What is an ERS
Answers were Sorted based on User's Feedback
Answer / yogaphani
ERS stands for Evaluated Receipt Settlement also Known as
PAY ON RECIPT AUTO Functionality.
We need to run Pay on receipt auto invoice program to create a REceipt match invoice.
for that we need to do minimal set up at supplier site level.
Is This Answer Correct ? | 12 Yes | 0 No |
Answer / alexander william
ERS Stands from Evaluated Receipt Settlement and it is a procedure for the automatic settlement of receipts, benefits of ERS include invoice variance prevention, confirms the existence of a corresponding purchase order it verifies the identity and quantity of the goods, and then pays to the supplier.
Is This Answer Correct ? | 1 Yes | 0 No |
Based on the Receipt we will auto creating the invoice, against that invoice we are going to make the payment. We we are following means Ordered quantity and received quantity may differs so that based on received quantity we will raise the invoice against that invoice will make the payment.
Is This Answer Correct ? | 0 Yes | 0 No |
If the COA of the parent and child are difference then how will the consolidation be done?
Why Retained Earning Account is necessary for the set of book creation while implementing oracle new business.
What is ment by prorate convention?
Tell me something about asset insurance?
What is meant by third party payments?
how to find out one organization using multi-org or single org?
5 Answers Accenture, Cognizant,
we have purchased a loptop from the supplier, we have made the payment to supplier through check and the supplier has taken the money from the org. bank and even the transaction has been reconciled with cash management. But due some reason we have returned the loptop to the supplier. Now How this real time scenario will be resolved in the Payable module.
What is the use of defining security hierarchy?
How to do the analysis of discounts lost and fixing the root cause?
What is the procedure for requition import?
what is the revenue recognization program in ar &what is the difference between aging report and revenue recognization report.
what is accounting entries of p2p