Explain the concept of reccuring journals ?
Answer Posted / mstapps
Reccuring journal means journals, which are
repetitive nature is a year. On the basis of amount
reccuring journals are three types
1. Formula journals
2. Skeliton journals
3. Standard journals
FORMULA : means journal entries use formulas to create
journal amounts that vary from period to period
SKELITON : means journals have same accounts but have
different posting amounts
STANDARD : means journal entries use the same accounts and
amounts in each period
| Is This Answer Correct ? | 24 Yes | 2 No |
Post New Answer View All Answers
could you please post some work around that any body have done in the financial modules.
Recurring Problem Posting i have Journals for sep 2018 that i approved but they are not available to post even though the period is open in Oracle R12 Issues
HI, once we create the standard invoice then we can get journal entry item expense a/c-dr to liability a.c then item it will reflect through inventory, but liability a/c . it will reflect from GL , it is possible .
What is the Process of Reconciliation Between AP to GL
What is gap analysis, what are the pre-requisities?
I have a requirement where during the consolidation into USD (from GBP books) I want use two different exchange rates for two consolidations. Child SOB is same but the Parent SOB's are different. How can this be done in Oracle Financials? Answers will be Appreciable. Thank You.
What is the meaning holding tax?
what is the steps to customization ?
can we define 2 different currency revaluation at a time??
When we run a GL Reconciliation Report, we also see the void payments in that report. Even though i disable the option of Show Void payments, its appearing in the report.How do i proceed so that i dont see those void payments in the GL Reconciliation Report?
Invoice Approval Process?
Write Test Scripts for a telecummunication project on the basis of priority with some examples with regard to AP,GL,FA.
what r issues faced in gl
How will account an advance of Rs.10000/- which is a permanent prepayment, can I make payment for this?
SLA usage ans how to define setups?