Saturday, 13 February 2016

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Issue1: When we run create accounting program payment not getting accounted and error message showing cash clearing account not assigned ...
Friday, 5 February 2016

Accounting Entries for Assets Module in Oracle Apps

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Depreciation Accounting: Depreciation Expense A/c...........Dr.               To Accumulated Depreciation A/c.............. Cr. Asset addi...
2 comments:
Monday, 28 December 2015

Payment Process Request (PPR) Statuses in Payment Manager Concept- Oracle payables

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1) New: This status indicates that the PPR has been successfully submitted for processing, and the AutoSelect program is digesting the crit...
3 comments:
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...
1 comment:

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 ...
1 comment:
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 ...
1 comment:
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...