places a Matching Required hold on the invoice during approval. The details verified are supplier information. qty. There are several types of supplier related holds that you can select for a supplier. 5 In the Hold Reason field.You can prevent payment of multiple supplier invoices by applying a hold to the supplier rather than on each individual invoice. you can set a PO to any one of the following examples:
. MAL(Match Approval Level) is used in receiving option. Oracle Payables automatically applies a Supplier hold to all new invoices entered for the supplier. However. For example. The available options are 2-way matching This verifies that Purchase order and invoice information match within your tolerances as follows and check following: Invoice price <= Purchase order price Quantity billed <= Quantity Ordered 3-way matching This verifies that the receipt and invoice information match with the quantity tolerances defined and check following: Invoice price <= Purchase order price Quantity billed <= Quantity Ordered Quantity billed <= Quantity received 4-way matching This verifies that acceptance documents and invoice information match within the quantity tolerances defined and check following: Invoice price <= Purchase order price Quantity billed <= Quantity Ordered Quantity billed <= Quantity received Quantity billed <= Quantity accepted The Invoice Match Option and the Match Approval Level are independent options. You can perform whichever Invoice Match Option you want regardless of the Match Approval Level. 4 By selecting the Hold Future Invoices check box. When you create an invoice and validates it the system ‘ll check the invoice details with the PO/Receipt details as mentioned in the IMO. 2 By selecting the Hold All Payments check box. price etc.
Invoice Tax/Withholding Tax/Tax Reporting Region
Submitted by Anonymous on Tue.2-way/Purchase Order #2 . In #2 & #4 If I do not create a Receipt for these POs and try to match to the PO number.PO#5052 .3 way/Receipt The Invoice Match Option determines what document you can match the invoice two.#1 .2-way/Receipt #3 .15:46
. In this case we will receive a qty hold because we have the PO set to 3 way matching. The Match Approval Level determines what if any type of hold will be placed based on the Invoice Tolerance setup. we do not receive the PO.PO#5051 . the system will not allow me to. or update the Invoice Match option for the shipment and then complete this match. and invoice quantities must match within tolerance before the corresponding invoice can be paid.PO#5049 .3 way/Purchase Order #4 . however. Purchase order.3 way/Purchase Order. So let's say we create a PO like #3 PO#5051 . receipt.PO#5050 . It will give me a APP-SQLAP-10655: You cannot match to this document You can match only to the document (purchase order or receipt) specified by the Invoice Match option on the purchase order shipment. Either match to the specified document. 10/20/2009 .
select the tax name that represents the tax charges you generally receive
.Suppliers: Invoice Tax Region (N) Suppliers—>Entry (B) Open 1. In the Invoice Tax Name field.
or round Nearest to round to the nearest.Line: Automatically create tax distributions based on the distribution amount. and if you want Oracle Payables to make an inclusive tax calculation where the calculated tax amount is subtracted from the item distribution lines. The options that you select for a supplier default to the new supplier sites that you enter and then default to invoices that you enter for the site. Oracle Payables displays the Name Control you enter here when you create the 1099 Tape for federally reportable suppliers. Name Control: Enter the first four characters of the last name of the 1099 supplier in this field.
. 2. tax name. Reporting Name: This field is required only if the tax reporting name for the supplier differs from the supplier name. 2. 4. if you have selected Line as your Calculation Level. instead of the supplier name. In the Rounding Rule field. For income tax reporting purposes. on all 1099 reports for the supplier. on invoices. select a tax name that is used in conjunction with a value added taxes (VAT) invoice tax name for reporting intra-EU VAT charges. Oracle Payables displays the supplier site that you chose as the income tax reporting site. In the Reporting Site field. 1. you cannot allow withholding tax for any of the supplier’s sites. Suppliers: Withholding Tax Region (N) Suppliers—>Entry (B) Open Use this region to enter withholding tax information for a supplier and supplier site. select the appropriate tax type for the supplier.on invoices from the supplier.Header: Automatically create tax distributions based on the invoice amount and tax name. Suppliers: Tax Reporting Region (N) Suppliers—>Entry (B) Open 1. you cannot withhold taxes for any invoices entered for this supplier site. Select the Allow Withholding Tax check box to allow withholding taxes for the supplier and supplier site. You have access to this region only if you selected the Use Withholding Tax check box in the Payables Option window. Select the Distribution Amounts Include Tax check box. In the Withholding Tax Group field. In the Offset Tax Name field. You can only choose one supplier site as the income tax reporting site for a supplier. 4. select the method that you want the system to use to round the tax amount. you can enter values in the Invoice Tax Name and Offset Tax Name fields only at the supplier site level. 6. Oracle Payables prints this name. Select the appropriate Calculation Level at which you want Oracle Payables to automatically calculate taxes. You can select Up to round up. If you do not allow withholding tax for a supplier. 2. As a result. or round Down to round down. select a default withholding tax group to assign to all invoices for the supplier site. Note: If you use the Multiple Organization feature. Select the Allow Calculation Level Override check box if you want to allow updates of the default value of the Calculation Level option for the supplier sites 5. . . Identify a supplier as Federal and State reportable by selecting the appropriate check box. 3. 3. Oracle Payables requires a tax reporting site for each 1099 supplier. In the Income Tax Type field.
Oracle Payables displays the bank account number. Oracle Payables displays the supplier’s bank and branch information in the Bank and Branch fields. In Oracle Payables you can submit Tax Information Verification Letters for your suppliers. In the Verification Date field. In the Effective Dates From and To fields. 6. define the bank accounts for which your supplier is the account holder. enter dates to limit the time during which a supplier site uses this bank account as the primary bank account for receiving electronic payments. Select the Primary check box if you want to use this bank account as a default when you pay this supplier electronically.
Bank Accounts/Accouting/Payment Region
Submitted by Anonymous on Tue. Oracle Payables displays the currency for the bank account. The United States Internal Revenue Service (IRS) requires this information if you use magnetic media to file your 1099 tax information. Prerequisite: In the Bank Accounts window. 10/20/2009 . In the Name field. Oracle Payables prevents the generation of any further letters to a supplier after the verification date.14:42
How to Enter Supplier Information in the Bank Accounts Region Use the Bank Accounts region to record the supplier bank accounts information that you use for making electronic payment transactions. 1.5. In the Organization Type field. select the name of the bank account. 2. In the Number field. select the type of organization for this supplier. 3. enter the date on which you received tax verification from the supplier. In the Cur field.
Accounting information Accounting information is entered only at the supplier site level. Suppliers: Payment Region (N) Suppliers—>Entry (B) Open The defaults in the Payment region come from the defaults that you enter in the Financials Options window, except for the default for Pay Group, which comes from the Payables Options window. 1. In the Terms field, select a payment term for the supplier. Oracle Payables uses payment terms to calculate due dates, discount dates, and discount amounts for each invoice. 2. In the Pay Group field, assign a Pay Group to the supplier. When you create a payment batch, you can choose a Pay Group to pay a category of suppliers or invoices at the same time. 3. In the Payment Priority field, enter a number, between 1 (high) and 99 (low), that represents the priority of payment. 4. In the Invoice Currency field, select the invoice currency for the supplier. The invoice currency is used as a default for the Purchasing documents and Oracle Payables transactions that you enter for a supplier. 5. In the Terms Date Basis field, select the date from which Oracle Payables calculates a scheduled payment for a supplier. - If you select Current, when you enter invoices, Oracle Payables defaults the current date as the terms date. - If you select Goods Received, when you enter invoices, Oracle Payables prompts you to enter the date on which you received the goods for an invoice as the terms date. - If you select Invoice, when you enter invoices, Oracle Payables defaults the invoice date as the terms date. - If you select Invoice Received, when you enter invoices, Oracle Payables prompts you to enter the date on which you received an invoice as the terms date. 6. In the Pay Date Basis field, select Due or Discount as the pay date basis for the supplier. The pay date basis determines the pay date for the supplier’s invoices. 7 In the Payment Method field, select the method you use most frequently to pay the supplier’s invoices: - If you select Check, you can pay with a manual payment, a Quick payment, or in a payment batch. - If you select Electronic, you pay electronic payments either through the EDI Gateway or by delivering a payment batch file to your bank. - If you select Wire, you can manually record an external wire transfer of funds between your bank and your supplier’s bank. - If you select Clearing, you can record invoice payments to internal suppliers. - If you select Future Dated, you can create payments with a future date that instructs your bank when to disburse funds to your supplier’s bank (for example, a bill of exchange). - If you select Manual Future Dated, you can disburse funds to a supplier who sends an invoice with a payment notice attached. You approve the supplier’s payment notice, which includes a future payment date, and send it to your bank. 8. In the Invoice Currency field, select the default currency for all supplier invoices. 9. In the Payment Currency field, select the default currency for payments to the supplier.
10. Always Take Discount: Select this option to have Oracle Payables always take the available discount for a supplier, regardless of when you pay the invoice. 11. Exclude Freight From Discount: If this option is selected, Oracle Payables automatically subtracts the freight amount from the invoice amount when calculating the invoice amount subject to discount. 12. Allow Interest Invoices: If you select this option, Oracle Payables calculates interest for the supplier’s overdue invoices and creates corresponding interest invoices when you pay the overdue invoices. You can select this option, if you have already selected the Allow Interest Invoices check box in the Payables Options window. 13. Pay Alone: If you select this option, Oracle Payables creates a separate payment for each invoice. If the Pay Alone option is not selected, all invoices for the same supplier site are paid on a single payment.
Entering Employees as Suppliers
Submitted by Anonymous on Tue, 10/20/2009 - 17:06
Suppliers: Classification Region (N) Suppliers—>Entry (B) Open
You must enter an employee as a supplier before you can pay the employee’s expense reports. You can enable the Automatic Create Employee as Supplier Payables option to automatically enter an employee as
Enter Basic Supplier Site Information 1. To distinguish between a supplier’s sites. Note that Accounting information is entered only at the supplier site level. or you can enter the employee manually as a supplier in the Suppliers window. 2.16:58
Except for Receiving. the site names should be unique (for example. Select the appropriate Site Uses check boxes to indicate which specific business functions are performed at each site. 10/20/2009 .
Entering Information at the Supplier Site Level
Submitted by Anonymous on Tue. General Supplier Site Information 1. and Sites categories. To enter an employee as a supplier manually: 1 In the Classification region of the Suppliers window. select Employee as the supplier type. Enter the supplier site address. Classification. General. city name or branch name).
. 2 Enter the employee name and employee number in the appropriate fields. all categories of information that are entered at the supplier level can also be entered at the supplier site level. Enter the supplier site names. The information that you enter at the supplier level cascades down to all supplier sites. The site name is for your reference when you select a supplier site from a list of values during transaction entry and will not appear on documents that you send to the supplier.a supplier during Invoice Import.
enter contact information specific to that site. Oracle Payables displays the description for the account number. A site can be both a Pay Site and a Purchasing Site. This should be selected only if you do not allow entering purchase orders for a supplier site. select the default liability account number. enter the default prepayment account number for recording any prepayment to the supplier site.. In the Prepayment field.A Pay Site is a supplier site to which you send payment for an invoice. . Contact Information In the Contact Region. . You cannot enter an invoice for a supplier site that is not defined as a Pay Site.An RFQ Only Site is a supplier site from which you enter a request for quotations. 2. select the default distribution set for all invoices entered for the supplier site. 3.A Purchasing Site is a supplier site from which you create a purchase order for goods and services. Oracle Payables displays the account description. In the Liability field. In the Distribution Set field. 2. This information is for your reference only and is not used by the system.
. Enter any additional supplier site information in the appropriate field. Accounting Region (N) Suppliers—>Entry (B) Open Entering Supplier Site Information in the Accounting Region 1.
purchase orders. Oracle Payables will not merge invoices if the merge would create a duplicate invoice for a supplier.
• Use Supplier Merge to combine two or more suppliers that you identify as duplicates. For example. You might also create duplicate suppliers if you import suppliers from another accounts payable system. or both from one supplier and
site to another supplier and site. 10/22/2009 . you may inadvertently define the same supplier by using two different names.
• When you merge suppliers. You can
update purchase orders and invoices for the old supplier to refer to the new supplier. The Supplier Merge window also enables you to merge supplier sites so that any sites assigned to an old supplier can be reassigned to the new supplier. you might enter ABC Corporation and ABC Corp. you transfer invoices. transfer both paid and unpaid invoices to a new supplier and site so you
can identify duplicate payments easily. or you might enter a contractor under his name and his company name.
• For best auditing results. transfer both purchase orders and invoices to a new supplier and site so all invoice and purchase order information refers to the same supplier.Merging Suppliers
Submitted by Anonymous on Thu.
Although the system prevents you from entering duplicate supplier names. Also. You can transfer to a new supplier and site unpaid invoices only or all invoices (including paid and partially paid invoices).
During the merge. .To merge the Old Supplier Site information with the New Supplier Site information. or None. 3. You can then update the invoice number if the invoice has not been paid or posted. Select which invoices to transfer from the Old Supplier to the New Supplier: All. Enter the Old Supplier Name and Site and the New Supplier Name in the appropriate fields. do not enter a New Supplier Site.
. Unpaid.• After you have merged suppliers. Research the duplicated invoice. 4. Merging Suppliers
(N) Suppliers—>Supplier Merge 1. Check Merge to transfer the information from the Old Supplier to the New Supplier. 2. enter one of the New Supplier’s existing sites in the Site field. because you can only enter an invoice for a supplier that is defined as Pay site. Also make sure the New Supplier site is a Pay Site. During the merge. Oracle Payables automatically prints the Purchase Order Header
Updates Report and the Supplier Merge Report as an audit trail of your supplier merge activity. Oracle Payables enters the merge date as the inactive date for the Old Supplier site and combines all of the information you selected with the New Supplier Site. The New Supplier Site must be a Purchasing Site. . do not select Copy Site. The Supplier Merge Report also lists any duplicate invoices that it did not merge. because you can only enter purchase orders for a Purchasing Site. Oracle Payables enters the merge date as the inactive date for the Old Supplier Site and creates a new site for the New Supplier with the information you selected to transfer. Select the PO check box if you want to transfer purchase orders. select Copy Site.To copy the Old Supplier Site to the new Supplier.
Submitted by Anonymous on Sun. Information specified at the invoice header level defaults down to the line level. Purchasing. remittance information.23:32
An invoice is an itemized list of goods shipped or services rendered. Invoice Lines The invoice lines define the details of the goods and services as well as the tax. and Receivables. supplier information. as required. and payment terms. When you enter an invoice in Payables. 03/15/2009 . or you can automatically generate lines by matching the invoice to a purchase order shipment. with an account of all costs. freight. You can override the header level information for individual lines. Inventory. Property Manager. or receipt
. The Lines tab of the Invoice Workbench captures all of the details for the invoice line necessary for accounting. Grants Accounting. Oracle Payables lets you capture all the attributes of the real-life invoice documents you receive from your suppliers. the invoice information is divided between the invoice header and the invoice lines. pay item.
Invoice Header The invoice header defines the common information about the invoice: invoice number and date. such as Assets. For each invoice. you can manually enter invoice lines. as well as for cross-product integration with other Oracle E-Business Suite applications. There can be multiple invoice lines for each invoice header. and miscellaneous charges invoiced by the supplier. Projects.
The employee is the supplier. or QuickMatch invoices in the Invoice Workbench. Mixed. Mixed. and the currency. Oracle Payables completes the match automatically for each shipment line.Invoice Types 1.
. Payables fills out as much information from the purchase order as possible: supplier name.1 Standard A regular supplier invoice. You can enter either a positive or negative amount for a Mixed invoice. Credit Memo An invoice you receive from a supplier representing a credit for goods or services purchased. 1. another invoice. 4. 5.4 Mixed A standard or credit/debit memo invoice that you want to match to a purchase order. supplier site. Prepayment An invoice used to make advance payments for expenses to a supplier or employee.3 QuickMatch An invoice you want to match automatically to a specified purchase order and all the shipment lines on the purchase order. 1. In this case. Expense Report An invoice you enter to record business-related expenses for employees. you might not have actually received the goods or services yet. or both. or QuickMatch invoice. where the quantity ordered is greater than the quantity already billed against that shipment line. Payables will change the invoice type to Standard. Interest Invoice Note : Once you have saved an invoice with the type of PO Default. Witholding Tax 7. 2. 6. Debit Memo An invoice that notifies a supplier of a credit you recorded for goods or services purchased. including a description and price. You cannot later search and find PO Default. 1. supplier number. The invoice usually includes line item details. 3.2 PO Default An invoice for which you know the matching purchase order number.
• Invoice Workbench • Enter Invoices with Matched PO & Receipts • Creating Distributions by Allocation Cancel Invoice Mixed Invoices Credit and Debit Memos • Prepayments • Recurring Invoices Invoices: Integration with Oracle Projects Payment Requests Validation
Submitted by Anonymous on Mon. Functionality available only by invoice entry in the Invoice Workbench Use the Invoice Workbench to: • Enter Prepayment type invoices Invoices • Enter Debit Memo type invoices • Match Credit Memos to invoices • Calculate taxes on invoices Online results seen only in the Invoice Workbench Although the following occurs during import. such as payment. else the syetem would throw the following error
Entering Invoice Batches in the Invoice Workbench
. 03/16/2009 . Invoice Workbench Used to enter any invoice directly into the Payables system.17:12
You usually enter supplier invoices in either the Invoice Workbench or the Quick Invoices window. Use this instead of the Quick Invoices when entering complex invoices or invoices that require online validation and defaulting. Also used when entering an invoice that needs immediate action. in the Invoice Workbench you can see online results of the following: • Tax lines and distributions • Allocation • Automatic sequential voucher numbering AP: Use Invoice Batch Controls The above profile option needs to be set as Yes to access the AP Batch window.
• Easily locate a batch online and review the name of the person who created the batch and the date
it was created. Enable the AP: Use Invoice Batch Controls profile option.
. The profile option can be set up in user level and should be NO to create invoice without batch.You can use invoices batches to:
• Enter invoice defaults at the batch level that override system or supplier site defaults for all invoices
in the batch.
• Maximize accuracy by tracking variances between the control invoice count and total and the actual
invoice count and total resulting from your invoice entry. Prerequisites
1. This profile option is setup to allow
creation of invoice either in batch or in single mode.
Enter any Invoice Defaults you want for the invoices. For example. 3. In the Invoice Batches window enter a unique value in the Invoice Batch Name field. or you can adjust the invoice batch later. you may want to include in your invoice batch name the date or the initials of the person who entered the batch. Note: If there is a discrepancy between the invoice amount and batch amount. Choose the Invoices button and enter the invoices. Type. To enter an invoice batch: 1. 2. 3. This name will appear on your reports and will help you locate the batch online. then leave the Payment Terms field here blank. Payment Terms. These values you enter for defaults override any system and supplier site defaults for the invoices. Enter the number of invoices in the batch in the Control Count field. Hold Name. When you enter individual invoices you can override any values that default from the batch. and Hold Reason. Payables warns you when you exit a batch but it does not prevent Invoice Validation and payment of the individual invoices within a batch. GL Date. Liability Account. if you want the purchase order to provide the default value for Payment Terms on the invoice. a systematic naming convention will facilitate retrieval. Payables tracks variances between the Control Count and Total and the Actual Count and Total as you enter invoices. Pay Group. Defaults include: Currency. Document Category. You can make a correction immediately. Establish a systematic naming convention to help you locate batches.
. 4. Enter the sum of invoice amounts in the batch in the Control Total field.2. Tip: If you file physical documents by invoice batch name. For example. Group unentered invoices into batches.
A basic invoice is a trade invoice you receive from a supplier that will not be matched to a purchase order or receipt. Header Information
You can use the Invoice Workbench to enter basic invoices. 05/15/2009 . Prerequisite Enter the supplier and at least one pay site in the Suppliers window Select Standard or Mixed for the invoice Type. Note: Standard invoices must have positive lines and Mixed invoices can have positive or negative lines.• Entering Basic Invoices in the Invoice Workbench
Entering Basic Invoices in the Invoice Workbench
Submitted by Anonymous on Fri.
Enter the supplier number. Pay Group. invoice date and invoice number. Payables prints the address for the Supplier Site on the payment. Terms. Payment Terms Date. 4. Note: Standard invoices must have positive lines and Mixed invoices can have positive or negative lines. Invoice Date. Select Standard or Mixed for the invoice Type. and Terms Date.
. Supplier Site.1. 2. Payment Method.Accept defaults for the basic invoice header information such as the Trading Partner. Enter or review the defaults for these fields. Invoice Currency. and Invoice Amount. Supplier Number. Payables automatically schedules payment of the invoice using the following header fields: Invoice Amount. 3. Review and update the Payment Terms. Invoice Number. as necessary.
you can distribute expenses from one office supply invoice to expense accounts for several departments. 4. select the Lines tab. For example. enter the Quantity Invoiced. and Unit Price of the item you are invoicing.
.1. Optionally. Enter the line Type. or the invoice will not pass validation. You can only enter tax lines if your tax setup permits. Enter an invoice line for each line that appears on a supplier's invoice. or Tax. Enter the total Amount of the invoice line as shown on the supplier's invoice. 2. Payables uses distributions to create accounting entries for invoices. To enter invoice lines. Freight. 3.
Distribution Information The distributions you enter for an invoice allocate the total invoice amount to various expense or asset accounts. Miscellaneous. Possible types are: Item. Note: The Gross Total for the invoice lines must be the same as the Invoice Amount for the invoice header. UOM.
• Automatically by Matching to Purchase Order. Review the distributions by clicking Distributions. To manually enter distributions for the line.Enter distribution information for the line. automatic withholding tax lines. or lines related to corrections. click
Distributions. Review the Distribution Set for the line. If the invoice is matched to a purchase order. prepayment applications/unapplications. the
distributions default into the invoice from the purchase order. you can change the distribution set as required. Then during Invoice Validation. the system
. You cannot enter distributions manually for the following types of invoice lines: purchase order/receipt matched lines. You can enter distributions in the following ways:
• Automatically using a Distribution Set. Click Allocation
Payment Schedules When you first save the invoice header. If you are entering a Freight or Miscellaneous line. If the Distribution Set
defaulted from the invoice header.
• Manually in the Distributions Window. you can create
distributions by allocation. Payables automatically schedules payment for each invoice based on the Payment Terms and Terms Date you enter for the invoice.
• Manually by allocating charges.
recreates the scheduled payments and overwrites any manual adjustments if: • The Recalculated Scheduled Payment Payables Option is enabled. Payables calculates the due date as 30 days after the Terms Date. you can enter tax lines. discount date. For example. Tax Lines Enter tax lines for the invoice.
Payables uses the Payment Terms definition to calculate the due date. if an invoice has Payment Terms of Net 30. and discount amount for each scheduled payment. or • The Exclude Tax from Discount Calculation Payables option is enabled and you have made changes to the tax amount on the invoice. This recalculation is based on your most favorable available payment terms and start dates.
• Manually : If your tax setup permits. You can enter tax lines:
• Automatically : Click Calculate Tax and E-Business Tax determines the applicable taxes based on
the invoice header and line information and calculates the appropriate tax lines and distributions. Payables will also recalculate your scheduled payments during Invoice Validation. You can assign default Payment Terms to a supplier.
. If you enable the Recalculate Scheduled Payment Payables option.
or you can match to purchase order receipts to ensure that you pay only for goods that you have received. When you enter an invoice and match it.Enter Invoices with Matched PO & Receipts
Submitted by Anonymous on Mon. Oracle Payables applies a hold to the invoice. If you are billed for an item over the amount and quantity tolerances you define in the Invoice Tolerance window. You can match a single invoice to multiple purchase order shipments. during approval. Purchase order matched invoices are invoices that you match to any of the following:
• Purchase order shipments • Purchase order receipts • Purchase order receipt lines • Purchase order distributions
Matching Invoices to PO
Oracle Payables shares purchase order information from your purchasing system to enable online matching with invoices. Payables automatically creates distributions for you and checks
. or you can match multiple invoices to a single purchase order shipment. Match your billed (invoices) items to the original purchase orders to ensure that you pay only for the goods or services you ordered. 03/16/2009 . Oracle Payables ensures that you match only to purchase orders for the supplier on the invoice and that the purchase order and invoice currencies match. which prevents payment.17:57
You can match Payables invoices to purchase orders to ensure that you pay only for the goods that you have ordered.
After you save the match.
• Adjusting Purchase Order Matched Invoices • Invoice Matching : How and What
.that the match is within the tolerance you define. Payables also updates the amount billed on the purchase order distribution(s). Payables updates the quantity or amount billed for each matched shipment and its corresponding distribution(s) based on the amount you enter in the Quantity Invoiced field.
Adjusting Purchase Order Matched Invoices
Submitted by Anonymous on Thu. you can
reverse matched distributions and create new distributions by matching to new purchase order shipments or distributions of the same purchase order or of another purchase order. or Oracle Payables will place holds on the invoice during approval.
. You can change the Account only if you have not yet posted the invoice and if you have selected the Allow Matching Account Override Payables option. 11/26/2009 . and Account fields of a purchase order matched
• If you accidentally matched to the wrong purchase order shipments or distributions.
• You can adjust the GL Date. If you add or reverse invoice distributions you must also change the scheduled payment amounts to match the new invoice total. Income Tax Type.
select Price Correction. and enter information into either Quantity Invoiced or the Match
. Price Corrections • Use a price correction to record and update the invoiced unit price of previously matched purchase order shipments or distributions without adjusting the quantity billed in order to track price variances. Record a price decrease by entering a credit or debit memo invoice and then selecting the Price Correction check box when you perform matching.• If a supplier submits a supplementary invoice for a change in unit price for an invoice you have
matched to a purchase order. • Record a price increase by entering a Standard or PO Default invoice type and then selecting the Price Correction check box when you perform matching. • To record a price change for a purchase order shipment. enter the unit price for the incremental amount of the price correction. use a price correction to adjust the invoiced unit price of previously matched purchase order shipments or distributions without adjusting the quantity billed.
Amount field for each shipment you want to match
05/17/2009 . Tax) and either the PO/Receipt information (You can query either with PO/Receipt information and it has not effect on with which you are matching the invoice i. even with Invoice Match Option as receipt you can use PO number in Find receipt for matching form. Miscellaneous. Freight.
2. Click on Match and Select Matching type(Item.e. This form is used only for querying PO/Receipt to be matched with Invoice)
. First you enter the invoice header details and selects the Match option as Purchase order/Recepit/Invoice.Invoice Matching : How and What
Submitted by Anonymous on Sun.01:35
1 You can match an invoice with a receipt if you have selected Recipt as the Invoice Match Option in PO shipmnet line else system 'll show the below error message
.3. Select the PO/Receipt and match it with the invoice and that will automatically creates the distribution for the invoice. 3.
2 Select the correct PO/Receipt line for which invoice is being created and click on distribute if you want to match each distribution line or else click on match. System 'll automatically creates the invoice lines and distribution
Verify the invoice lines and distributions.4.
Creating Distributions by Allocation
Submitted by Anonymous on Sat.15:17
You can use the Charge Allocations window to automatically create freight or miscellaneous distributions.
In the Charge Allocations window. 05/16/2009 . Allocation associates a charge with the cost of an item on a receipt. you specify the following:
• The charge amount and type (freight or miscellaneous) • The distributions to which the charge will be allocated • The charge amount associated with each distribution. You can either specify an exact amount to
allocate to each distribution. The charge distributions you create are allocated Freight or Miscellaneous distributions. or you can prorate the charge amount across all selected distributions. This allocation information is used to record the full cost of a receipt item if you use one of the Periodic Costing options available in Oracle Cost Management.
or Withholding Tax distributions to other distributions. The new distribution has the same GL account as the distribution to which you allocate it. You cannot allocate Item. or miscellaneous charge that is associated with an invoice distribution. you want to allocate $10 of a miscellaneous charge to two Item distributions.
. For example.
• Allocation Concept • Payment Schedules
Submitted by Anonymous on Sat.50.17:07
You can allocate charges other than the cost of goods to invoice distributions. The following table shows the charge distribution types that you can allocate. Allocation records the amount of the tax. one for $75 and one for $25. then the charge is included in the cost of the item on the receipt. but not to the distribution for service. Enter the $110 invoice and enter two Item distributions. Payables creates two Miscellaneous distributions. The Miscellaneous distributions have the same account as the Item distributions.50 and one for $2. Prepayment.
You allocate the freight cost to the computer and printer.For each selected distribution. Prorate the Miscellaneous charge of $10 to the two Item distributions. This enables you to accurately record all costs associated with a receipt item. freight. If you allocate a freight or miscellaneous charge to a distribution that has been matched to a receipt. After Payables creates the distribution you can update the account any time before the invoice is accounted. and to which distribution types you can allocate them. 05/16/2009 . You can specify the freight amounts allocated to each invoice distribution. Payables creates a charge distribution and records the allocation. one for $7. or you can have the system prorate the allocated amounts based on the Item distribution amounts. on a $110 invoice.
amount for each scheduled payment. The Exclude Tax from Discount Calculation Payables option is enabled and you have made changes to the tax amount on the invoice. Payables automatically schedules payment for each invoice based on the Payment Terms and Terms Date you enter for the invoice.
During Invoice Validation. The Recalculated Scheduled Payment Payables Option is enabled. discount date.22:46
When you first save the invoice header. or a corresponding distribution was reversed or deleted) and is not associated with a receipt. • You match a credit memo or debit memo to an invoice for the full amount of the invoice. or miscellaneous charge allocations when it creates distributions in any other way. or Tax distribution is not fully allocated (either not allocated. 05/16/2009 .
Payables does not automatically record freight. Miscellaneous.Automatic Allocation by Payables Payables automatically records the charge allocation for freight or miscellaneous charge distributions when the charge distributions are created by any of the following methods:
• You prorate freight or miscellaneous charges during a match of a material invoice to a purchase
order or receipt.
• You create Freight or Miscellaneous distributions by allocating to other distributions.
• Payables uses the Payment Terms definition to calculate the due date. if the amount of a Freight. including:
• You match a credit memo or debit memo to an invoice for less than the full amount of the invoice. For example. then Payables prorates the allocation to all eligible distributions on the invoice.
. the system recreates the scheduled payments and overwrites any manual adjustments if: 1. or 2. Payables calculates the due date as 30 days after the Terms Date.
Submitted by Anonymous on Sat. if an invoice has Payment Terms of Net 30. Then during Invoice Validation.
Payables will also recalculate
your scheduled payments during Invoice Validation. for an invoice. Invoice date. The invoice Terms Date defaults from the supplier site Terms Date Basis option you select:
Use the Scheduled Payments tab to review or adjust dates and amounts of all payments. This recalculation is based on your most favorable available payment terms and start dates. You can query the invoice to view the new Discount Amount in the Scheduled Payments tab.
• If you enable the Exclude Tax from Discount Calculation Payables option and the invoice has
changes to the tax amount after the invoice is initially saved.
. Date you receive an invoice. • Invoice Received. System date on day of invoice entry. • Goods Received. The date you receive goods for invoices you match to purchase orders. Invoice Validation will automatically recalculate the Discountable Amount and recreate the scheduled payments to reflect the new Discount Amount. You can also schedule partial payments and place all or part of the scheduled payment on hold. including discount schedules. • If you enable the Recalculate Scheduled Payment Payables option.• You can assign default Payment Terms to a supplier. • Invoice.
You can define discount payment terms that have Payables vary the discount amount depending on how old the invoice is.Important: You can manually adjust scheduled payments or use the Split Schedule functionality to adjust scheduled payments. then Invoice Validation will overwrite any manual scheduled payments changes. then the Invoice Validation recreates the scheduled payments based on the new discountable amount. If the Exclude Tax From Discount Calculation option is enabled and changes have been made to the tax amounts and if the invoice is not fully paid. You also define the payment terms to pay the full invoice amount if you have missed the discount date. you can modify the scheduled payment to include a discount. you may need to adjust the discountable amount by the prepayment application amount to ensure that the discount taken is not overstated. When you first save the header information for an invoice. The Recalculate Scheduled Payment Payables functionality will not overwrite those changes. For example. the schedule payment includes a discount date and discount amount. Payables automatically creates a scheduled payment. Note that if you apply a prepayment with a discount to an invoice due a discount. if the Exclude Tax from Discount Calculation Payables option is enabled and changes have been made to the tax amounts and if the invoice is not fully paid. Payables uses the Discount Distribution Method you specify in the Payables Options window to credit the appropriate accounts. However. you can define payment terms to take a 10 percent discount if the invoice is paid within 5 days of the Terms Date. You define discount payment terms in the Payment Terms window. If the invoice is over 10 days old. If the invoice uses discount payment. Payables pays the full invoice amount on the due date you specify.
. or a 5 percent discount if the invoice is paid within 10 days. If you enter an invoice that does not have discount terms. Discounts Payables uses payment terms you assign to an invoice to pay invoices at a discounted rate. DISCOUNT RESTRICTIONS BANK CHARGES: You cannot use the Discount feature if you enable the Use Bank Charges Payables option. The Exclude Tax From Discount Calculation option you specify in the Payables Options window controls whether Payables subtracts the tax amount from the invoice amount when it calculates the invoice amount applicable to discount. If you take a discount.
02/23/2010 . select void and optionally change the GL Date to one you want to use for accounting distribution Select the value in the invoice action field: ‘Cancel’ to void the payment and automatically cancel the related invoice. In the payments action window. select the payment and choose Action. d) A caution box will pop up to confirm cancellation of record. c) A caution box will pop up to confirm voiding the payment. Click ok and save the changes.10:45
When invoice is not validated a) Query the invoice and click on the invoice record Navigate to Invoices > Entry > Invoices Enter Invoice Number and click on ‘Find’ button Click on the invoice record b) Go to Edit on the menu bar and click ‘Delete’ c) A caution box will pop up to confirm delete of record. When invoice is accounted and paid: a) Query the related payment. Click ok. When invoice is validated but not paid: a) Query the invoice and click on the invoice record Navigate to Invoices > Entry > Invoices Enter Invoice Number and click on ‘Find’ button Click on the invoice record b) Click on ‘Actions’ button c) On ‘Invoice Actions’ window. a note appears for the cancelled invoice
. Navigate to Payments > Entry > Payments Click on ‘Flash light’ icon Enter query parameter to inquire the payment for voiding. Click on ‘Find’ button b) Void the payment In the Payment window. select ‘Cancel Invoices’ and press ‘OK’ button. If cancel was selected in the invoice action field.Cancel Invoice
Submitted by Anonymous on Tue. Click on ok.
In the Invoice Workbench. For example.
. enter a Mixed invoice Type. Match to purchase orders.15:03
Mixed Invoices are invoices or credit/debit memos for which you can perform both positive and negative matching to purchase orders and to other invoices. and match to a purchase order for $100. Enter all basic invoice information. You can match to an invoice for $200.
2. 05/22/2009 .Mixed Invoices
Submitted by Anonymous on Fri. and/or invoices. You can enter either a positive or negative invoice amount. you can enter an invoice for -$100 with Invoice Type Mixed. To enter a Mixed invoice: 1.
Credit/debit memos are netted with basic invoices at payment time. You can enter them manually or enter them automatically in one of the following ways:
• Enter a skeleton Distribution Set. In the Invoice Workbench enter either the Credit Memo or Debit Memo Invoice Type. Entering Credit/Debit Memos To enter a credit/debit memo: 1. Enter distributions.
• Debit Memo: Negative amount invoice created by you and sent to a supplier to notify the supplier of
a credit you are recording. 05/21/2009 .
. Enter a negative invoice amount and all basic invoice information. Enter Immediate Payment Terms.Credit and Debit Memos
Submitted by Anonymous on Thu. • Match to the original invoice you entered. Usually sent with a note explaining the debit memo.19:34
Enter a credit or debit memo to record a credit for goods or services purchased.
• Credit Memo: Negative amount invoice created by a supplier and sent to you to notify you of a
credit. if appropriate.
if you receive a credit for items you returned to a supplier. Enter a Standard type invoice for the positive amount of the credit/debit memo. If you match a credit memo to only a portion of the invoice. To clear a credit that will not be used: 1. you can enter a credit memo and match it to the original invoice you entered to ensure that the credit memo distributes the credit to the same accounts originally charged. • You use the same payment terms that were used on the original invoice • The credit memo must be paid within the terms of the discount. enter a new invoice for $10. and at different levels of detail.
. and you have already entered a debit memo. If you match a credit memo to an invoice for the full amount of the invoice.• Match to a purchase order or receipt.
You can match to an invoice even if it is paid and posted. You can match the credit memo to multiple invoices. 3. Your available choices depend on whether the originating invoice was purchase order matched or not. Clearing a Credit You can clear a credit or debit memo you have entered and have been unable to include in a payment. a supplier sends you cash in lieu of a credit invoice. 2. purchase orders. or you can allow Payables to allocate during Invoice Validation of the credit memo. You can manually allocate credit memo distributions. Create a zero amount payment at payment time to net the new invoice with the credit/debit and clear both from your Invoice Aging.
Matching Credit/Debit Memos to Purchase Orders and Invoices When you enter a credit/debit memo. then the allocations on the invoice are copied to the credit memo. you can perform the following task to enter a positive amount invoice to balance out the impact of the credit/debit memo. For example. Alternatively. For example. If you matched the credit/debit memo to a purchase order. then no allocations are copied to the credit memo. You may want to enter a write off account on the distribution if you do not want the accounts on the credit or debit memo to bear the impact of the unrecovered credit. you can match it to existing invoice(s). match the new invoice to the purchase order to correct the purchase order information. enter all of the same basic invoice information you entered on the credit/debit memo. if you entered a credit for -$10. For example. You can pay the debit memo with a refund. Other than the invoice amount and invoice number. Payables calculates discounts on credit and debit memos if the following conditions are met:
• You match them to invoices you paid using a discount. or receipts to have Payables automatically copy the accounting information and create invoice distributions for the credit/debit memo.
Submitted by Anonymous on Sun, 05/17/2009 - 12:57
• A supplier might send an invoice that references a prepayment. If a supplier reduces the invoice
amount by the amount of the prepayment and associated tax, you can use the Prepayment on Invoice feature to enter the invoice.
• You can enter two types of prepayments: Temporary and Permanent. Temporary prepayments
can be applied to invoices or expense reports you receive. For example, you use a Temporary prepayment to pay a hotel a catering deposit. When the hotel's invoice arrives, apply the prepayment to the invoice to reduce the invoice amount you pay. Permanent prepayments cannot be applied to invoices. For example, you use a Permanent prepayment to pay a lease deposit for which you do not expect to be invoiced.
• The default ‘Settlement Date’ is calculated based on Prepayment Settlement Days Payables
option. You can update this value.
• In the Invoice Workbench you can enter and apply prepayments. In the Quick Invoices window you
cannot enter prepayments, but you can apply existing prepayments to invoices you enter. Entering Prepayments You enter a prepayment as you enter any other invoice. However, you additionally specify 1) the prepayment type, Temporary or Permanent, and 2) the settlement date, the date after which the prepayment can be applied to an invoice. You can apply a hold to a prepayment if you want to control payment of it. You can also enter an invoice amount that includes a prepayment.
1. On a prepayment, you can enter any number of distributions, either manually, or automatically by
purchase order matching, distribution sets, or allocating. You can also take discounts on prepayments.
2. You can apply paid Temporary prepayments on and after the prepayment settlement date. You can
apply only Item distributions from the prepayment. The prepayment remains available until you apply the full amount of the prepayment Item distributions to one or more invoices. You can review the Prepayment Status Report to check the status of all prepayments in Payables.
3. When you enter a Standard invoice in the Invoice Workbench, or enter an expense report in the
Expense Reports window, Payables notifies you if you have available prepayments for the same supplier. 4. You apply prepayments to invoices and expense reports differently, depending on where you enter them: Invoice Workbench, Quick Invoices, Expense Reports window, or Oracle Internet Expenses Applying and Releasing Holds on Prepayments To prevent payment of a prepayment, you can apply one or more holds to the prepayment or you can hold the scheduled payment. Apply these holds as you would for any other invoice. You release holds from a prepayment just as you would for any other invoice. Paying Prepayments Pay a prepayment just as you would any other invoice. However, you cannot partially pay a prepayment; you must fully pay it.
Accounting Entries 1. When prepayment invoice is created(PP1): Prepayment charge A/c Dr. Supplier Liability A/C Cr.
2. When Prepayment is applied to an invoice(INV1) : Supplier Liability A/C Dr. Prepayment A/C Cr. And acconting entirs created for INV1 are : AP Accrual A/C Dr.
Supplier Liability A/C Cr.
• Applying Prepayments to Invoices and Expense Reports
Applying Prepayments to Invoices and Expense Reports
Submitted by Anonymous on Mon, 05/18/2009 - 00:46
You can apply the available amount of Item type distributions from a Temporary type prepayment to one or more invoices to offset the amount you pay on the invoice(s). If you entered the prepayment as a Permanent type and want to apply it, you can query the prepayment in the Invoices window and change the Prepayment Type to Temporary.
You can apply a prepayment in the following ways:
• Applying Prepayments in the Invoice Workbench • Applying Prepayments in the Quick Invoices Window • Applying Prepayments to Invoice Records in the Payable Open Interface • Applying Prepayments to Expense Reports
which you can send to the supplier.Applying Prepayments in the Invoice Workbench When you apply a prepayment to an invoice. you can print a Prepayment Remittance Notice. or a certain maximum amount of advances. starting with the oldest. You can specify whether you want Payables to apply to an expense report all outstanding and available advances. or you can create or query the invoice and then select the Prepayment distributions you want to apply. To apply a prepayment. to expense reports during expense report entry. starting with the first Prepayment Item distribution. Payables applies all outstanding. You can partially apply a Prepayment distribution by applying only a portion of its available amount. If you do
. available advances. also known as advances. you can either create or query the prepayment and then select the invoice to which the prepayment will be applied. Otherwise. one specific advance. This notice states that a prepayment has been applied to an invoice and this may result in a decreased payment or nonpayment of the invoice. up to the amount of the expense report. Unless you specify a specific advance to apply. If you want to apply specific Prepayment Item distributions to the invoice. Applying Prepayments to Expense Reports In the Expense Reports window. one specific advance Item distribution. you can see all available prepayment Item distributions for the same supplier in the Apply/Unapply Prepayments window.
When you apply a prepayment. then you must query the invoice and apply the prepayment to the invoice. Payables will apply the amount of the application across the available Prepayment Item distributions. up to the application amount. you apply prepayments.
define a recurring invoice template. starting with the one with the lowest distribution number. advances are applied during Expense Report Export if the Apply Advances Payables option is enabled. the first day of the period in which the recurring invoice is created. then the Terms Date is the invoice date. In addition. 1. 2. Recurring Invoices can also be used to create debit memos. To enter recurring invoices.17:02
You can enter invoices for periodic expenses for which you may not receive invoices. available advances. Supplier Information : Supplier for which invoice 'll be created. then Payables applies available advance Item distributions. once a week or monthly. For expense reports entered in Internet expenses. consider how the due date will be determined when you define your special calendar. The Terms Date depends on the Terms Date Basis setting at the supplier site. For example.
. If the Terms Date Basis is System Date. Payables applies all outstanding. Special Calendars and Term Date Basis: Determine the frequency of your recurring invoices.
Submitted by Anonymous on Fri.not specify an advance Item distribution to apply. such as rent. the invoice date is the first date of the period in which the recurring invoice is created. Prerequisites Recurring invoices are affected by the following prerequisites. starting with the oldest. then the Terms Date is the same date that the recurring invoice was created. When Payables creates recurring invoices. 05/22/2009 . then create invoices based on that template. If the Terms Date Basis is set to anything else. up to the amount of the expense report.
3. If the Payables System Option Setting for Apply Withholding Tax has been defined with either At Invoice Validation or Payment.
3. you must define a sequence as Automatic.2. Document Sequencing: If the Document Sequencing profile option is defined as Always Used or Partially Used. The sequence should be assigned to the
. the withholding tax group defined on the template will be used as a basis for withholding from invoices created from a template.3.1 Invoice Number: The invoice number. Withholding Tax: If applicable. the value will default from the supplier site or can be entered directly in the template.3.
the Purchase Order attributes will take precedence over the template.
Attributes Inherited from the Purchase Order: While the Recurring Invoices Template may have several tax fields. Payment attributes consist of pay group. 3-way. Payment Attributes: By anticipating the attributes needed for payment and fiscal reporting of the recurring invoices. remit to bank account. 4. Note that the Payment Method may also default based on a company policy. The line amount to be distributed will be the invoice amount minus calculated tax. Payables calculates the quantity by subtracting the calculated tax from the amount then dividing it by the unit price. and line descriptions. define a Distribution Set to split a monthly recurring rent amount to different departments that share the rented space. Match option: Recurring invoice processing requires that the purchase order schedules or pay items be defined with a Match Option of Purchase Order to prevent invoice creation conflicts if the receipt or work confirmation has not occurred by the time of invoicing. to avoid errors.2 Distribution Sets: If not using a purchase order. The invoices will inherit the accounting distributions from the purchase order shipment or pay item with the line amount being prorated if there is more than one distribution. Quantity: If the purchase order shipment or pay item is quantity based. payment method. distributions.
. The Match Approval Level can be 2-way. bank charge bearer. payment reason.1 Purchase Orders: You can use Purchasing Orders to plan for recurring invoices. For example. the invoice will inherit the value for Line Description from the Recurring Invoices template. The invoice will also inherit the Descriptive Flexfields from the Distribution Set. you can either define these on the Supplier Site for defaulting to the Recurring Invoice template or enter them directly on the template. 5. This is important to evaluate when defining your template amounts to avoid matching holds on the resulting invoices. or 4way. payment priority.Recurring Standard Invoices category for invoices and Debit Memo Invoices for debit memos. delivery channel. 4. If the Distribution Set does not have a description.
Blanket Purchase Orders: If you are using a blanket purchase order. enter the revision number and verify it each time you create invoices from the template. The invoices' line description will be inherited from the Distribution Set if one is defined. The invoice may also inherit the purchase order shipment or pay item descriptive flexfields if the Payables System Option setting for Transfer PO Descriptive Flexfield Information is set to yes. and payment reason comments. define a Distribution Set for default accounts.
Invoice Approval Workflow: If you want your recurring invoices to go through an approval process. enter the requester on the recurring invoice template. enter the requester . If your approver requirements include the requester. If you do not want your recurring invoices to require approval event though you have enabled the Payables Option.
• Recurring Invoices in 11i • Creating Recurring Invoices
. you may uncheck the Approval Workflow Required check box on the Recurring Invoices template. enable the Use Approval Workflow Payables Option and configure approver rules in Approvals Management.
Recurring Invoices in 11i
Submitted by Anonymous on Thu, 11/26/2009 - 11:37
Creating Recurring Invoices
Navigation : Invoices—>Entry—>Recurring Invoices (B) Create Invoices
1. Determine how many invoices to create. 2. Enter the number of invoices, and click Create Invoices. A period must be an open or future period for Oracle Payables to create an invoice. 3. Optionally, create recurring invoices into an existing batch of similar invoices; for example, group all recurring rent invoices into one batch, and then add to the batch on a quarterly basis. 4. Use the Create Invoices window to view summary information about the invoices created. Oracle Payables appends the payment number with the period name in which an invoice is created to create invoice numbers for recurring payments. 5. Use the Invoices Summary
Invoices: Integration with Oracle Projects
Submitted by Anonymous on Thu, 10/22/2009 - 11:51
Importing Expenses from Oracle Projects and Creating Invoices Oracle Payables integrates with Oracle Projects so that you can create Payables invoices based on expense reports entered in Oracle Projects. Submit a streamlined process from the Submit Processes window in Oracle Projects to combine the following processes in one step: 1 Transfer expense reports to Oracle Payables. 2 Submit Invoice Import. 3 Verify invoices from Oracle Payables.
When you enter expense reports in Oracle Projects, you enter the same types of information thatyou enter for Payables expense reports (such as employee name, week ending date, project, task expenditure type, and amounts). Oracle Projects generates the general ledger account for each expense report expense item by using the AutoAccounting rules you have defined. After you transfer the expense report to the Payables Invoice Import Interface Tables, you can submit Invoice Import to create an invoice from the expense report. If you enable the Automatically Create Employee As Supplier Payables option, Oracle Payables automatically creates suppliers and supplier sites for employees who are not already suppliers
Submitted by Anonymous on Sat, 05/23/2009 - 13:03
Payables provides the ability to disburse funds to a party (a payee) who is not defined as a trading partner in your supplier master. E-Business Suite products, such as Oracle Receivables and Oracle Loans, can submit disbursement requests to Payables, where you can disburse the funds and manage the payment process using the payment management features that are available in Payables. When a disbursement request is submitted to Payables, it is recorded as a payment request. You can submit a payment request from another application, for example, from Receivables to pay a customer for an On Account Credit Memo, or from Loans to disburse funds for a loan, and Payables will verify, account, tax, and approve the payment request. You can track the progress of the payment request in the originating application. Once the payment request is approved, you can report and audit the payment request in Payables. You can only submit a payment request from other applications; you cannot enter a payment request for a payee directly in Payables. The payment request process is as follows: 1. Submit a request to disburse funds from another application, such as Receivables or Loans. Note that you cannot submit a payment request in Payables. 2. Payables automatically creates a payment request, in real-time. 3. Once the payment request is created, you can search for it just as you would search for an invoice. Enter Payment Request in the Type field and enter the payee name in the Trading Partner field. Note that because the payee is not a supplier, do not enter a Supplier Number. 4. If the payment request requires approval, use the Invoice Approval Workflow to approve payment requests. 5. Payables applies holds to the payment request if there are any exceptions. 6. Once the holds are released and the payment request is approved, it can be paid as a single payment or as part of a payment batch. Once the payment request is paid, your auditors can view the request to disburse funds in the originating
• You can use the following Oracle Payments setups to define custom payment methods for payment
requests. Review these steps if you plan to use payment requests. however. Pay Group. ensure that you have assigned a sequence to the Payment Request document category. the setup steps listed below do affect the payment request process. and Terms Date Basis. Payables may default attributes from the Financial Options window. Oracle Applications Document Sequencing – Payment Request Document Category If the Sequential Numbering profile is set to Partially Used or Always Used. Setting Up Payment Requests: There are no specific setup steps required to use payment requests. See: Oracle Approvals Management Approval Rules If you are using the Invoice Approval Workflow for payment requests.Use Invoice Approval Workflow Enable the Use the Invoice Approval Workflow Payables Approval Option to approve payment requests using the workflow. you can cancel the payment request or void the payment.application and the payment request in Payables. Once you enter a payment request. define defaulting rules. Financial Options Depending on how much information is provided in the originating application. Payables notifies the originating application to respond to these actions.
. Payment Terms.
• Payment Method Controls • Payment Method Defaulting Rules • Payment Instruction and Report Formats • Payment Attribute Validations • Payment Process Profiles • Disbursement Option
Oracle Payables Payables Options . and specify whether you want to manage payment requests separately from other payments. define the approval rules. just as you would for an invoice. If necessary. you cannot delete payment request or update payment request fields. including Liability GL Account.
Invoice Validation checks the 1. even if you have not resolved the matching error condition. Invoice validation is a accounting event.
. 2. the Liability Account field cannot be updated. If an invoice has a hold. If an invoice tolerance template is specified. Authorized users can always correct an invoice. Oracle Alert also provides an integrated system of alerts. It checks the supplier site to determine which invoice tolerance template to use. or created accounting entries for the invoice. 1. If no invoice tolerance template is specified. even if you have validated. Payables and Oracle Alert integrate to alert the appropriate accounts payable or purchasing staff when you or Payables place an invoice on hold. paid. tolerance checking is not performed.Validation
Submitted by Anonymous on Sat. 2. approved. In the Invoice Holds tab. Exception reporting in Oracle Alert is accomplished using either electronic mail or paper reports.13:26
Before you can pay or create accounting entries for any invoice. period status 2. 3. Invoice Validation will check against the specific invoice tolerances template stored in the Invoice Tolerances window to determine if the invoice falls within the defined tolerances and automatically applies holds to exception invoices. matching(IMO. you can manually release certain invoice holds. invoice matching option) 6. tollerence Invoice validation does the following job 1. You can review the validation status of an invoice online in the Invoice Overview window or the Invoices window. distribution information 5. or changing the invoice tolerances. exchange rate 4. It creates/modifies the payment schdule on the basis of payment term and term date basis. Then resubmit Invoice Validation to release the hold. 05/23/2009 . tax 3. and message distribution to focus attention on time-sensitive or critical information and streamline the validation process. Note: When the invoice is in a Validated state. You can identify all invoices that Payables has not yet reviewed with Invoice Validation by submitting the Invoice Register and selecting the Unvalidated Invoices Only parameter. the Invoice Validation process must validate the invoice. you can release the hold by correcting the exception that caused Invoice Validation to apply the hold by updating the invoice or the purchase order. messages. so after the completion of it we can create accounting.
The weighted average price of the invoice and credit memo now matches the purchase order shipment price.
• Online by using the Validate button in the Invoice Batches window. Invoice 1. • Batch by submitting the Payables Invoice Validation program from the Submit Request window. you might want to validate before you approve if you enter invoices that require the Invoice Validation process to create tax distributions for you.
5. Your invoice now matches the receipt and Payables releases the hold when you submit Invoice Validation. The third invoice is on matching hold because the quantity billed exceeds the quantity ordered. Invoice 3. The first invoice is on matching hold because the quantity billed exceeds the quantity received. The order of the Invoice Validation process and Invoice Approval Workflow Program is based on the Approval Processing Sequence Payables option. Invoice 2. Validation Example Invoice Validation places three invoices on matching hold. A supplier sends a credit to correct the amount due on a previous invoice.4. Your receiving department receives the goods and records the receipt information. For more information on submitting invoices for approval. then we recommend that you select an option that validates before approving. If your approvers need to review tax details before they approve an invoice. Use the Validate Related Invoices option in the Invoice Actions window to submit Invoice Validation for both the credit and the original invoice. The second invoice is on matching hold because the invoice price exceeds the purchase order shipment price. Your invoice now matches your receipt and purchase order within your newly-defined tolerance levels and Payables releases the hold when you resubmit Invoice Validation
. Payables releases the hold when you resubmit Invoice Validation. For example. You increase your tolerance levels using the Invoice Tolerances window. You can submit an invoice for validation in one of the following ways:
• Online by using either the Validate or the Validate Related Invoices check box in the Invoice
Actions window. You match the credit to the purchase order as a price correction and associate it with the invoice during the match.
Use the Expense Reports window in Payables to enter Payables expense reports for your employees . You can then use Payables to validate. You can apply advances and holds to expense reports that are from any source.
If you have paid advances to an employee you can use this window to apply advances to expense reports to reduce the amount you pay. You can also apply a hold to an expense report to prevent payment. • Expense reports submitted by your enterprise’s employees using Oracle Internet Expenses. To manage expense reports:
. 10/14/2009 . and account for the invoices. pay. You can also use this window to review and modify any of the following expense reports:
• Expense reports entered in the Payables Expense Reports window. You cannot view expense reports in this window if they have been purged. Before you can pay expense reports you must submit the Expense Report Export program which automatically creates invoices from the expense reports. • Expense reports entered in Oracle Projects and then transferred from Projects to Payables. but you cannot modify them. you can still view successfully imported expense reports in this window. If you do not purge expense reports.Expense Reports and Credit Cards
Submitted by Anonymous on Wed.
define expense report templates that model the different expense report formats your employees use and the rate and policy schedules that your enterprise uses. 3. and default expense accounts. Supervisors.
• Enter the employee as a supplier in the Suppliers window before submitting Expense Report Export
for expense reports. 4. expense addresses. 2. Enter expense reports in any of the following products:
. Define the employee as a supplier using either of the following methods:
• Enable the Create Employee As Supplier Payables option to automatically create suppliers from
employees when you submit Expense Report Export.1. Enter employees and their locations. For expense reports entered in Payables and Oracle Internet Expenses.
1. and their expense addresses in the People window. 02/28/2010 . all employees must be entered in the People window of Oracle Human Resources. Pay the invoices as you would any other invoices. In the Payables Expense Reports window optionally apply holds and/or apply advances to the expense reports. Review the Expense Report Export.
• Setting Up Oracle Payables to Enter Expense Report • Entering a basic expense report
Setting Up Oracle Payables to Enter Expense Report
Submitted by Anonymous on Sun. If Oracle Human Resources is installed. Submit Expense Report Export to create invoices and invoice distributions for the expense reports. • Oracle Internet Expenses.
5. 7. their locations.
. • Oracle Projects. If there are exceptions. Enter employees. 8. Optionally modify or review Payables or Projects expense reports. correct any expense reports that caused exceptions and resubmit Expense Report Export. Submit the Employee Update Program to update employee-type supplier records with up-to-date name and address information from the employee record.• Payables.
In the Send to field. You control the default expense address in the Financials Options window. In the Expense Reports window. 3. which defaults from the employee record. . Optionally change the GL Account.
Entering a basic expense report
Submitted by Anonymous on Wed. 2. Define expense report templates that model the different expense report formats you receive.2.Enter the employee as a supplier in the Suppliers window before submitting Invoice Import for expense reports. optionally change the location to which you want to send payment for the expense report. 3.17:44
1. Define the employee as a supplier by using either of the following methods: . 10/14/2009 .Enable the Create Employee as Supplier Payables option to automatically create suppliers from employees when you submit Invoice Import.
. or enter the employee number in the Number field. either enter the employee name in the Employee field.
In the Date field. 5. If the period ending Date is in a Never Opened accounting period. The default GL Account for each item line is the GL Account for the employee overlaid with any segments defined on the template for the expense item. The value for the Includes Tax check box defaults from the Expense Report Template for that item. Either enter an Invoice Number. Enter the expense report Template you want to use. If no open or future period is available then import will reject the expense report. DATE. The template also might provide default values for Type. During Expense Report Export. Tax Code. 8. Save your work. then Payables does not import the expense report. the Receipt Verified check box in the Expense Audit tabbed region becomes nonupdatable. When you submit Expense Report Export you have the option to override this date. The same invoice number cannot be used twice for the same employee. Payables creates invoice distributions from the item lines. 7. Optionally update the GL Account.4. This will become the invoice description. 6. For each Item line on the expense report. Expense Report Import uses the first day of the next Open or Future accounting period as the GL date. Consequently. and it will appear on reports. select the item and enter the item amount. and GL Account. 9. Expense Report Import
. Enter the total Amount of the expense report. or Payables will enter the invoice date or the expense report date as the Invoice Number. The template determines which items you can select. If you enable the Reviewed By Payables check box. Optionally change the tax value in the Tax Code field associated with the item. then you can adjust the Includes Tax check box. then Payables displays that default value. Enter a Description of the expense report. Expense Report Restrictions UNIQUE INVOICE NUMBER. Payables uses this date as the GL Date for invoice distributions created from the expense report. If a default template is defined in the Payables Options window and the template is active. this indicates that receipts are not required for this expense report. If the period ending Date is in a Closed period. Payables will confirm that the sum of the item amounts matches this amount. enter the period ending date for the expense report. If you use inclusive automatic tax calculation at the Line or Tax Code level and if the Allow Override (Distribution Amount Includes Tax) Payables option is enabled and if the item amount includes tax. and Payables lists the expense report in the Exceptions section of the Expense Report Import Report. Includes Tax.
verify the invoice (invoice number is same as exponse report number) in invoice work bench.To create invoice from the expense report run the below program
• Expense Report Import (in 11i) and • Expense Report Export (in R12).
. Once the program completes.
Select the source Payables Expense Reports or internet expense as applicable.
and create payments automatically • Print checks online • Choose from different payment method options including checks. using a wide variety of criteria. and automatically take the maximum discount available • Select invoices for payment.Payments
Submitted by Anonymous on Thu. controlled payment processing. With Oracle Payables you can do the following:
• Distribute funds by using multiple payment methods • Ensure that duplicate invoice payments never occur • Pay only invoices that are due. electronic funds transfer
Oracle Payables provides a variety of features for fast. EDI. and wire
• Record stop payments • Void payments • Review information online on the result and status of every payment
. 10/22/2009 .
Manual payment Manual Payment • Recording Stop and Void Payments • Refunds
.• Computer-Generated Payments Future Dated Payments .
optionally. 3. save it. click Actions to navigate to the Payment Actions window.Computer-Generated Payments
Submitted by Anonymous on Fri.
• You can. Optionally. and the bank account must have at least one payment document that uses computer-generated or combined disbursement type.
• The payment date must be in an open or future period. change the payment currency if you are using a multicurrency bank account
with a multicurrency payment document. and without holds. Examples of computer-generated payments are:
• Check run • Electronic funds transfer (EFT)
Creating and Maintaining Computer-Generated Payments (N) Payments—>Entry—>Payments To create a computer-generated check. which defaults to the next available
number. From the Payments window. and print it later. 10/23/2009 . uncanceled. click Enter/Adjust Invoices to select approved invoices that are not on hold. In the Payments window:
• You can. The bank account must have at least one payment document that uses computer-generated or combined disbursement type. you must enable the Allow Online Print Payables option. change the payment document number.17:37
You can create and print a computer-generated payment to pay a supplier for one or more invoices. Select the invoices that you want to pay.
How to Select Invoices to Pay (N) Payments—>Entry—>Payments (B) Enter/Adjust Invoices 1. optionally. To create a computer-generated payment. create a check. 2. the invoices must be approved. format and print the check. • Unless you enable the Allow Pre-Date Payables option. The invoices must have Check as their payment method and must have the same currency as the payment. you cannot predate a computer-generated
payment. the invoices must have check as their payment method and have the same currency as the payment.
Submitted by Anonymous on Fri. 10/23/2009 .Future Dated Payments .16:37
A manual payment is a payment that you create outside of Oracle Payables. Your bank sends you payment reconciliation information. 7. enter Manual Future Dated in the Payment Method field.If you manually created a future dated payment that you want to record. Return the payment notice to the supplier.1. 3. . The bank disburses funds on the maturity date the supplier specified on the payment notice.
Submitted by Anonymous on Fri. The following are two examples of manual payments:
• Handwritten checks • Wire
. 4. In the Payments window. 2. record the invoice payment as a manual payment. Make certain the invoice that you want to pay is fully approved. . The supplier submits the payment request to the bank. 5. enter Future Dated in the Payment Method field. 6. Enter a maturity date. 10/23/2009 .If you use the payment document your supplier sent you and do not create a payment document.
You can record a single payment for multiple pay alone invoices.
• The bank account must have at least one payment document that uses the recorded or combined
disbursement type. Recording a Manual Payment
How to Initiate a Manual Payment 1.After making the payment through handwritten check/wire. you can record the payment within Oracle Payables and update the invoices that you paid. and must have the same
currency as the payment. Enter the payment date. • The invoice you paid must be approved. uncancelled. Prerequisites for processing manual payments in Oracle Payables are:
• Create the payment outside of Payables. Select the bank account you use for the payment. optionally. Enter the payment document number. without holds. 5. 3. If you are using a multiple currency bank account with a multiple currency payment document. Enter the supplier site. Enter the payment amount. With a manual payment. 7. 8. 2. You can record payment for invoices that are associated with any payment method type except EFT. 9. 6. In the Type field. Enter either the supplier name or number. select Manual. you can override some payment controls of Oracle Payables. change the payment currency.
. 4. Select a payment document name.
and print it later. you can generate a manual payment or a Quick payment. and you omit the invoice selection step you would perform if you were to create the payment in the Payment Workbench. click Enter/Adjust Invoices to select approved invoices that are not on hold. To pay one or more invoices in full. In the Payments window. Oracle Payables automatically enters most of the payment information for you. enter or adjust other information. 2b. 3. from the Payment window. Make certain the invoices that you want to pay are fully approved. 3. When you pay using this method. 4. select the invoice from the Invoices window. click Scheduled Payments. To pay a portion of an invoice. choose Quick or Manual for the payment type. select the relevant invoices from the Invoices window.
To pay an invoice or scheduled payment from the Invoice Workbench: 1. If necessary. To record a manual payment. How to Select Invoices to Pay 1. Enter the bank account from
. and select the Pay in Full check box to open the Payments—Pay in Full window. 2. Optionally. clickActions to navigate to the Actions window. Select as many approved invoices as will fit on a single check stub. Paying Invoices from the Invoice Workbench (N) Invoices—>Entry—>Invoices (B) Actions You can initiate payment of one or more invoices by selecting the invoices in the Invoices window and using the Pay in Full option in the Invoice Actions window. create a check. and select one or more scheduled payments. Click Pay to pay the selected payments. To create a computer-generated payment. From the Payments window. save your work at this point and you are done. format and print the check. click Actions to navigate to the Payment Actions window. 2a. save it.10.
6. Make certain the invoices that you want to pay are fully approved. 7. 5. Click Scheduled Payments. and enter the payment document you want to use. optionally. select the invoice from the Invoices window. Oracle Payables records the payment and updates the invoices as paid. 7. update the amount. 3. save your work to complete the payment. 2.00:19
. Oracle Payables creates an additional scheduled payment with the net amount due. continue with Step 6. Oracle Payables automatically enters the remaining fields for you. If you are creating a quick payment. 5. 4. If you are creating a manual payment. Make any updates to unpaid scheduled payments. To pay a portion of an invoice. print the check. apply a hold to the scheduled payment. Click Actions to navigate to the Payment Actions window. optionally.
Recording Stop and Void Payments
Submitted by Anonymous on Sat. 10/24/2009 . Format and. 4. 6. Save your work. and then click Split Schedule. Adjust the dates as appropriate and. Save your work. To split a scheduled payment. If necessary. Scheduling Payments from the Invoice Workbench 1. enter or adjust other information in the Payments window. Oracle Payables records the payment and updates the invoices as paid. and create any new scheduled payments.which you want to make the payment.
2.Recording Stop Payments
(N) Payments—>Entry—>Payments (B) Actions 1. select Initiate Stop. and click Actions. In the Payments window. In the Payment Actions window. Find the payment online.
. select the payment.
5. 2 In the Payment Actions window. Voiding Payments (N) Payments—>Entry—>Payments (B) Actions
. In the Payments window. 4 Save your work. Save your work. 3 Click OK to have Oracle Payables release the stop on the payment and reset the status to Negotiable. payment document. select the payment and click Actions. and document number. Click OK to have Oracle Payables update the payment status to Stop Initiated. Oracle Payables sorts the report by bank. Releasing Stop Payments
(N) Payments—>Entry—>Payments (B) Actions How to Release Stop Payments 1 Find the payment online.3. Oracle Payables does not list any stop payments that were initiated but then released or voided at a later time. select Release Stop. 4. Use the Stop Payments Report to review all current stop payments. bank account.
before recording it have the uncashed payment document you want to void in your possession. then Payables automatically creates a negative (reversing) invoice for the tax authority supplier to offset the amount of the tax withholding invoice. Because you cannot reverse a void payment.When you void a payment. You can review these invoices in the Invoice Workbench. Your general ledger will then have the correct information. Oracle Payables automatically reverses the following:
• The accounting and payment records. You determine when you withhold taxes by the Apply Withholding Tax option you select in the Payables Options window. or have proof that the payment did not clear the bank and that the bank was able to stop payment Review the invoices paid by that payment before you void it to make sure that you are voiding the correct payment.
• Any realized gains or losses on foreign currency invoices recorded as paid by the payment • All related interest invoices when you void a past-due payment for the supplier site (if you enable
the Allow Interest Invoices option for a supplier site)
• If you withhold taxes at payment time and you void a payment that paid an invoice with an
associated withholding tax invoice.
and the status of the paid invoices is then reset to Unpaid.
choose Bank Accounts.How to Void Payments 1. and click Actions. The invoices will be available for payment on a new payment document. then click OK to have Oracle Payables void the payment document. In the Payment Actions window. select Void. and query the bank account in the Bank Accounts window.To cancel all related invoices and reset their amounts to zero. and select a Hold Name in the Hold window.To change to Unpaid the status of the related invoices. select None for the invoice action. Click Hold.
. change the void date and the GL date you want Oracle Payables to use for the accounting distributions. Click OK to have Oracle Payables void the payment document. and from the Payments window.To apply a hold to the related invoices. optionally. select the payment. Oracle Payables prevents you from voiding negotiable payments using this window. reset the status of the related invoices to Unpaid. Voiding Unused Payment Documents
Payment Documents: Additional Information Region (N) Setup—>Payment—>Banks (B) Bank Accounts (B) Payables Documents You can do a mass void of unused check stock in the Document Information region of the Payment Documents window. Save your work. . Review and. Click OK to have Oracle Payables void the payment document and cancel the related invoices. . and apply the hold you selected to the related invoices. 2. select Cancel for the invoice action. Click Payment Documents to navigate to the Payment Documents window. select Hold for the invoice action. 3. . 2. To query the bank. Find the payment online. 1.
Enter the range of documents you want to void. Payables applies an Invoice Cancel hold to the invoice. In the Additional Information region. CANCELLING ASSOCIATED INVOICES: If you attempt to cancel an invoice that has been partially paid by another payment by using the Cancel Invoice Action. instead of cancelling the invoice. You must first unapply any prepayments. Void Payment Restrictions: INVOICES PAID BY ANOTHER PAYMENT: When you void a payment. choose Void Unused Documents. PREPAYMENTS: You cannot void payment on a payment document that pays a prepayment that you have applied to an invoice. This hold is manually releasable.
• Voiding and Reissuing Quick Payments
Voiding and Reissuing Quick Payments
Submitted by Anonymous on Tue. Instead. Save your work. and then you can void the payment. when you choose Cancel Invoice. 4. and enter a void date.11:31
. 02/23/2010 .3. You can release the hold manually in the Invoice Holds window. you cannot cancel a related invoice if it was partially paid by a second payment. CLEARED PAYMENTS: You cannot void a payment that the bank has already cleared. the system applies an ”Invoice Cancel” hold to the invoice for your reference. 5. These documents will no longer be available for use.
Find the Quick payment online.
. 3. 2. In the Payment Actions window select Reissue. Review and optionally update the void dates. you can void the original payment and automatically reissue payment of the same invoices. If a check you generate is spoiled. Payables automatically selects Void for you. • The payment is a Quick payment. Load and properly align your payment document in the printer. confirm the New Check Number and optionally record a Voucher Number. and from the Payments window select the payment and choose Actions.The Void and Reissue feature provides an easy method for correcting any printing problems that you encounter when creating a check as a Quick payment. • The payment is not a future dated payment. Prerequisites
• Enable the Allow Void and Reissue Payables option.
To void and reissue a Quick payment: 1. Enter the Payment Date. • The payment method of the invoices paid is Check. Note: You cannot use this option for future dated payments.
After Reissue After reissue the stauts of the payment document changes to void and a new payment document with a different number is created. If required we can again create a reissue against the newly generated payment document. Note: If you withhold taxes at payment time. You can take discounts on payables documents you pay with a refund. you can record the refund in Payables. Choose OK to have Payables void the selected Quick payment and create a new Quick payment document to pay the invoices. 10/24/2009 .13:27
When a supplier or employee sends you a refund for an invoice payment you have made. and you have no outstanding documents for the supplier. suppose you want to stop doing business with a supplier. You enter a $100 refund (a $100 negative payment). the invoice and credit memo are recorded as paid. Payables debits either your cash or cash clearing account and credits either your expense or liability account. so you are actually making a negative payment for a credit balance.
Submitted by Anonymous on Sat. A refund closes out an outstanding credit balance. Refunds for Prepayments
. For example. and gives you a complete supplier transaction history. The credit balance can consist of the outstanding balance of any combination of the following documents. as long as the sum is negative and equals the refund amount:
• Invoices • Debit memos • Credit memos • Expense report
Paying these documents with a refund records each document as paid. You have an overall $100 credit balance with the supplier.4. which consists of a credit memo of $250 and an unpaid invoice of $150. depending on whether you use cash or accrual accounting. and apply it to the invoice and credit memo. The supplier sends you a $100 refund for the credit balance. When you record a refund. After you apply the refund. Oracle Payables does not automatically withhold taxes if you pay with a refund.
for example.You may receive refunds from suppliers for prepayments you have made to them. you can query it in the Invoices window.
. a refund for a deposit or repayment of a travel advance. Recording Refunds for Invoices When a Credit Balance Exists You pay debit balance with refunds in the Payments window. Prerequisite Set up the bank account in which you will deposit the refund. This can be the same bank account you use to make payments. This enables you to close an open credit balance and maintain a full transaction history for the supplier. If you receive a refund for a prepayment. Enter a debit memo for the invoice. if applicable. The Payables documents you select must be in the same currency as the refund currency. choose the Scheduled Payments tab. and then choose the Pay button. You can identify negative supplier balances by submitting the Accounts Payable Trial Balance Report with the parameter Negative Balances Only set to Yes. Set up the appropriate cash account and. If you know the credit or debit memo you want to pay. enter an invoice and apply the prepayment to it. You can then pay the debit memo with the refund. set up a cash clearing account. and the sum of the documents you select must equal the amount of the refund. Entering Refunds Use the Payments window to record a refund payment for one or more outstanding Payables documents.
choose the Invoice Overview button. 4. Save your work. This can be the same bank account you use to make payments. Payables records the refund and updates the debit memo status to Paid. In the Payments window. 3. Enter and validate a debit memo for the refund amount. Query the supplier's unpaid or partially paid invoices that are in the same payment currency as the refund currency. Click Enter/Adjust Invoices. Payment Date. Payment Date. set up a cash clearing account. and Document Number are required fields. Set up the appropriate cash account and. Prerequisite Set up the bank account in which you will deposit the refund. For each invoice. The Payments window opens. To record a refund when a credit balance does not exist: 1. enter a negative value in the Payment Amount field. Trading Partner. Select the debit memo in the Invoices window. Click Actions. 2. if applicable. Bank Account. for an applied prepayment. Payables records the refund and updates the status of each selected invoice to Paid. You can record it by entering a debit memo and paying it with a refund. Recording Refunds When No Credit Balance Exists Your supplier may send you a refund when no credit balance exists. Enter a Bank Account. To see additional information about any invoice. 3. 2. Select the Pay in Full option. enter the amount that you want to pay with the refund. Save your work.Recording a refund when a credit balance exists: 1. and Document Number. Payment Method. Select any combination of positive and negative amount invoices. The Select Invoices window opens. for example. Enter any other relevant information. Enter any other relevant information.
or payment batch. then when you account for an invoice. Oracle Payables creates and stores accounting entries in the subledger. Or you can create accounting entries from the transaction window for a specific invoice. You can view encumbrances in the View Encumbrances window
• Accounting Events Creating Accounting Entries in Payables Transferring Accounting Entries to Your General Ledger Viewing Accounting Entries
Now in release 11i. – View Invoice Accounting – View Payment Accounting
• Update Accounting Entries. which also appears with the following names. After you create accounting entries. you can drill down from a journal entry line to the accounting entry or transaction in Payables. In this window you can update accounts on any accounting entries that
were created with invalid accounts. You can create accounting entries by submitting a batch program(Payables Accounting Process). If you post entries in Oracle General Ledger.Accounting in Payables
Submitted by Anonymous on Mon. you can submit the Payables Transfer to General Ledger Program to transfer them to an interface. If you use budgetary control. Payables also creates any necessary encumbrances or encumbrance adjustments for the invoice. You can create accounting entries for invoice and payment transactions in Payables. depending on where you are
in the application when you navigate to the window. payment. 10/26/2009 . you can create journal entries and transfer them to your general ledger for posting. From the interface. invoice batch. After Payables creates accounting entries. Each transaction that has accounting impact is called an accounting event. you can view the accounting entries in the following windows in Payables:
• View Accounting Lines.
Payables will update the status to accounted. If the invoice is purchase order matched. and the liability account of the invoice.
• If you do not use Automatic Offsets. The following is the complete list of the accounting events in Payables. These descriptions assume that you use accrual basis accounting. if necessary. Payables creates or adjusts encumbrances. you can create accounting entries for it by creating accounting entries for the category or document class that includes the event. listed by document class. unless there is a specific reference to cash basis accounting. In addition. either balancing segment or account. Invoice Event The invoice event occurs when the Invoice Validation process successfully validates a new invoice. but Payables will create no accounting entries. when you submit the accounting process for an invoice event. It builds the liability account based on your automatic offset method. After an accounting event completes. 10/26/2009 . Invoices – invoice – invoice adjustment – invoice cancellation – prepayment application – prepayment unapplication Payments – payment – payment adjustment – payment cancellation – (future dated) payment maturity – payment clearing – payment unclearing The following descriptions give an overview of the event and the accounting that Payables does for each event. during accounting for the invoice event. then Payables also records encumbrances for any invoice price variance or exchange rate variance.
• If you use Automatic Offsets. Accounting entries for this event are created for the accounts on each invoice distribution.Accounting Events
Submitted by Anonymous on Mon.
. If you use cash basis accounting. the system creates a single liability entry for the invoice liability
An accounting event is a Payables transaction that has accounting impact. then Payables creates liability entries to offset each distribution on the
invoice. The two document classes in Payables are invoices and payments.
if you adjust the invoice. the accounting date is the GL Date on the invoice distribution. and Payables will record the distributions with the later GL Date as an invoice adjustment event. The accounting date for this event is the GL Date on the invoice distribution. Payables groups the other distributions by GL Date and accounting for these groups of distributions are recorded for separate accounting events. Invoice Adjustment Event The following are examples of transactions that are invoice adjustment events:
• Reversal of an existing distribution for an accounted invoice • Adding a new distribution to an accounted invoice • Accounting for the invoice event for this invoice includes only the distributions with the earliest GL
date. Prepayment Application Event This event accounts for the application of a prepayment to an invoice. the system will not automatically adjust the payment accounting entries. This event credits the prepaid account for the amount of the application. Note that if the invoice is paid and the payment has already been accounted. the earliest GL Date will be used when accounting for the invoice event. Note that if an invoice has distributions with different GL Dates. Prepayment Unapplication Event This event accounts for the unapplication of a prepayment. This event accounts for the new. Payment Event Accounting entries for this event record payment of an accounted invoice. It reverses any accounting entries that were recorded for the prepayment application. Since this is an invoice event. Payables will also record any gains and losses if you account for gains and losses at payment issue.For the invoice event. The accounting date for this event is the GL Date on the invoice distribution. The accounting date for this event is the GL Date on the Prepayment type invoice distribution.
. and debits the liability account because the prepayment was a payment on the invoice. cash basis accounting will not account for it until you pay the invoice. This event reverses all existing accounting entries for the invoice. Invoice Cancellation Event This event occurs when you cancel an accounted invoice. The accounting date for this event is the GL Date on the Prepayment type invoice distribution. negative amount distributions (reversals) that are created when you cancel an invoice. Payables will not account for a payment until the paid invoices are accounted. Payables creates entries to relieve the liability of the invoice
• If you use accrual basis accounting.
the accounting entries for this event relieve the liability accounts in the amount of the payment. For the newly selected invoices. For payments. Payables creates accounting entries for this event only if the Account for Payment When Payment is Issued option is enabled in the Payables Options window. For the originally paid invoices. accounting entries for this event credit the cash clearing account. including future dated payments. depending on your Payables option. Accounting entries for this event debit the future dated payment account. For future dated payments. the entries reverse the invoice liability that the payment had relieved. • If you account for payments only at payment issue. then Payables does not record any entries for the payment event. • If you also account for payments at payment clearing. • If you account for payments at both issue and clearing. If the payment date is in a closed period. and records any gains or losses for the newly selected invoices. Payables also reverses any gains or losses for the originally paid invoices. When the payment accounting options in the Payables Options window are set to account for payments when they are issued: • If you account for payments at payment issue only. accounting for the payment event creates entries for the accounts on
the paid invoice distributions. the accounting date for this event is the payment date. Payment Adjustment Event A payment adjustment event occurs when you change the invoices recorded on a Manual payment. Payment Maturity Event This event creates accounting entries for future dated payments when their status is updated from Issued to Negotiable. Payables creates accounting entries for this event only if the Account for Payment When Payment is Issued option is enabled in the Payables Options window. accounting entries for this event credit the Future Dated Payment Account from either the payment document or the supplier site. After a future dated payment matures. The accounting date for this event is the maturity date on the future dated payment. then accounting entries for this event credit the cash account. then the GL Date is the first day of the next open period. then accounting entries for this event credit the cash account. this event might also create discount or rounding entries. but instead records the payment during the payment clearing event.
. If you account for payments only when they clear. you can update its status in two ways: • Submit the Update Matured Future Payment Status program • Manually update the status in the Status field of the Payments window. Based on your system setup and the transaction details. then accounting entries for this event credit the cash clearing account.• For cash basis accounting.
Note that positive amount bank errors are recorded through Oracle Receivables. then accounting entries for this event debit the liability account. For payments the accounting date for this event is the payment date. – and you use accrual basis accounting. you may have accounting entries for gains. Also. Accounting entries for this event credit the cash account. and negative amount bank errors. The accounting date for this event is the GL Date on the uncleared payment. If the void GL date and the payment date are different. then the GL Date is the first day of the next open period. then accounting entries for this event debit the cash clearing account. losses. – and you use cash basis accounting.
. Payables creates accounting entries for this event only if the Account for Payment When Payment Clears option is enabled in the Payables Options window and after the corresponding clearing event is accounted. bank charges. Payment Unclearing Event This event occurs when you either unclear or unreconcile a payment in Oracle Cash Management. The accounting date for this event is the Clear Date you enter in Oracle Cash Management. If the payment date is in a closed period. you will get both a payment event and a payment cancellation event. Payment Clearing Event This event occurs when you either clear or reconcile a payment in Oracle Cash Management. • If you account for payments only at clearing. Payables creates accounting entries for this event only if the Account for Payment When Payment is Issued option is enabled in the Payables Options window. Accounting entries for this event reverse the accounting entries that were recorded during the payment clearing event. This event reverses accounting entries for the payment. then when you account for the payment. Payment Cancellation Event This event occurs when you cancel (void) a payment. Payables creates accounting entries for this event only if the Account for Payment When Payment Clears option is enabled in the Payables Options window. then accounting entries for this event debit the expense account.Payables creates accounting entries for this event only if the Account for Payment When Payment is Issued option is enabled in the Payables Options window. • If you account for payments both at issue and clearing. The accounting date for this event is the void GL Date on the payment.
you can view the new accounting entries in the View Accounting Lines window. Payables Accounting Process
Submit this batch process to create accounting entries in Payables. 11/24/2009 . • Create accounting entries for a single transaction or batch.Creating Accounting Entries in Payables
Submitted by Anonymous on Tue. In the Update Accounting Entries window.
After the process completes. After the process is complete. you can update any accounting entries that were created with invalid accounts. Payables Accounting Process Report Use this report to review accounting entries created by the Payables Accounting Process. Payables produces the Accounting Entries Audit Report and Accounting Entries Exception Report. The report has two sections:
. The exception report lists any transactions that accounted with errors.09:24
You can create accounting entries for Payables accounting events in two ways:
• Submit the Payables Accounting Process.
Note that while the Payables Accounting Process is submitted for a document class. The Accounting Entries Exception Report is generated only when the accounting process encounters entries that fail validation. Oracle General Ledger associates each of your accounting entries with a journal entry category. Assigned to journal entries originating from payment reconciliation events. 11/25/2009 . a listing of
accounting entries created by the accounting process. Attention: If you see an entry that has a fatal error. The audit report provides. Assigned to journal entries originating from invoice accounting events. This category is used to indicate the purpose or nature of the transaction.
Transferring Accounting Entries to Your General Ledger
Submitted by Anonymous on Wed. Purchase Invoices. Reconciled Payments. the report is organized by journal category. then the transaction remains unaccounted. The exception report lists in detail all accounting entries that
were created with an error status and a description of that error.
1.Payment Accounting Events belong to the Payments Document Class. excluding
payment reconciliation events.
3. There are three journal entry categories for Oracle Payables transactions.
Payment ReconciliationEvents belong to the Payments Document Class. Assigned to journal entries originating from payment accounting events.• Accounting Entries Audit Report.
• Accounting Entries Exceptions Report. If this condition is encountered. Payments. please contact Oracle Support for technical assistance.13:01
Accounting Events belong to the Invoice Document Class. in detail or summary.
submit the Payables Transfer to General Ledger program to send invoice and payment accounting entries to the general ledger interface.
. and lines within General Ledger to update your General Ledger account balances. then you can submit Journal Import.After you create accounting entries in Payables. which uses the data in the GL interface to create unposted journal entry batches. headers. If you do not use General Ledger. so you can continue to review them in Payables. Also. Payables retains the accounting entries. or separately. You can submit Journal Import either when you submit the transfer program. you can drill down to the related accounting entries or transactions in Payables. headers. and lines. after you post journal entries in Oracle General Ledger. You can then post these journal entry batches. If you use Oracle General Ledger. read the Multiple Reporting Currencies in Oracle Applications manual for information on transferring accounting entries when you use the Multiple Reporting Currency feature. If you use the Multiple Reporting Currencies feature. you can use the data in the GL interface to create and post journal entries in your general ledger. after the transfer process completes.
This window limits you to viewing invoice accounting entries. 11/25/2009 . You open this window from one of the following places: Payments
You can view accounting entries in the view accounting entries windows.e. You can view the detail accounting lines for the queried transaction in the form of a balanced accounting entry (i. Payables includes the following windows that you use to view accounting entries:
• View Accounting Lines. This window limits you to viewing payment accounting entries. You open this window from one of the following places: Invoices window. or view summarized accounting for each account in the Activity Summary window.
• View Payment Accounting. Depending on how you open the window. Use these features to see how a transaction affects the account balances in your general ledger. the window title and the data that you see in the windows vary. or drilling down from Oracle General Ledger.
. You can also view the detail accounting as t–accounts in the T Accounts window.Viewing Accounting Entries
Submitted by Anonymous on Wed. Update Accounting Entries window.
Update Accounting Entries window. You can navigate to this window from the Navigator. debits equal credits).. • View Invoice Accounting. or drilling down from Oracle General Ledger.
Automatic Tax Calculation 8.Other Topics
Submitted by Anonymous on Tue. Intercompany Accounting 10. For the previous month. Automatic Withholding Tax 6. Run 'Payable Accounting Process'. Budgetary Control and Encumbrance 9.09:10
1. 02/24/2010 . Period Close 2. Positive Pay Integration 4. Interest Invoices 5. run: a) Account Payable Trial Balance Report For the month just closed.18:40
This topic describes the following specialized features in Payables: 1. Run the program ‘Expense Report Import’ program. Submit the program with default parameters. Run the ‘Invoice On Hold Report’ for the period to verify if any invoice is put on hold. 3.This will validate all the invoices entered in the Operating Unit. resolve the issue and remove the hold. 5. Enter Period Name and submit the report. 2. 02/23/2010 . AuditTrail 3. Petty Cash Funds
• Month End Close and Reconciliation
Month End Close and Reconciliation
Submitted by Anonymous on Wed. Run the ‘Invoice Validation’ program for all parameters . If there is any invoice on hold. run: a) Posted Payment Register b) Posted Invoice Register c) Account Payable Trial Balance Report
. 6. 4. Run ‘Unaccounted Transactions Report’ program to find out any unaccounted transaction for the period. Automatic Offsets 7.
Transfer accounting transactions to GL by running 'Payables Transfer to General Ledger' program.Current Month Posted Payment Register = Current Month Account Payable Trial Balance 7. 8.Reconcile using: Previous month Account Payable Trial Balance + Current Month Posted Invoice Register . Run ‘Account Analysis Report with Sub Ledger Detail’ for your AP Liability Account in GL. 9. To Close period in AP and open the next period: Navigate to Accounting > Control Payables Periods Close the current period and then open the next period
. The grand totals should match with AP Trial Balance Report.