Interested to Buy Any Domain ? << Click Here >> for more details...
What is payment of Draft, Final and Final Post?
- 3 Answers
- 7805 Views
- Deloitte, IBM, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
How to support projects life cycles details?
What are the types of setups in apps inventory module
Provide an overview of AR cash receipt processing.
what is the steps to customization ?
difference between tds and income tax (India)
What is Difference between Auto Copy Journal and recurring journal?
difference between 11i&r12
What is the procedure for requition import?
What is multi org? What is difference between 11i and 12i multi org structure?
What is gap analysis, how do you defined. What are the pre-requisities?
HI, once we create the standard invoice then we can get journal entry item expense a/c-dr to liability a.c then item it will reflect through inventory, but liability a/c . it will reflect from GL , it is possible .
what r issues faced in gl
can any one tell me what exactly functional consultant do on daily basis? client requirements?
What is the db number of a particular customer TCA?
What kind of budgets have you worked on?
