Answer / srinivask

Invoice entry:

Invoice AP accrual a/c debit
AP liability a/c credit

Invoice payment:

AP liability a/c debit
cash/bank a/c credit

Answer / srikanth

In the Case of client using Cash Management

Invoice Entry:
AP Accural a/c to AP Liability
Cash Management:
AP Liability Ac to Cash Clearing A/C.
Invoice Payments:
Cash Clearing Ac to Cash

With out Cash Management

AP Accural Ac to Liability Ac
Liability Ac to Cash Ac

what is value set

4 Answers  

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what is accounting entries of p2p

5 Answers   Ernst Young,

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Advance paid to Employee 1000$. Employee incurred expenses of 800$ and he returned 200$. What is the Accounting Entry?

3 Answers   Polaris,

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Can I do a payment of 50 bills on a post date. If yes, then how?

0 Answers  

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What are the depreciation methods used in FA module?

2 Answers  

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Difference b/w Item Expense a/c, Material A/c & Expense A/c@Inventory org level?

1 Answers   Infosys,

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Can we use AME for PO approvals ?

1 Answers   Expedia,

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I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thank you in advance for your help.

3 Answers   Oracle,

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What experience do you have in FA Module Implementation?

1 Answers  

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At what level FA is implemented?

13 Answers   DELL,

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For what purpose use Mass Allocation In General Ledger. and what procedure to create mass allocation . can any body explain

2 Answers  

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How many key flexfield in Receivables ?

5 Answers   Accenture,

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