Lesson 10: Procure To Pay(P2P) Cycle: Payables Configurations(Internal Bank Account Creation)

Lesson 10: Procure To Pay(P2P) Cycle: Payables Configurations(Internal Bank Account Creation)

Hi friends , so this is the tenth lesson of our Procure To Pay(P2P) configurations learning series in Oracle Fusion. In Lesson 10, we will Discuss and perform the Payables Configurations & setups in Oracle Fusion. In this post , We will create Internal Bank account in Oracle Fusion for Procurement & Payables setup.

Payables Configurations

• Payables Configurations (Completed in Last Post).
• Manage Invoice Options (Completed in Last Post).
• Manage Payment Options (Completed in Last Post).
• Create Internal bank (Completed in Last Post).
• Create Internal Branch (Completed in Last Post).
• Create Internal Bank Account (Will do in this Post).

Create Bank Account 

Step 7:- 

Search for Task : Manage Bank Accounts and click on Create 

Internal Bank Account Creation

Step 8:- Create a bank account similar to below screen options 

Bank : ABC Bank.

Branch : ABC Bank Branch.

Account Number: 34101-12345-123.

Currency: USD.

Internal Bank Account Creation

Step 9:- Click on Business Unit Access Tab and create access for your Business Unit

Click on General tab and fill parameters as shown below

Cash Account: 990.00.60054412.000.000.000 

Cash Clearing Account: 990.00.60053334.000.000.000 

Internal Bank Account Creation

Step 10:- Create a Payment Document with below options

Prefix: ABC.

Paper Stock Type: Blank Stock.

Format : standard Check Format.

 

Step 11:-

Click ok Controls tab and set the parameters as shown below.

Click Save and Close

Click Below to continue the P2P Cycle.