Interested to Buy Any Domain ? << Click Here >> for more details...
What is payment of Draft, Final and Final Post?
- 3 Answers
- 7804 Views
- Deloitte, IBM, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / saiyid maududi
Draft will create journal entries, which are not final, which means they are not ready to be transferred to GL.
Final will create journal entries, which can be transferred to GL.
The differences are:
Bulk Accounting & Report Output
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sudhakar
Payment Draft means. In case we have supplier he supplier materials at 01-Jan-2016 as per his payment terms 30 days. So now i use to make a payment to that supplier as of 30th-Jan-2016 right. Instead of that if i made a payment to that supplier as of 15th-Jan-2016. Now i use to record that payment entry in my Accounts payable right. For that i will run Create Accounting programme for that Entry. There i will get this above options like Draft,Final,Final Post
If i consider Draft while running that programme. Accounting entry will generate but it will be in Draft Mode
When date came 30th Jan 2016 that time it self i use to show that accounting entry means again i will run that programme with Final Mode
Final Post means. I will run that programme by considering final post. Then that Accounting entry i can view in my payables module as well as it is getting posted in GL module by considering final post. Instead of transfering to GL at parameters level it self i am considering Final Post after completing on that programme with normal status. Then i can view JV for that payment in GL Module as well.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / jai singh rathore
A type of check where the payment is guaranteed to be available by issuing bank. Typically, banks will review the bank draft requester's account to see if sufficient funds are available for the check to clear.
| Is This Answer Correct ? | 1 Yes | 1 No |
i have studied oracle 11i finance courser at Oracle Universiyt at chennai. Now, i want some experience in same filed. If any have this chance, please inform to me
I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thank you in advance for your help.
What is Difference between Auto Copy Journal and recurring journal?
Can i increse/Decrease ths size of value set ?
What are the Distribution Type while entering the Invoice?
Payable And Financial options?
Payables Applications Technical Reference Manual
What are mandatory steps for payable module before entering transaction ?
Hi, Friends i need some Accounts Payable, General Ledger, Cash Management study material. Please if u have some material kindly send to my id itsaqueelahmed@gmail.com. i will be very thankful to u .
Can i know the best institute for oracle apps finance functional training in ameerpet?
I am working on PPR process to print checks. Currently the checks are printing for each supplier, supplier site and payment method group. My requirement is the invoice level one DFF is available (like A and B are the input values). Please let me know how include this DFF at invoice grouping level.
Define Requition?
Oracle Apps Technical 
