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where should Accrual account define in account payable that will affected during Invoicing?
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Expense accrual accounts are defined in Purchasing options and Inv accrual accounts are defined in the Inv Org.
When expense accounts are received, expense is debited and exp accrual is credited. In the same way, when inventory item is received, inventory - Dr and Inv Accrual - Cr
When invoice is created and matched with PO/Receipt, the corresponding accrual is relieved and liability is credited.
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hi friends i am a B.com Commerce Graduate, completed in the year 2006. i have good knowledge in oracle General Ledger, Accounts Payable, Cash Management. i have basic Knowledge in Accounts Receivables and Fixed Assets, i dont have experience in oracle financials, but i have 3 years of experience in Accounts. After learning oracle i am very much confused that will i be eligible to get job in oracle or not. i got adviced from many consultancies and councellors about this matter , few of them advice me to search oracle job and few are'nt . please advice me to what to do .
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