Tuesday, 22 December 2015

Retainage Release Invoice Concept and it's Accounting Entry - Oracle Payables

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This invoice is used to hold some portion of amount from the supplier Payment.The remaining will be paid to supplier only at the completion...
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Withholding Tax Invoice Concept

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If customer want to withhold the tax amount charged by supplier in the invoice, and customer want to pay the tax amount directly to tax aut...
Sunday, 6 December 2015

Zero Payment Concept and it's Setup's in Payables Module

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If you cancel an invoice (or) Invoices with offsetting credit or debit memos. In such case there is no need pay any amount, but system will...
Friday, 4 December 2015

Distribution Set Concept in Oracle Payables

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It is used to automatically enter distribution for an invoice. There are two type of distribution Sets. Full Distribution Set:  It is used ...
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Tuesday, 1 December 2015

Oracle Advanced Global Intercompany System (AGIS) Concept and it's Process.

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A transaction which takes place between the two balancing segment values between two legal entities is called AGIS. AGIS  is a new module ...
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Thursday, 12 November 2015

Pay On Receipt/ Self Billing

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Under Pay on Receipt/Self Billing method invoice will be created by system automatically when we create receipt. Setup Steps: Step: 1 Enab...

Prepayment Concept, Prepayment Statuses, Accounting Entries for Prepayment Concept.

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It is advance payment that we pay to the supplier to supply the goods/ services. There are two types of Prepayments, they are Permanent and...
Monday, 9 November 2015

AutoCash Rule Set.

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Receivables provides five AutoCash rules that we can use to create our own AutoCash rule sets. When we run Post QuickCash to apply customer...
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Friday, 6 November 2015

Auto Lockbox

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Lock box is a service offered by banks to companies in which the company receives payments from their customers and deposits the same compa...
Thursday, 29 October 2015

AutoAccounting Concept in Accounts Receivables

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Auto accounting is used to default the accounting information for manual transactions or imported transaction using autoinvoice. Auto accou...