Book Image

Oracle E-Business Suite Financials R12: A Functionality Guide

By : Mohan Iyer
Book Image

Oracle E-Business Suite Financials R12: A Functionality Guide

By: Mohan Iyer

Overview of this book

<p>Oracle EBS Financials provide organizations with solutions to a wide range of long- and short-term accounting system issues. Oracle E-Business Suite is the most comprehensive suite of integrated, global business applications that provides the most complete, integrated business intelligence portfolio<br /><br />Oracle E-Business Suite: A Functionality Guide – helps in binding the two skill sets together – knowledge of the software and the business knowledge of the user.<br /><br />This guide contains everything you need to know to maximize your implementation payback or return on investment.<br /><br />This book starts with an overview of Oracle E-Business Suite R12 where we cover the foundation features of Oracle Financial Management modules which include Navigation within Oracle E-Business Suite Release 12, Multiple Organization Access Control (MOAC), key aspects of Application Security and much more. The book then covers in detail General Ledger, Sub Ledger Accounting, Assets, Cash Management, Treasury, E-Business Tax, and much more.</p>
Table of Contents (24 chapters)
Oracle E-Business Suite Financials R12: A Functionality Guide
Credits
Foreword
About the Author
Acknowledgement
About the Reviewers
www.PacktPub.com
Preface
Index

Chapter 6. Payables

The Payables module is the last in the Procure to Pay process flow. It manages invoicing (creating the liability) and payment (clearing the liability).

Accounts Payable is a subledger where the system records what it owes its suppliers (creditors) for goods and services that have been provided. Due to the fact that there is, in most cases, a lag between the time the goods or services are delivered and the time the invoice is received, as well as a period before which the payment is made, this is recorded as a debt (or liability) for the enterprise.

This chapter provides an overview of the following:

  • Payable specific supplier considerations

  • Creating non-PO matched invoices

  • Creating and process expense reports

  • Creating PO matched invoices

  • Creating automatic debit memos

  • Creating payments

  • Overview of banks and their use in the payment process

  • Considerations during the close process