Payables Options Setup in Oracle : How to configure Oracle Payables Setups
Payables Option helps to configure the Oracle Payables application environment. We can control the behavior of the application through Payables Option setup. Payables options also helps for defaulting the values in Invoice entry , supplier Creation , Payment page.
Payables Manager ==> Setups ==> Options ==> Payables Options
Automatic Offset Method:- This is used to control the accounting. This determines in which level accounting will be drive.
Payment Accounting :-
Account for the Payment
When Payment is issued :- This means , when we will issue the payment to the supplier system will create the below accounting
DR Liability & CR Cash Account
When Payment is Cleared:- This means , when the payment will be cleared in the Cash management , then system will again do the accounting of the payment.
DR Liability & CR Cash Clearing Account
When Both Payment is Issued & Payment is Cleared Checked :-
DR Liability
CR Cash Clearing Account
DR Cash Clearing Account
CR Cash Account
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