Answer Posted / narendaroracleapps
Pay Group:
It is used for grouping similar type of vendors
for whom payment can be made first or prioritized. It comes
in handy when payments are made by Payment Batches ....
Just an example .....You can 1000 payments to be made in a
day for 500 suppliers amounting to 10,000 $, but you have
only 8000$ in hand... But you know that there are payments
to be made to high profile suppliers which cannot be
delayed at any cost, in which case you create a pay group
HIGH PROFILE and assign that to those high profile
customers. Now when you run the payment batch, you can add
the paygroup on the selection criteria, which will select
only invoices for those suppliers and proceed for payment.
| Is This Answer Correct ? | 16 Yes | 0 No |
Post New Answer View All Answers
Give examples & explain the below mentioned activity. "Analyzing the documents provided by the client and thereby identifying the test cases to be tested for the application assigned (FA, AP and GL)"
What kind of budgets have you worked on?
How to support projects life cycles details?
Provide an overview of AR cash receipt processing.
difference between 11i&r12
What is Work Flow of AP,AR, Sales & Purchase
what is VAT claim process?
encumbrence set ups?
What is the Use of Grouping Rule in Receivables ? is it mandatory field ?
What is Reporting of financial data in a project.
I have a requirement where during the consolidation into USD (from GBP books) I want use two different exchange rates for two consolidations. Child SOB is same but the Parent SOB's are different. How can this be done in Oracle Financials? Answers will be Appreciable. Thank You.
Please post the setups required to approve the payable invoice in AP.
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
I am currently working in reputed Org as a Oracle apps end user (AR). Learned R12 functional course, but no real time exp as in support or implementation project.Please guide. thank you.
What is the Process of Reconciliation Between AP to GL
