in Oracle Payable s we are not matching Po how to clear accrual account in P2p cycle?
Answer Posted / tgs100
If invoice is matched to PO/Receipt, Accrual account is derived from PO/Receipt. If you are using PO/Receipt for your purchases, but not matching in the invoices, then the user (who enters invoice) should manually enter the accrual account (entered in PO) in the invoice line/distribution.
But for asset items, user needs to enter asset clearing account in the distribution, if mass addition is used. again in this case, we need a manual adjustment journals in GL to relieve accrual and asset clearing.
Note: Question asked in the interview is a hypothetical scenario to test the accounting knowledge of the candidate. It may not happen for all the invoices, may happen for some invoices.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
1)What cannot be consolidated in GCS? 2) When you setup calendar in GL is it possible to change it?
What is the meaning holding tax?
what is the use of hr: security profile, while configure multiorg?
Give examples & explain the below mentioned activity. "Analyzing the documents provided by the client and thereby identifying the test cases to be tested for the application assigned (FA, AP and GL)"
how to do customization while doing oracle implementation. what is the role of functional consultant in customization?
what is VAT claim process?
how we can stop the transaction for not transfer to the reporting ledger at the time of entering the transaction in pl
While assigning the security by book in oracle assets..i am unable ot get the asset org in security profile form.This asset org was already defined in org description window.
What is gap analysis, how do you defined?
could you please post some work around that any body have done in the financial modules.
What is Reporting of financial data in a project.
1.what is the name of program to create invoice automatic from po.? 2.How to auto upload the bank statement? 3.PO tax has not flown to invoice . why? Debit memo not generated for return of goods.??
What is the use of hr: user type, while configure multiorg?
I am traying to access oracle functiona/ technical interview questions asked by the consultancy "infosys", but i cant find anything when i go the to the links, i need the oracle erp techno functiona questions pls, Thanks, in advance Tovia
Explain Customization process?