Once we receive the material what is the entry in Oracle Apps AP

Once we receive the material what is the entry ... in AP? whether system ll automatically cleared.. or ll we create manually

Questions by mirunalinimiru   answers by mirunalinimiru

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amit_exl

  • Sep 12th, 2008
 

1. Invoice:

AP Accrual A/C
     To Liability

2. Invoice Payment:

Liability to Cash Clearing


Thanks & Regards
Amit Gupta

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selvaspak

  • Dec 28th, 2010
 

    After we received the material through Receipt(Goods Received Notes) then we have to run the "Pay On Receipt AutoInvoice" Concurrent program. for this one child program will automatically started, once these concurrent programs completed. The AP invoice will automatically generated after that we have to validate, account that invoice and make payment. the accounting flow is given below

Receipt (GRN)
             Inventory Receiving A/c
                       To Accural A/c (Inventory AP Accural)
Delivery
            Inventory Valuation A/c
                       To Inventory Receiving A/c
AP Invoice
            Accural A/c (Inventory AP Accural)
                     To Liability A/c
AP Payment
            Liability A/c
                     To Cash Clearing A/c.

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