Quick notes : ‘Procure 2 Pay’ Cycle

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

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.