Payables Setup

1- Payment Terms
     Setup > Invoice > Payment Terms


2- Create Bank, Branches and assign banks to the organizations.
     Setup > Payments > Banks & Banks Branches


3- Payment Format
  

    https://dineshnair.wordpress.com/2013/02/22/r12-custom-check-payment-format/

4- Suppliers Creation
     Suppliers > Entry

5- Enter Invoice and Payments.


*7- Payables > Setup > Options > Financial Options







Bank Account: Account Access:

For providing back account access to new operating unit we will have to go to the path below:
Cash Management> Setups> Bank Account >query the internal bank account.
– Update Bank Account > select “Account Access”

6- To transfer the Invoices & Payments journals of the month you have to run the concurrent request as follows:

i) Transfer Journal Entries to GL for Invoices
ii) Transfer Journal Entries to GL for Payments

* After transferring to GL
 Reconcile Payables activity for the period. You will need the following reports:
- Accounts Payable Trial Balance Report (this period and last period).
- Posted Invoice Register.
- Posted Payment Register.

* Review this also:
         http://oracle-ebs-experience.blogspot.com/2012/04/oracle-r12-accounts-payable-setup.html
         http://financialsinoracle.blogspot.com/2009/05/checklist-for-oracle-accounts-payable.html



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