Explain payment process profile?
Answers were Sorted based on User's Feedback
Answer / sudhakar
Payment process profile is the new feature added in R12. Before it is not existing in 11i. When you are making single payment by considering payment method as quick/Manual in that time we are using this Payment process profile. Once if you picked your Payment process profile at payment work bench level. System automatically picks your Bank and Payment method and your pay site automatically.
Is This Answer Correct ? | 1 Yes | 1 No |
Answer / prasad
PPP
For Single or Batch Payment, PPP is must. It provides the complete range of process while processing of any payment.
1. Document Creation
2. Document Selection
3. Payment Process Request Submission
4. Account and Profile Assignment
5. Document Validation
6. Payment Creation and Validation
7. Review and Modification
8. Payment File Creation
9. Payment File Validation
10. Extraction and Formatting
11. Transmission
12. Payment Document Printing
13. Post-processing
Is This Answer Correct ? | 0 Yes | 1 No |
What is primary set of book?
what is Planning budgeting & Funding Budget and Setup Steps For Planning & Funding Budget ?
How do write a discoverer report to identify zero dollar suppliers/invoices where the supplier is on hold?
ERS Invoice means?
Advance paid to Employee 1000$. Employee incurred expenses of 800$ and he returned 200$. How can you perform these steps in AP?
7 Answers ASD Lab, Shriram, Sierra Atlantica, TCS, Technosoft,
7. what is reconciliation
Is Operating unit have branches in different location. I.e. same operating unit have One branch at Delhi and another one at Mumbai.
how do you know chart of accounts is in Active
When does the Invoice price variance arise? What is the accounting entry?
if you are not having a cashmanagement module how to reconcile or how to clear the transactions?
What are the setup steps that need to be defined for GL budgets
When we run a GL Reconciliation Report, we also see the void payments in that report. Even though i disable the option of Show Void payments, its appearing in the report.How do i proceed so that i dont see those void payments in the GL Reconciliation Report?