Book Image

Oracle E-Business Suite 12 Financials Cookbook

By : Yemi Onigbode
Book Image

Oracle E-Business Suite 12 Financials Cookbook

By: Yemi Onigbode

Overview of this book

Oracle EBS Financials Suite is a solution that provides out-of-the-box features to meet global financial reporting and tax requirements with one accounting, tax, banking, and payments model and makes it easy to operate shared services across businesses and regions. Have you ever wondered how the EBS Financials modules integrate with each other, and do you want to know how this is done quickly? If so, this book is for you. You may have read about what EBS financials does, but with this book on your work desk you will see how to do it. The Oracle E-Business Suite 12 Financials Cookbook will enable you to taste the core functionalities of the main modules using bite size recipes. Each recipe is organized in a way that will enable you to learn the core steps to perform in a key business scenario; it then dives deeper into concepts and scenarios. Discover scenario-based recipes, designed to help you understand how the end-to-end processes within EBS R12 Financials modules are linked together, through touch points. With each chapter, this book develops a full business end-to-end scenario to cover the financial modules. You will start by creating items in Inventory, and then purchase items in Procurement. Then you will move on to entering supplier invoices and paying them in Payables and creating and managing assets. See how items are sold and shipped to customers in Order Management, and how funds are received from customer in Receivables. Manage cash and transfer transactions to General Ledger, and then close periods.
Table of Contents (15 chapters)
Oracle E-Business Suite 12 Financials Cookbook
About the Author
About the Reviewer


Customers are billed for goods and services by an organization. Oracle Receivables creates an invoice for the bill and the customers pay the invoices. The receipts for the bill are entered and monitored in receivables. In this chapter, we will look at how to create invoices and record the receipts from customers. Let's start by looking at the receivables process.

The following diagram summarizes an example of the receivables process:

  1. 1. The Customer Service Administrator creates the invoice in Oracles receivables. Invoices can also be created and imported from other modules, for example, through order management, projects, service contracts, and other Oracle and non-Oracle systems.

  2. 2. The invoices are reviewed and adjusted if necessary by the Customer Service Manager. They are completed and sent to the Customer.

  3. 3. The Customer pays the invoice.

  4. 4. The Customer Service Administrator enters the receipt in receivables.

Let's start by looking at how to create an invoice.