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varadhi reddy


{ City } hyderabad
< Country > india
* Profession * oracle functional consultant
User No # 61496
Total Questions Posted # 0
Total Answers Posted # 5

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Questions / { varadhi reddy }
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Answers / { varadhi reddy }

Question { Rolta, 11297 }

To implement AP from scratch-what is the process?


Answer

Hi All....

Overview of Oracle Payables.

i. Supplier Entry
ii. Invoice Import / Entry
iii. Invoice Validation
iv. Invoice Payment
v. Invoice and Payment Accounting

Please follow the steps to implement Oracle AP up to my
knowledge.

Prerequisites :

1. Primary Ledger - Setup in General Ledger
2. Business Group - Setup in Human Resources
3. Operating Unit - Setup in Human Resources
4. Inventory Org. - Setup in Human Resources

Step by Step to Setup AP:

1. Assign the following profile options at Responsibility Level
1.1. GL: Data Access Set
1.2. GL: Ledger Name
1.3. HR: Business Group
1.4. MO: Operating Unit

2. Run Replicate Seed data Concurrent request for the
Operating Unit that you are assigned for AP from Sysadmin Resp.

3. Choose your Operating Unit from AP module
AP -> Setup -> Options -> Choose Operating Unit
Note : It was choose set of books in 11i.

4. Payables System Setup ( Based on Business Requirement )
AP -> Setup -> Options
4.1. Payables Systme setup
4.2. Financials Options
4.3. Payables Options

4. Define Payment Terms
AP ->Setup -> Invoice -> Payment Terms

5. Create Internal Banks
AP -> Setup -> Payment -> Banks

6. Create Internal Bank Accounts
AP -> Setup -> Payment -> Bank Accounts

7. Setup Payable Document
AP -> Setup-> Payment -> Bank Accounts -> Payable Document

8. Define Distribution Set
AP -> Invoice -> Distribution Set

9. Define Document Sequence for payable Invoices and Payments
SysAdmin ->Application -> Document -> Define

10. Assign Document Sequence

SysAdmin -> Application _> Document -> Assign

Now your Oracle AP module is ready use. You can create
supplier, Invoices, and make payments.

If you want any R12 Financial Document like Setup / AIM,
please mail me varadhi@in.com


Thanks
Varadhi

Is This Answer Correct ?    16 Yes 0 No

Question { 6251 }

Explain automatic offset in AP.


Answer

Automatic Offsets, Payables automatically balances invoice
and payment distributions that cross balancing segments by
creating offsetting entries for each balancing segment.

Is This Answer Correct ?    4 Yes 0 No


Question { Oracle, 6608 }

What is average Balance In Oracle Financials?


Answer

The Average Balance feature of Oracle General Ledger
provides organizations with the ability to track average and
end-of-day balances, report average balance sheets, and
create custom reports using both standard and average
balances. Average balance processing is particularly
important for financial institutions, since average balance
sheets are required, in addition to standard balance sheets,
by many regulatory agencies. Many organizations also use
average balances for internal management reporting and
profitability analysis.

The difference between an average and standard balance sheet
is that balances are expressed as average amounts rather
than actual period-end amounts. An average balance is
computed as the sum of the actual daily closing balance for
a balance sheet account, divided by the number of calendar
days in the reporting period.

Is This Answer Correct ?    11 Yes 0 No

Question { Oracle, 6212 }

i am trying to raise transaction in AR , item is not select
this work bench, i am trying to different supplier, i am face
that again same problem . pls send me my problem.


Answer

Hi,

Your missing critical information on your question, please
give the clarity on the below questions

1. If you are raising a transaction on AR, why are you using
supplier?

2. Have you defined Inventory Organization?

Is This Answer Correct ?    5 Yes 1 No

Question { 5272 }

SIR/FRIENDS ,I,M FROM COMMERCE STUDENT. I HAVE GOT 24 MARKS
IN MATH (135 OUT OF 250 )IBPS CLERK CWE.IF INTERVIEWER
ASKED ME U R BORDER OF PASSING MARKS IN UR MATH, THEN WHAT
SHOULD I SAID TO INTERVIEWER? PLZ SUGGEST ME FOR PERFECT
ANSWER.


Answer

First of all it is not a mathematical question to answer perfectly!!

Increase your communication skills. Never think about "IF", just move with confidence, leave about blue moon thoughts. Increase your skill set, and move on.

Is This Answer Correct ?    17 Yes 0 No