Migration Entry Process for Oracle Payables

Steps for AP Migration in Oracle ERP:

1. Upload Opening Trial Balance as on 31-Mar-20XX in Oracle General Ledger
2. Create one Dummy Migration Expense Account
3. Create Open Invoices belonging to closing year as on 31-Mar-20XX in Oracle Payables using Dummy
Migration Expense account in Invoice distribution.
4. Transfer accounting for these invoices in Oracle General Ledger through Create Accounting process
5. Reverse Journal Entries created for these invoices in Oracle General Leger

Example with Accouting:

Scenario:
Sundry Creditors Balance as on 31-Mar-20XX : Rs. 100000 Cr

Break-up of Sundry Creditors Invoices:

Supplier A: Rs. 60000 Cr.

Supplier B: Rs. 40000 Cr.

Transactions in Oracle:

Oracle General Ledger:

A. Trial Balance uploaded in Oracle General Ledger as on 31-Mar-20XX with below given details for Sundry
Creditors:

Sundry Creditors A/c ---- Rs. 100000 Cr.

B. Create One Dummy Migration Expense account

Oracle Payables:

A. Create all open invoices of pervious years for Suppliers as given in the scenario and select Dummy
Migration Expense account in distribution on 31-Mar-2011 date.
 Accounting for the Migration Invoices

Supplier A: Dummy Migration Expense a/c Rs. 60000 Dr.

Sundry Creditors a/c Rs. 60000 Cr.

Supplier B: Dummy Migration Expense a/c Rs. 40000 Dr.

Sundry Creditors a/c Rs. 40000 Cr.

After doing create accounting for these invoices following Journal Entries will be created in Oracle General Leger
as on 31-Mar-20XX

Oracle General Ledger:

Dummy Migration Expense A/c Rs. 100000 Dr.

Sundry Creditors a/c Rs. 100000 Cr.

Reverse the above Journal Entry in General Leger:

Sundry Creditors A/c Rs. 100000 Dr.

Dummy Migration Expense A/c Rs. 100000 Cr.

Total Journal Entry Created in Oracle General Ledger for Sundry Creditors and Dummy Migration Expense A/c are
as below:

Sundry Creditors A/c Rs. 100000 Cr. ---------- As per Trial balance as on 31-Mar-20XX

Sundry Creditors A/c Rs. 100000 Cr. ----------- As per the accounting generated for Migration Invoices

Sundry Creditors A/c Rs. 100000 Dr. ---------- As per the reversal of Journal Entry of Migration Invoices

Dummy Migration Expense A/c Rs. 100000 Dr. ------- As per the accounting generated for Migration Invoices

Dummy Migration Expense A/c Rs. 100000 Cr. ---- As per the reversal of Journal Entry of Migration Invoices
Accounting created in Orancle General Ledger on payment of Migration Invoices in current year

Supplier A:

Sundry Creditor a/c Rs. 60000 Dr.

Bank/Cash a/c Rs. 60000 Cr.

Supplier B
Sundry Creditor a/c Rs. 40000 Dr.
Bank/Cash a/c Rs. 40000 Cr.