Explain payment process profile?
Answers were Sorted based on User's Feedback
Answer / sudhakar
Payment process profile is the new feature added in R12. Before it is not existing in 11i. When you are making single payment by considering payment method as quick/Manual in that time we are using this Payment process profile. Once if you picked your Payment process profile at payment work bench level. System automatically picks your Bank and Payment method and your pay site automatically.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / prasad
PPP
For Single or Batch Payment, PPP is must. It provides the complete range of process while processing of any payment.
1. Document Creation
2. Document Selection
3. Payment Process Request Submission
4. Account and Profile Assignment
5. Document Validation
6. Payment Creation and Validation
7. Review and Modification
8. Payment File Creation
9. Payment File Validation
10. Extraction and Formatting
11. Transmission
12. Payment Document Printing
13. Post-processing
| Is This Answer Correct ? | 0 Yes | 1 No |
How many views are generated when compiling flexfield structure ?
1. P2P cycle with which accounts get effected at each stage
2 Answers Apps Associates, Meru Cabs, Patni,
What is primary set of book?
What is the difference between accrue at period end and accrue on receipt?
What is the difference between Secondar ledger and Reporting Currency Ledger.
What are the rules for translation?
whichever documents prepaired by the FUNCTIONAL CONSULTANT while implementing project by using AIM.
How to set different interest rates for different suppliers ?
How do we integrate the financial Applications(Modules) in the Multi Organization?
what is $flex used in oracle apps ?
What are the mondatory steps for Receivable module before entering transactions ?
how to do bank reconciliation