Question { Genesis, 9113 }

What is write off in payables? When do we use?

Answer

Hi,

Write off functionality can be done two ways for payables…Create a dummy bank account give write off account in cash account….now create a debit memo for the wrie off amount and pay both the invoice amount and debit memo amount….This is called zero payaments....For this you have to enable Allow zero payments check box at bank account level

Question { Genesis, 9113 }

What is write off in payables? When do we use?

Answer

Hi,

Write off functionality can be done two ways for payables…Create a dummy bank account give write off account in cash account….now create a debit memo for the wrie off amount and pay both the invoice amount and debit memo amount….This is called zero payaments....For this you have to enable Allow zero payments check box at bank account level

Question { 2900 }

Hi All.,

Can Any one tell me how define the receivable options in
AR. what are steps should be followed for creating a
receipting workbench.

Answer

Hi,

We cannot define receivable options in AR, we define receivable activities and receivable sources

Receivable options are defined using PO or Inventory responsibilities

Question { iGate, 3560 }

what is invoice variance in ap

Answer

Invoice Price variance is the difference between PO price and invoice price

Ex:- PO anount:10 qty:10

Receipt and invoice qty: 11

So the accounting entry would be

Receiving inventory a/c Dr 100
To AP inv accrual a/c Cr 100

When invoice is matched with PO:

AP inv accrual a/c DR 100
Invoice price variance a/c DR 10
To Liability account 110

Question { 6866 }

I have requirement where the Invoice given by supplier is in
USD, but the payment can be done in GBP. Is it possible in AP?

Answer

Yes we can make multi currency payments....There is a small setup we have to enable multi Allow multiple currency check box at bank level and also make sure that conversion rates are defined between the currencies

Question { 4556 }

What is the use of the Default GL Date given in parameters
of the Autoinvoice import program?

Answer

GL date which is given in the auto invoice import programm...invoices gets generated with the GL date which is given in the parameter.....Make sure that the GL date is mentioned in the AR interfaces before running the auto invoice master programm

Question { Accenture, 5090 }

how to load ap invoice from legacy to our system and should show the paid invoice as paid and un paid as unpaid

Answer

We can run a script to load open invoices and paid invoices from legacy system to new oracle system

Question { TCS, 9931 }

Hoe to refund prepayment amount

Answer

Hi All,

Prepayment refund can be done in the below way

Prepayment: 300000
Invoice: 150000
Refund :150000

Create prepayment of 300000 and apply inoive 150000 to the prepayment

Then the remaining 150000 amount should be refunded, so create a invoice for 15000 by giving refund account in thr disdtribution level and then create Credit memo worth 150000.

Apply credit memo to the invoice, pay both invoice and credit memo. Thus prepayment refund id done

Question { ABC, 11353 }

What is the difference between data converson and data
migration

Answer

1.Data Migration is extracting data from legacy system and loading the data into new system if individuals required to upgrade the systems

2.Data conversion is bit different from data migration we do conversion from one format to another format with in the versions ex: when we upgrade the version from 11i to R12 we do conversions

Question { 4727 }

What is the difference between 11I AND R12?

Answer

Some of the differences between 11i and R12

11i
1.Payment manager was not in use in 11i to pay multiple invoices
R12
1.Payment manager is in use to pay invoices automatically

11i
2.In 11i there is no 4c's concept
R12
2.In R12 4c's concept is in use where 4c's stands for calender,Chart of Accounts,Currency,Accounting method

11i
3.In 11i Operating unit,legal entity are created using organization form in HRMS or Inventory responsibility
R12
3.In R12 OU and legal entity, primary ledger is created in Accounting setup manager web page

Question { 4025 }

What is auto invoice

Answer

Auto invoice is creating invoices automatically

When ever we book the sales order, The transaction comes into the AR interface

So when we run Auto invoice master programm from AR responsibility all the transactions whichare in the interface will come into the AR and invoices will be created