ORACLE PAYABLES
Concepts of Payables:
Defining Bank accounts (supplier bank a/c and our Internal bank a/c)
Defining Supplier
Defining payment terms and payment formats
Defining Distribution Sets
Raise Individual invoices; batch Invoices, Recurring and Interest Invoices
Payments
Batch payments
Individual payments
Pre-Payments
After all a run report called TRANSFER TO GL
Holds:
Holds are the advanced feature of applications, which restrict the payments of invoices. We have two types of holds. 1. System holds 2.User-Defined Holds
Invoice:
Invoice is a legal document, which we receive from the supplier that consists of amounts owed to the supplier for purchase goods or services.
Types of Invoices:
ª Standard Invoices
ª Expense Invoices
ª Gate Way Invoice or Recurring Invoice
ª Withholding invoices
ª Debit Memo
1. Credit Memo
2. Pre-payment Invoices
3. Quick Match Invoices
4. PO Default Invoices
5. Mixed or Miscellaneous Invoices
Standard Invoices: Issued by the supplier and
Batch Invoice: it is a group of invoices
Gate Way Invoice or Recurring Invoice: a feature that lets you create invoice for an expence that occurs regularly and not usually invoiced. Examples: Rent or lease invoices
Interest invoices: an invoice that oracle payables create to pay interest on post-due invoice
Debit invoices: An invoice we generate to send to a supplier representing a credit amount that the supplier owes to us. A debit invoice can represent a quantity credit or a price reduction.
Credit Invoices: An invoice we receive from a supplier representing a credit amount that the supplier owes to us. A credit invoice can represent a quantity credit or a price reduction.
Pre-payment Invoices: this is the advance payment given against the invoice given by the supplier.