Oracle Apps Financial

1) All necessary accounting information.

2) Invoice Tolerances

3) Supplier, Sites dateils

4) Internal bank and supplier bank inacse they maintain

5) Payment terms

6) Any reports

7) Currency,

8) Calander type

9) Payment Accounting

10)Invoice approval

11)Tax and code

12)WHT tax information , if they are going to use

13)Payment format

There is a discount taken and lost report which can tell us

about this. This report can be submitted from the SRS window.

For any Invoice which goes on Hold can be viewed from

Invoice Header report under Holds Tab along with the reason

for hold.

There are 2 types of Holds.

1) Manual Hold

2) Sysytem Hold

Manual hold can be applied on any invoice as per the

requirment and same can be released manually.

System holds can be only addressed be resolving th cause of

the error.

Payment on receipt enables u to automatically create

std,unapproved invoices for payment of goods based on

receipt transaction.Invoices r created using a combination

of receipt & PO info,eliminating duplicate manual data

entry and ensuringmaccurateand timely data processig.

Paymrnt on receipt is also known as Evaluated Receipt

Settlemnt(ERS)& Self Billing

The multiorg architecture is meant to allow multiple

companies or subsidiaries to store their records within a

single database. The multiple Organization architecture

allows this by partitioning data through views in the APPS

schema. Multiorg also allows you to maintain multiple sets

of books. Implementation of multiorg generally includes

defining more than one Business Group.

Basically the different entities in multi-org are:

• Business Group (BG)

• Sets of Books (SOB)

• Legal entities (LE)

• Operating units (OU)

• Inventory organizations (IO)

Depreciation means spread the cost of an asset over the

span of several years.

If you buy a machiner for 1 crore in April-10,you can not

treat it as expense for the month of April-10 since this

machinery is going to be used for next 10 years.

To match revenue and cost,1 crore will be divided across 10

years.

Its called depreciation

It is depends on companies planned but the basic rule is

1. Receiving/Creating Functional Requirements

2. Developing

3. Testing and Validation (includes meeting with business

users)

4. Production

These are the setup's u need to do for Automatic

withholding tax.

1)define tax authority supplier

2)define special calender

3)define withholding tax code

4)enable the option called "use with holding tax" in

payables options.

5) assign the tax code to supplier site --> here the tax

code will be

assigned to the normal supplier in withholding tax tab.

1)Whenever we buy item there is no journal Entry.

2)When we Receive Material into inventory Org

Material Value A/C ---- Dr

Inventory AP Accrual A/C --- Cr

3)When we are going for payment

Charge A/c --- Dr

Liability A/c --- Cr

Liability A/c --- Dr

Cash Clearing A/c --- Cr

4)In Cash Management

Cash Clearing A/c --- Dr

Cash A/c --- Cr

5)When we Making Sale

Cost of Goods A/c --- Dr

Material A/c --- Cr

HR:SECURITY PROFILE->restricts data in HR according to Business Group or whatever the criteria we mentioned in the security profile.

HR:User Type-> to complete the org setup,purchasing,payables and recievables responsibilties need it.

MO:SECURITY PROFILE->it restricts the access to certain operating units.not necessary for gl and inventory resposibilities and for HR it is optional.

MO:OPERATING UNIT->which operating unit a particular responsibilty corresponds to.

GL SET OF BOOKS NAME->each responsibilty identified with thisprofile.can see only the accounting information.

In r12 orale introduced new concept called multi org access

control. In multi org access control we can logon in

multiple operating units from single responsbility. And

also in 11i legal entity used for reporting tax but in r12

it is used for reprting purpose and also operating

transactions and also bank information attached to legal

entitiy

There is no retirement possible, because the depreciation

for the same can be posted at the end of the period. That

means you can delete the transaction n number of times in

the same period, but retirement is not possible

GAP analysis in ERP implementation is to identify and

suggest the ways to bridge the gap between 'as is' and 'to

be'. GAP analysis suggests the changes and steps to bring in

these changes, so that ERP benefits are received in full.

Try following method:

Transfer funds from one bank to another by way of Manual

Journal in General Ledger. It is recommended to make such

transfers only by way of Letter of Instruction to bank

instead of preparing a cheque. Retain copy of this transfer

letter duly signed by authorised signatory and attach it to

the printout of Journal Voucher as a proof of funds

transfer.

It is nothig but set of rules or conditions which are going to attch to segment.