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Quick Tour for Account Payable

AP takes care of all payments in Oracle Applications. This module has active interaction with Purchasing and General Ledger modules.

The different functionality of the Payables module are:

An top level overview of the module can be given as :

1.Enter Suppliers

This step consist of set up as well as maintenance of existing one.During the setup, we need to do setup for

Importantly the other features in this area consist is :

2.Invoices

This consist Setup for;

3. Approve invoice

This required set up for rule, so that approval and validation process can validate based on some parameter.

4.Payments

This requires set up for payment related dependency which include ;

Take a note in manual and Quick check, you have to simply enter payment details and correlate to invoices. Automatic check is applicable for batch payments.

5. Create Journal entries

Typical flow for creating Journal entries is summarized as:

And here is final note of accounting Entries of AP :

...And, This is Four Rule of Payables

Hope this is a brief overview of the Payable business flow, will discuss & share some more in next couple of post.Till then keep watching this space.

1 Comment (Open | Close)

1 Comment To "Quick Tour for Account Payable"

#1 Comment By Femi On June 3, 2008 @ 5:07 am

Please, kindly tell me how one can find out which tax line is linked to a specific item line in payables. In AR, we have ra_customer_trx_lines.LINK_TO_CUST_TRX_LINE_ID to link line item to its tax.