Answer / omsai

AP ACCOUNTING PERIODS HELPS TO PERFORM INVOICES RAISING AND
PAYMENTS MADE WITH IN THE THE APPLICATION. BEFORE WE
TRANSFER BALANCES TO GL , WE NEED TO CLOSE THIS SUB LEDGER
PERIODS. AFTER FROM THAT, IF PROPER VALIDATIONS ARE NOT
TAKEN AND HOLDS EXISTS ON EIGHER INVOICE OR PAYMENT THEN WE
CANT CLOSE AP PERIODS..WHICH INTURN EFFECTS ON GL CLOSE AS
WELL AS CONSOLIDATION

Answer / nisha

Accounting periods are the periods in which you perform
your operations.Accounting periods are closed so as to
ensure that no accounting entries can be passed in that
period after they are clsoed.Suppose you have issued your
results without closing your accounting periods and then
you chnage some entries in that period thus in turn
misleading the public at large.So it is important to close
your accounting periods.Also, if accounting periods in Ap
are not closed it shall not allow you to run GL.Prior to
closng the periods it is important to ensure that all your
invoices are validated and no hold exists on any one of
them.If hold exists it shall not allow you to run GL.

Answer / javvad

AP ACCOUNTING PERIODS HELPS TO PERFORM INVOICES RAISING AND
PAYMENTS MADE WITH IN THE THE APPLICATION. BEFORE WE
TRANSFER BALANCES TO GL , WE NEED TO CLOSE THIS SUB LEDGER
PERIODS. AFTER FROM THAT, IF PROPER VALIDATIONS ARE NOT
TAKEN AND HOLDS EXISTS ON EIGHER INVOICE OR PAYMENT THEN WE
CANT CLOSE AP PERIODS..WHICH INTURN EFFECTS ON GL CLOSE AS
WELL AS CONSOLIDATION

Answer / javvad

Hai, this is javvad MBA ORACLE FINANCE

BY THE USE OF AP ACCOUNTING ...............

What is meant by RFQ?

4 Answers  

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How do you adjust receivables?

0 Answers   IBM,

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Client's requirement is that first invoice would be a proforma invoice. Second invoice would be Tax invoice. Presently, we are unable to use this approach of payment?

1 Answers  

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what is aim methodology?explain me in detail? what is ur role in it ? in which phases u involved

4 Answers   Cap Gemini, Satyam,

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if you are not having a cashmanagement module how to reconcile or how to clear the transactions?

2 Answers   Genpact,

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We have both consumption tax and With Holding Tax on each invoice, will there be any conflict involved?

0 Answers   Accenture,

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What is the program to transfer data from AP to GL?

1 Answers  

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Hi I'm new in ERP - Oracle Application i appriciate if any one help me in this issue i need SQL to get badeget balance Acutal Balance Encumbrance Balance fund Avalable thanx ahmed

0 Answers  

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what is CCID in oracle apps ? how it works explain detail ?

1 Answers  

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Please post the setups required to approve the payable invoice in AP.

0 Answers  

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What are the important setup in cash management for reconciled the payment ?

2 Answers   Deloitte,

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What are the components of Set of Books?

1 Answers   Logica CMG,

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