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Quick notes :”Procure 2 Pay” Cycle

Posted on February 22nd, 2008 by Sanjit Anand |Print This Post Print This Post |Email This Post Email This Post

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Similar to O2C in last post , these things you should Know about Procure 2 Pay Cycle.

Oracle Purchasing

  • You enter purchasing documents by operating unit. These include standard and blanket agreement purchase orders, requisitions, RFQ's and quotes. You assign a PO shipment to an inventory organization, any inventory organization in the same set of books as the PO's operating unit.
  • You enter receipts by inventory organization.

Account Payable

  • You setup one default liability account by operating unit.
  • You enter invoices in one operating unit at a time.
  • You run payment runs in one operating unit at a time.
  • You can consolidate supplier invoices on one payment only within an operating unit.
  • You setup bank accounts and associated cash accounts within an operating unit.
  • You select invoices for payment on one payment run for one bank account based on pay group, priority, amount,currency, or payment method (i.e. check, electronic) within an operating unit.

PO/AP:

  • You setup suppliers for the entire database instance but addresses for each operating unit.
  • You merge suppliers and addresses within an operating unit.
  • You report supplier/customer netting within an operating unit.

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Posted in Oracle Payable, Oracle Purchasing | 2 Comments »Email This Post Email This Post | Print This Post Print This Post

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2 Responses
  1. Sunil Says:

    Hi Sanjit,
    This is supposed to be a only a private post. No need to make it public.

    I see that that is a valuable info for someone who already knows this stuff but for someone who is learning(like me), would not it be great to link these facts by a logical chain of thoughts.

    thanks
    Sunil
    http://www.oneLife.in

  2. Key accounts - P2P Cycle Says:

    […] Techies MindA bit on IFRSOracle General Ledger IntegrationOrder Management(OM) Integration OptionsQuick notes : ‘Procure 2 Pay’ Cycle […]

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