Oracle Payables - Step by Step functional in 11i

Table of Contents
1 Document Control 1.1 Revision History and Approval

2 Accounts Payable 2.1 2.2 Overview High Level Process flow diagram

3 Supplier Creation and maintenance 3.1 3.2 Creation of Supplier Merging of supplier

4 Invoice Entry 4.1 4.2 4.3 4.4 4.4.1 4.4.2 4.4.3 4.5 4.5.1 4.5.2 Overview Entering Standard Invoice Entering PO default Invoices Entering Debit and Credit Memo Overview Enter Credit Memo Matching credit memo to invoice/PO Entering prepayment invoices Overview Create Prepayment Invoice

5 Creation of Recurring Invoice 5.1 5.2 Overview Setup Special Calendar

5.3 5.4 5.5 5.5.1 5.5.2 5.5.3 5.5.4

Define recurring invoice template Generate recurring Invoice Invoice validation Canceling a Prepayment invoice Paying a prepayment Applying a Prepayment Un-applying a Prepayment

6 Invoice Validation 6.1 6.2 6.3 7 Holds 8 Payable accounting process 9 Payment 9.1 Overview Introduction Online Validation Submitting payable approval program

10 Manual Payment 10.1 10.2 10.3 Overview Pay an Invoice manually Printing a Payment

11 Batch Payment 11.1 Batch Payment Process

This payment format contains one credit line and multiple credit lines. 11.2 11.3 11.4 11.4.1 11.4.2 Initiating Payment Batches Selecting invoice / Verify Payment Register is correct Modify Payment Adding an invoice to a payment batch Removing an Invoice from Payment Batch

11.4.3 Removing all Invoices for a Particular supplier site from a payment batch 11.4.4 invoice 11.5 11.6 11.7 Changing payment or discount amounts for a selected Formatting Payments Confirm Payment Batch Payment Batch sets

12 Stop Payments 12.1 12.2 12.3 Stopping a Payment Releasing a Stop Payment Voiding a Payment

13 Payables Transfer to General Ledger 14 Open and Close Period 14.1 14.2 14.3 Period control status Open a Period Close Period

Accounts Payable

1.1 Overview
Accounts Payable designed is designed for Supplier creation and maintenance Recording invoices from suppliers Payment to vendors Creation of banks Transfer of accounting information to GL

Oracle Payables is one of the sub-ledgers of General Ledger and provides a means to gather information pertinent to the Payables and tracks the status of payments to the suppliers

1.2 High Level Process flow diagram

Purchasing Accounting of Invoices Pay invoices Reconcile Payments General Ledger Enter invoices Enter supplier

Matching
JE JE
Purchase Orders Receipts

Supplier Creation and maintenance

2.1 Creation of Supplier

In a multi-org environment, the Supplier header record is shared acrossorganizations and you should therefore take the following precautions: Always use Find first before adding a new supplier as it may have already been created by another organization.If the supplier already exists, go straight to the Sites region and set all organization-specific parameters at the Site level. 1. Navigate to Suppliers Entry

2. To enter a new supplier provide supplier name and provide all the information under various tabs

3. Select the Sites button. To update a site, use the PgUp / PgDn buttons to find the required site. Provide the following information against various tabs

1. Fill in the following fields Name of theContent field Site Name Address Site Uses Enter a Name for the site Enter the Address and other details of the site Define what this site is used for - Payment, Purchasing, Procurement Card or RFQ only. The supplier must have a Pay Site to enter invoices, and a Purchasing Site to enter Pos

Region If you have the site phone numbers, specify them in communicatio the appropriate fields ns 2. Select the Contacts region

End user Manual for Account Payable

Optionally add information on site contacts as required.

1.

Select the accounting region

2.

Fill in the following fields, However the values are defaulted from the financial option

Name of the field Content Liability Prepayment Future Payment 3. Modify the entity value if necessary Modify the entity value if necessary datedModify the entity value if necessary

Select the payment region

4.

Select the bank account region

Use this region to record the supplier bank accounts that your suppliers and supplier sites use for electronic payment transactions. Information you enter in this region of the Supplier and Supplier Sites windows will appear in the supplier assignments region of the Bank Account window. Before filling in this region it is necessary to have created the account in the AP Bank Account form.

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End user Manual for Account Payable

1.

Select the invoice tax region

2.

Select the Purchasing region

All the options are derived from the system defaults defined in the purchasing and AP setups

3.

Click on save. The supplier is created

1.1 Merging of supplier

Any supplier who are duplicate or not required to be maintained or requires merging with any other supplier can be done using merge function available in Oracle. Merging suppliers is an irreversible action. Merger once done can not be reversed. Name of the field Invoices Content Choose which all the invoices you want to merge Paid Unpaid None Name and site Name and site Provide the name of the supplier and site requires transfer Provide the name of the supplier and site to which the merge needs to be done

Merger

Run the merge to execute the merge program

Invoice Entry

2.1 Overview
Every transaction that needs to be paid would be recorded as invoice. This is required even for advance payment, petty payment etc. Payable gives the option to enter invoices in single or in batches. In batches the value such as payment terms, currency, GL date can be given that will default to individual invoices to make data entry faster. The following are various type of invoices used to record transactions Standard. A trade invoice you receive from a supplier. PO Default. A trade invoice you want to automatically match to a specified purchase order and then manually match to the individual shipments on the purchase order. Credit Memo. A negative amount invoice you receive from a supplier representing a credit for goods or services purchased. Debit Memo. A negative amount invoice you send to notify a supplier of a credit you recorded for goods or services purchased. Prepayment. An advance payment you make to a supplier or employee Expense Report. An invoice you enter to record business-related employee expenses Page 4 of 4 End user Manual for Account Payable

1.1 Entering Standard Invoice

These invoices are entered in payables not matched against purchase orders.

1.

Navigate to Invoices Entry Invoices

The following window will open:

2. Fill in the following fields

Name of the filed Voucher Type Automatically defined by Oracle Choose Standard

Content

Supplier orEnter the Supplier or Supplier Number Supplier Number Site Invoice Date Enter the Supplier Site to which you will send payment of the invoice. AP will print the address for this site on the payment. Enter the Invoice Date or accept the Payables default (today's date) bychoosing If you enter a date in a future period. AP will put the invoice on Future Period hold during Approval Enter the Invoice Number from the invoice your supplier sent you or accept the Payables default (today's date) by choosing [Tab]. AP will not allow you to enter duplicate invoice numbers for the same supplier. Enter the full Invoice Amount including tax Enter the Description of your invoice. This will appear your paymentdocument and may appear in your general ledger. Enter the GL Date taxNot applicable on

Invoice Number

Invoice Amount Description G L Date Withholding group

3. AP automatically schedules payment of the invoice using the Invoice Amount, Payment Terms, and Terms Date. Enter or review the defaults for these fields by Clicking on Payments 4. Enter distributions manually or automatically by entering a Distribution Set,

Entering Distribution Manually

1. Create a Line 2. Fill in the following field Name of the filed Type Amount Account Tax code Content Choose a Distribution Type Choose Item for goods or services you ordered. Choose Miscellaneous for other expenses on an invoice that are not tax. Enter the line amount (Tax not included) Enter the GL Account Not applicable to Tooran

Track as an asset This check box will be enabled if the distribution line needs to be transferred to fixed assets GL Date The distribution GL Date defaults from the invoice GL Date you entered. This can be overridden

3. Enter a separate line to show freight separately

4. Attach 5. Click on (save)

1.2 Entering PO default Invoices

These are invoices matched against purchase orders raised from oracle purchasing 1. Enter the PO Default type. A form appears: enter the PO Number, then AP automatically defaults the Supplier, Supplier Number, Site, and Currency. Page 4 of 4 End user Manual for Account Payable

1. Enter all basic invoice information (see: Entering Basic Invoices), but do not manually enter the distributions.

2. Select the appropriate withholding tax group in the tax field 3. Choose the Match button. The following window will open:

4. The order number is already specified. Optionally change the invoice payment term.

5. For each shipment you want to match, select the shipment by clicking the Match check box and enter the invoiced quantity. When you enter one field, Payables automatically calculates the remaining field (Quantity Invoiced x Unit Price = Match Amount). It can be changed.

If you want further details to match, you can match to purchase orderdistributions by choosing the Distribute button. For each purchase order distribution you want to match to, select the purchase order distributions and enter either the Quantity Invoiced or Match Amount. 6. Choose Match to save your match Page 3 of 3 End user Manual for Account Payable

1. Review the invoice distributions AP created by choosing the Distribution button from either the Invoices Summary or Invoices detail window. The following window with matched distribution line(s) will open:

Final matching a Purchase order When you are entering a purchase order matched invoice or a credit/debit memo, you can check Final Match in the Match to PO or Match to Invoice Distribution window to have AP permanently close the purchase order during invoice Approval. When you approve a final-

matched invoice, Approval permanently closes the matched purchase order. You cannot reopen a permanently-closed purchase order or perform any further matching to the purchase order.

Attention: Check Final Match only if you are certain this is a final match against therelated purchase order and you want Approval to permanently close the purchase order.

1.1 Entering Debit and Credit Memo

1.1.1 Overview In oracle Credit and debit memos are used when you receive credit for items you returned to a supplier. Credit/debit memos are netted with basic invoices at payment time.The difference between credit and debit memos is: Credit Memo - Negative amount invoice created by a supplier and sent to youto

notify you of a credit. Debit Memo - Negative amount invoice created by you and sent to a supplierto

notify the supplier of a credit you are recording. 1.1.2 Enter Credit Memo In the Invoices Summary form enter the Credit Memo Invoice Type. Enter anegative invoice amount and all basic invoice information as in standard Invoices.

1. Enter the distribution automatically in one of the following ways: 2. Click on save Page 3 of 3 End user Manual for Account Payable Manually Or by matching to the original invoice you entered

1.1.1 Matching credit memo to invoice/PO

1.1.1.1 MATCHING OPTIONS WHEN THE ORIGINAL INVOICE IS NOT PURCHASE ORDER MATCHED

In this case you can choose one of the following:

Match to an invoice: Payables prorate your credit amount based on

theinvoice distribution amounts of the original invoice. Payable automatically creates invoice distributions for the credit memo based on the distributions ofthe original invoice. Match to specific invoice distributions: You can allocate the credit amount

to specific invoice distributions of the original invoice. Payables automaticallycreate invoice distributions for the credit memo based on the original invoicedistribution that you select. For example, you may order three chairs for threedifferent departments and return one. You can match a credit invoice to theoriginal distribution for that department to ensure that the credit matches thecharge. Follow the steps below 1. Enter a Credit Memo type invoice. 2. Enter a negative invoice amount and all basic invoice information but do not manually enter the distributions 3. At the pop-up list to the right of the Match button, choose Invoice, and then choose the Match button.

4. In the Find Invoices to match window, query the invoices you want to match and choose Find. If the credit memo pertains to an invoice matched to a certain purchase order, query by purchase order number to see all invoices matched to that purchase order. AP navigates to the Match to Invoice window. 5. Optionally choose the Invoice Overview button to review more information about an invoice. 6. Create invoice distributions by matching to one or more invoices. If you are matching to a nonpurchase order matched (basic) invoice, select the invoice and enter a Credit Amount.

7. If you want to match in further detail, continue the match at the invoice distribution level: Match check box of the invoice you want to match and enter the Credit Amount. Then choose the Distribute button.

8. For each invoice distribution you want to match to, select the distribution and enter a Credit Amount. 9. Choose the Match button to create invoice distributions for the credit memo based on the matches you made. 10. To review the new invoice distributions, choose the Distributions button from the Invoices

Summary.

1.1.1.2 MATCHING OPTIONS WHEN THE ORIGINAL INVOICE IS PURCHASE ORDER MATCHED

In this case you can choose one of the following:

Match to specific invoice distributions: You can allocate the credit

amount to specific invoice distributions of the original invoice. Payables automatically create invoice distributions for the credit memo based on the original invoice distributions that you select. Match to purchase order receipts : Payables prorates, based on the

quantity billed, your credit amount across all purchase order distributions associated with the purchase order receipt to which you match the credit memo. Payables automatically create invoice distributions for the credit memo based on the purchase order distributions associated with the purchase order receipt you match to. Follow the steps below to create a credit memo to match against PO 1. Enter a Credit Memo type invoice.

2. Enter a negative invoice amount and all basic invoice information but do not manually enter the distributions.

3. At the pop-up list to the right of the Match button, choose Purchase Order or Receipt, and then choose the Match button.

4. In the Find screen, enter the search criteria to find the purchase order

5. Click on the Find button:

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1. For each line you want to match to, select the line by checking the Match checkbox and enter either a Quantity Invoiced or Match Amount. AP automatically calculates the remaining field (Quantity Invoiced x Unit Price = Match Amount). You can optionally change the Unit Price, which defaults from the purchase order.

2. Validate the related Invoices when entering Credit Memos Search for the credit memo In the Invoices Summary choose the Actions button. Check Approve RelatedInvoices, and choose OK to have Payables automatically initiate Approval for any invoices associated with a credit memo.

1.1 Entering prepayment invoices

1.1.1 Overview A prepayment is a type of invoice you enter to pay an advance payment to a supplier or an employee. Create a prepayment in much the same way as you create a regular invoice. Review the Prepayment Status report to review unapplied payments or unpaid or partially paid invoices for suppliers/employees. 1.1.2 Create Prepayment Invoice 1. Choose the following path: Invoices Entry Invoice Batches. Cllick on the button Invoices

2.

Select the prepayment as invoice type

3. Enter all the other field as you do for a standard invoice, expect for the following special field

Name of the field Prepayment Type

Content Select Temporary or Permanent as the Prepayment Type. Specify the Prepayment Type as Temporary if you want to apply the prepayment to an invoice or the advance to an employee expense report. You specify the Prepayment Type as permanent if you do not want to apply the prepayment to an invoice. Accept the Default or change. Payables use the Settlement Date to prevent you from applying a temporary prepayment to an invoice until on or after the Settlement Date of the prepayment.

Settlement Date

You can establish a Purchase Order association for your prepayment when you enter the prepayment. If you associate a prepayment with a purchase order, Payables allows you to apply the prepayment only to the invoices matched to the associated purchase order. If you are using multiple currencies, you can enter a prepayment in anycurrency you have defined. You can only apply a prepayment to an invoice inthe same currency as the invoice. 4. Click on Distribution. AP creates a prepayment distribution line automatically when you enter a prepayment.Oracle Payables debits the Prepayment Accounting Flex -field from the suppliersite, but you should fill the Amount field. If you enter a tax name on a prepayment, Payables also creates a tax distribution line End user Manual for Account Payable

1. After completing the invoice form, click on the action button to validate the prepayment.

Creation of Recurring Invoice

1.1 Overview
These are invoices predefined and run for recurring expenses such as Telephone expenses, Office cleaning, Electricity and water payments. Creation of recurring invoice process describes below

1.2 Setup Special Calendar

For recurring payments made of a fixed amount at regular intervals, the AP Administrator would define a Special Calendar of the type Recurring Invoice in the Special Calendar window. A full distribution set would also need to be defined for the relevant expense account in the Distribution Sets window

1. Choose the following path Setup Calendar Special Calendar The following screen will display

2. Fill in the following field Sl 1 1 2 Field Type Description Click on Recurring Invoice Enter any logical name for the recurring calendar Enter the number of periods in this calendar. For e.g. to use it or payments recurring monthly, enter 12, to use it for payments recurring quarterly, enter 4. Enter any logical description for this calendar Enter a period name. For example, Jan, Feb, Mar, etc., or Q1, Q2, Q3, Q4. Enter in the Year field the calendar year in which a period occurs

Type of Calendar Required Calendar Name Required

Periods per year Required

3 5 6

Description Period Year

Optional Required Required

Sequence

Required

Enter numbers in the Sequence fields to indicate the order in which the periods occur. The sequence numbers of a period should represent the sequence of the period in a regular calendar. E.g. May - December 1995 should be sequenced 5-12, and January 1996 should be sequenced 1. Enter the Start Date for this period Enter the End Date for this period The System Name will automatically default by taking the combination of Period name and the last two digits of a year.

8 9 10

Start Date End Date System Name

Required Required Required, Defaults

3. Save the Recurring calendar

1.3 Define recurring invoice template

1. Choose the following path: Invoice Entry Recurring Invoice The following screen will display

2.

Fill the following fields Type Description

Sl No Field 1

Supplier Name Required, LOV Enter the Supplier name for which you want to create the recurring invoice. Supplier Number Required, Defaults Supplier Site The Supplier Number will default

2 3

Required, LOV Enter the Supplier Site for which you want to create the recurring invoice. (Choose the site relevant to the entity, identifiable by the prefixes) PayRequired, Defaults The Pay Group will default from the supplier site setup. Accept the default.

4 5 6

Supplier Group

Calendar Name Required, LOV Select the appropriate special calendar. Periods Required Enter the number of periods for which you want to pay this vendor. You will get a message if the numbers of periods you enter are more than the periods defined for the calendar you have chosen. Enter the first period name for which you want to pay this vendor.

First

Required

Next

Display Only

The next period name will default depending upon the first period name entered. Once the invoices are generated, this will be updated to the next period for which the invoice should be created. The remaining periods for which the invoices remain to be created will default. Enter any identifiable number; this with a suffix of the period name will be assigned to the invoice created as the invoice number. Enter any logical description for this invoice The functional currency defaults, unless the supplier site invoice currency is different. Accept the default. This defaults from the supplier site setup. Accept default. GL Date for the liability will be assigned in any of these ways: 1) If you enter a GL Date, it will default to every invoice you create from this template and will be the date the liability will take effect in GL. 2) If you leave it blank, and create the invoice in period where system period and special calendar period are the same, the beginning date of the recurring invoice's period defaults. 3) If you leave it blank, and create the invoice in period where system period and special calendar period are not the same (in sense of the period in which the system date falls), the system date on which you create the invoice defaults. Generally you will follow the second case.

9 10

Remaining Number

Display Only Required

11 12 13 14

Description Currency

Optional Required, Defaults

Liability Account Required, Defaults GL Date Optional

15 16 17

Payment Method Required, Defaults Payment Terms Required, Defaults

This defaults from the supplier site Setup. Accept default. This defaults from the supplier site Setup. Accept default or change if required.

Distribution Set Required, LOV Choose a distribution set for the accounts to be debited. Only a full type distribution set is allowed for recurring invoices.

3.

Click on the Amount tab Page 6 of 6 End user Manual for Account Payable

1.

Enter the following field Type Required Description Enter the amount to be paid periodically.

Sl No Field 1 2 3 4 First Amount Next Amount

Display Only The next amount shall default from the first amount.

No of RecurringDisplay Only The number of recurring invoices shall default from the Invoices periods entered in the main form. Control Total Defaults The control total defaults at first by multiplying the first amount with the number of periods. If at any point after generating an invoice, you change the control total, the system pro-rates the differential amount across the

remaining number of periods for which the invoices are yet to be created (the change is seen in the next amount field) 5 6 Released Total Amounts Remaining Defaults Defaults The release amount will default depending upon the amount paid against this invoice template periodically. The Amount remaining will default depending upon the amount paid against this invoice template periodically.

1.1 Generate recurring Invoice

Vendor submits bills for the recurring expense incurred, if required. Designated authority would approve on the bill (the physical hard copy), if any, which would then be submitted to the accounts department. Against it, you would generate in Payables. If no bill has to be submitted, generate the recurring invoice at periodic intervals defined in the recurring invoice calendar, in the Recurring Invoices window. 1. Choose the following path:

Invoice Entry Recurring Invoice In this screen, query, on any criterion you know, the recurring invoice template from which you want to create an invoice. Once it is found, click on the button Generate Recurring Invoices on the Recurring Invoice Template. The following form will open up:

2. Fields have the following impact in recurring invoice

Sl No 1 2

Field Invoice Number GL Date

Type

Description

Display Only This is the number suffixed with the special calendar period name and will be the number given to the invoice. Required, Defaults This is the date on which the account debited will take effect in GL, it defaults as the first date of the special calendar period for which you are creating the recurring invoice, and you can change it if required.

3 4

Amount

Display Only This defaults from the amount assigned to the period.

Exchange Conditionally For foreign currency invoices, choose User type Rate Type Required, LOV Rate Conditionally For foreign currency invoices, enter the exchange rate. Required

3.

After reviewing the displayed information click OK

1.2 Invoice validation

For more details please refer Prepayment 1.2.1 Canceling a Prepayment invoice If the prepayment status is Unapproved or Unpaid, you can cancel the prepayment. If you choose to cancel a prepayment in Unapproved or Unpaid status, the status isupdated to Cancelled and Payables automatically reduces the prepayment amount to zero. You cannot apply a cancelled prepayment to an invoice or expense report. 1.2.2 Paying a prepayment You must fully pay a prepayment before you can apply the prepayment to an invoice. Once the prepayment has been paid you can re-query the Invoices form to see the updatedAmount Paid field and the updated Status field. When you pay the prepayment the status is updated to Available. The prepayment is now available to be applied to invoice(s). 1. Click on the actions button to pay the prepayment 2. 3. Check the pay in full box Click on OK

1.2.3 Applying a Prepayment 1. Choose the following path

Invoices Entry Invoice Batches. 2. Click on Invoice button

As you enter an invoice for a supplier with outstanding prepayments, AP notifies you of the existence of any prepayments with the message: Prepayments exist for thissupplier. AP lets you know if the prepayment is available to apply for an invoice or if an advance is available to apply to an employee expense report.

3. Apply the prepayment by entering or selecting one or more invoices that you want to apply the prepayment to. 4. Complete the entry of the invoice to which the prepayment(s) will be applied, approve the invoice(s) and/or select the completed approved invoice(s).

5. Click on Actions

6. Check Apply/ Unapply Prepayments. 7. Click on OK. The Apply/ Unapply Prepayments form allows you to apply, approve, and printprepayments as well as unapply existing prepayments

On the form, check the prepayment line(s) to be applied and enter the amount you wish to apply. As you apply a prepayment, AP reduces the amount of theprepayment by the amount applied. AP creates prepayment reversal lines on the prepayment as you apply it. Once you fully apply a prepayment, its amount is $0, and its Status is Fully Applied. 1.2.4 Un-applying a Prepayment Un-apply prepayments on the Apply/Un-apply Prepayments form by checking the checkbox next to any Existing Prepayments that you wish to UN-apply and commit the transaction. Page 6 of 6 End user Manual for Account Payable

Invoice Validation

1.1 Introduction
Every invoice entered as above needs to be validated for account creation and for making payment. The validation validates the matching, tax, period status, exchange rate, and distribution information for invoices you enter and automatically applies holds to exceptioninvoices Validation is done in one of the following ways . Online by using the validation button in the Invoice action button Batch by submitting the Payables Approval program from the Submit Requests

window.

1.2 Online Validation

Navigate to Invoices Entry Invoice Batches Invoices

In the Invoices window, find the invoice(s) for which you want to submit Approval. To select individual invoices, hold down the Ctrl key and mouse click on each line; note that the number shown on the Actions button represents the number of lines chosen.

Click on Action button Select approve

If you are approving a credit or debit memo, select Approve Related Invoices to submit online Approval for invoices associated with the credit or debit memo. Choose OK

AP displays messages about the number of holds applied and released during this cycle of Approval.

1.3 Submitting payable approval program

The validation under this method can be done for batch of invoices. You can identify all invoices that Payables has not yet reviewed with Approval by submitting the Invoice Register for Unapproved Invoices Only. You can check the Approval status of an invoice online in the Invoices window, or the Invoices Batches window Navigate to Request other Run. Choose program Payable approval and submit

Holds

Holds are restriction placed on invoices so that these invoices can not be accounted and prevented from payment Holds are of two types

Manual holds System holds

A) Manual Holds There are three types of holds you can use to prevent payment of an invoice. The hold can not be applied if the invoices are already selected for payment .These holds can be released manually. The following are the type of the manual holds Invoice Hold. You can manually apply one or more Invoice Hold Names ("holds") to an invoice using the Invoice Holds window of the Invoice Workbench. Scheduled Payment Hold. You can hold payment on part of an invoice by placing one or more of the scheduled payments on hold in the Scheduled Payments window of the Invoice Workbench. Supplier Hold. In the Supplier Sites window, you can enable the Hold All Payments, Hold Unvalidated Invoices, or Hold Unmatched Invoices options. You also have the option of specifying an Invoice Amount Limit for a supplier site. B) Manual Holds. These holds are created by system during invoice validation when ever an exception is encountered by the system. These can be released only when the exception is corrected.You must fix the problem that caused Invoice Validation to place the hold on the invoice then resubmit Invoice Validation to release the holds. You cannot release the following holds: The examples of some of the holds are as below. Dist Variance. Invoice amount does not equal the sum of the invoice distribution amounts. No Rate. Foreign currency invoice does not have an exchange rate assigned to it. Can't Funds Check. Budget does not exist for the invoice accounting period, or the invoice distribution account does not equal the purchase order distribution account. This hold is used by Payables only if you use encumbrance accounting and the absolute or advisory method of budgetary control. Final Matching. Invoice has one or more distributions final matched to a purchase order. Can't Try PO Close. Invoice is final matched to purchase order, but Invoice Validation

placed one or more holds on invoice during validation.

Dist Acct Invalid. Invoice distribution has an invalid account. An invalid account prevents ERV Acct Invalid. Invoice Validation created an invalid Exchange Rate Variance account No AWT Period. Invoice Validation did not find the period in the withholding tax

you from creating accounting entries for an invoice or payment. for an invoice distribution. Payables only apply this hold if you enable Automatic Offsets. special calendar. Create the period in the special calendar and resubmit Invoice Validation.

Payable accounting process

The accounting process enables to view the new accounting entries in the payables . This c an be created in two ways By choosing the create accounting process button in invoice and payment window By running a program

Perform the following steps to run the program 1. Navigate to Other Request Run 2. Choose the program Payable accounting process 3. Provide the following parameters and submit Name of the field From date to date Content Provide the accounting event dates for which you want to transfer accounting entries These dates are not required to run the accounting process. If you do not specify dates, then the program will account for all of your unaccounted transactions. Invoices Includes the following accounting events: invoice entry invoice adjustment invoice cancellation prepayment application prepayment unapplication

Document class

Payments. Includes the following accounting events: payment entry (future dated) payment maturity payment adjustment payment cancellation payment clearing payment unclearing All. Create accounting entries for all eligible unaccounted invoice and payment events Submit transfer to GL Yes No Submit journal import Yes No Validate accounts Yes No Summarize report Yes No Run accounting report Yes. No.

Payment

4.1 Overview

Oracle Payables - Step by Step functional in 11i PART 2

Sunday, 14 February 2010 08:33 Anonymous Contributor E-mail | Print | PDF The following are various methods used to make payment to suppliers Manual : check: this is the check manually written or typed. This will be used occasionally, when the check printing as above can not be done. Quick : You can use this process to create single computer generated payments, rather than an entire payment batch, to speed up the process of generating a single payment for a vendors invoice Batch : These are payment selected and checks are printed in batch for more than one supplier on the basis of prescribed criteria Page 8 of 8 End user Manual for Account Payable

Manual Payment

1.1 Overview
Manual checks and prepayments check to employees and supplier basis if the payment is released immediately.

1.2 Pay an Invoice manually

1. Choose the following path: Payments Entry Payments The following window will open

2.

Fill in the following field Name of the filed Content Comments

Type

Choose Manual

Bank Account Select the Bank Account Document Name Select the Document Name AP will allow you to select only Computer Generated orCombined Payment Documents associated with the selected Bank Account AP will reserve the document Name at this point

Document Number

Click on OK

Payment Date Enter the payment date or type [Tab] to accept the default date of today Payment Amount You can either enter the amount or leave it empty so that AP will calculate it with the invoices you will choose in the next step

Supplier NameEnter the Supplier name or Supplier Number Supplier site Enter the Supplier site or press Tab to accept default data

3.

Click on Enter / Adjust Invoice to choose the invoice to pay The following window will open

4. 5.

Select the invoices you want to pay (Payables will only allow to select invoices which have a Check payment type associated with them, and which have the same currency as the payment document) Save your work, and return to the Payments window. Payables automatically enter the payment amount.

1.3 Printing a Payment

1. Click on the action, the following window will open

2. k the boxes Format, Print Now and Print Remittance advice.Click OK.

Chec

Batch Payment

2.1 Batch Payment Process

This payment format contains one credit line and multiple credit lines. This format requires one debit line for every credit line. Payment batches are used to generate checks for batch of invoices from many vendors. There is a series of steps to follow to print checks with a Payment Batch. Most steps are initiated from the Payment Batch Actions window. The steps are:

Initiate Payment Batch Select Invoices/Verify Payment Register Modify Payments Format Payments Print Checks Confirm Payment Batch

2.2 Initiating Payment Batches

1. Choose the following path Payments Entry Payment Batches, The following window will open

2. Fill in the following field Name of the field Batch Name Content Enter the Payment Batch Name. This name will appear on your reports and will help you locate the batch online. Ex: User Initial / Date year Payment Method Pay group Bank account Verify the Payment Date. Optionally select Pay Group. AP will select invoices with this Pay Group. Optionally change the Bank Account.

Payment Document Select the Payment Document. Pay through Date Payment Limit Verify the Pay Through Date. AP will select invoices with a discount or due date on or before this date. Optionally review or adjust the payment limits.

2.3 Selecting invoice / Verify Payment Register is correct

1. Click on Actions Button.

2.

Select Invoices & Build Payment & Print Preliminary Register. Page 7 of 7 End user Manual for Account Payable

1.

Click on the button OK:

Payables will initiate three concurrent processes, Auto Select, Build Payments and Preliminary Payment Register. The Preliminary Payment Register is printed when the invoices are selected and the payments are built. It should be used to review the payments Payables will create when you format payments for the invoices in a Payment Batch. You should review the Preliminary Payment Register to see which invoices and vendors will be paid, the discounts taken, and the total amount paid to each vendor. Payables group the invoices by vendor site and print the total for each payment for a site.

 Payables prints asterisks and a non-payment reason for the invoicesselected for payment in the payment batch, but that do not meet payment requirements. Payables does not create payments for a vendor site's invoices if the total of the selected invoice(s) exceeds the maximum payment amount or is less than the minimum payment amount that you specified for the payment batch, or the total payment amount for a vendor site is less than or equals zero. 2. Check the Preliminary Payment Register to ensure that all the invoices needing payment are included on the register. You should also check to ensure that no payments will be generated for invoices that should not be paid.

3.

After the concurrent request are finished you need to requery the Payment Batch form, when the Status field changes to Built and the Payments button becomes active you may proceed to the next step.

4.

To requery the form you may use one of the following methods: Select Tools, Refresh Status. Click on the button Refresh (available on the latest Oracle versions).

1.1 Modify Payment

Then after reviewing the Preliminary Register you can modify the Payment Batch by: Changing the payment amount of an invoice Preventing payment to a supplier Preventing payment of a particular invoice Adding an invoice that Payables did not select.

In order to modify a Payment Batch the status must be built. (i.e. The Payment Batch must be initiated but cannot have formatted payments) 1. Choose the following path: Payments Entry Payment Batches 2. 3. Choose View, Find (or F11) Select the appropriate Payment Batch.

4.

Click on Payments Button. You can navigate between the various suppliers selected to be paid, by clicking the PgUp/Pg Dn keys while the cursor is in the Supplier field.

1.1.1 Adding an invoice to a payment batch Clear the form and then enter the Supplier name and Site. Select Yes for Pay supplier. AP displays the approved invoices for the supplier site.

Select Yes for Pay invoice for each invoice you want to add to the payment batch. 1.1.2 Removing an Invoice from Payment Batch Query the Supplier name and Site.

AP displays the invoices for the supplier site which were selected for thepayment batch. Select No for Pay invoice to remove it from the Payment Batch.

1.1.3 Removing all Invoices for a Particular supplier site from a payment batch Query the Supplier name and Site. Select a Non-Payment Reason for your records (Optional).

 1.

Select No for Pay supplier. Query the Supplier name and Site. AP displays the invoice(s) for the supplier site, which were selected for the batch. Alter the payment or discount amounts for the invoice.

1.1.4 Changing payment or discount amounts for a selected invoice

Click on Build Button to save your work. AP will initiate the Build Payments concurrent process. Once the Build Payments process is complete you should review your changes by printing a new Preliminary Payment Register To print the Preliminary Payment register:

1.

Choose the following path: Payments Entry Payments.

2.

Choose View, Find.

3.

Select the appropriate Payment Batch.

4.

Click on the button Actions

5.

Deselect Format Payments checkmark.

6.

Select Print Preliminary Payment Register.

7.

Click on the button OK

1.2 Formatting Payments

Once the Preliminary Payment Register has been verified the payments can be formatted for printing. 1. Choose the following path: Payments Entry Payment Batches 2. Choose View, Find.

3.

Select the appropriate Payment Batch.

4.

Click on the button Actions.

5.

Select Format Payments & Print Now.

6.

Click on the Button OK

7.

Select View, requests, Find.

8. .

Select The Format Payments Request.

1.3 Confirm Payment Batch

After the Formatting and Printing are finished you need to requery the Payment Batch form, when the Status field changes to Formatted you may proceed to the next step. Now you need to confirm whether all the checks were printed correctly, or is there any skipped or spoiled stock paper: 1. Click on the button Actions.

2.

Confirm Payment Batch.

3.

Click on the button OK.

In the Confirm Payment Batch window enter the range of Checks: Printed Skipped (Not applicable as Honeywell uses bespoke) Spoiled (Not applicable as Honeywell uses bespoke)

4.

Click on Confirm. AP initiates two concurrent processes, Confirm Payment Batch and Final Payment Register. Now your Payment Batch process is completed

1.4 Payment Batch sets

There is a new R11i functionality that allows the user to initiate more than one payment batches with a single payment batch submission. You set up a payment batch set which groups several payment batches together so you can simultaneously submit the selection, build, or format process for each payment batch in the set. This streamlines the process of submitting multiple payment batches for your bank accounts. This feature also supports the multi currency payment needs. NOTE: For each payment batch set, define a separate payment document in thePayment Documents window. Each payment batch in the set must use a unique payment document.

Stop Payments

2.1 Stopping a Payment

Choose the following path: Payments Entry Payments Select from the menu bar:

View Find, The following window will open

Enter search Criteria Page 8 of 8 End user Manual for Account Payable

Click on save

The following window will open

Select the stop payment for stop payment To select multiple records, hold down the Ctrl key and click on each desired record. To select a range of records, click on the first record of the desired range then hold the Shift key down and click on the last record of the desired range with your mouse to highlight the selected range. To select all records, select Edit from the bar menu and choose Select All.

To deselect all records, choose Edit from the bar menu and choose Deselect Click on Action button

The following window will open

Check Initiate stop to stop payment

Payables will record and display the date and time of the Initiate Stop action. Payables will then ask you if are sure that you want to stop payment on the number of requests you have submitted. Click on OK

The Status field for this payment in the Payments form will change to: Stop Initiated. After stopping a payment you can either release the stop or void it.

1.1 Releasing a Stop Payment

1. Choose the following path: Payments Entry Payments. 2. Select from the menu bar View Find, The following window will open

3.

Enter search criteria

4. Click on Find The following window will open

Page 3 of 3 End user Manual for Account Payable

1.

Select the payment for stop release

2. Click on Action

3.

In the Payment Actions window check the Release Stop checkbox. AP displays and records the date and time of the release stop activity. AP will ask you to confirm the release stop request for the number of requests that you have submitted.

4.

Click on OK Note: There is a Stop Payments Report available to review all stopped payments.

1.1 Voiding a Payment

This can be done either for a Negotiable or a Stopped payment. 1. Choose the following path:

Payments Entry Payments. 2. From the Menu bar, choose the following path: View Find, 3. Enter the search criteria.

4.

Click on Find. The following window will open:

5.

Select the payments

6.

Click on Actions The following window will open

7.

In the Payment action window check the void check box. Payable allows you to update the following fields Name of the field Void date G L date Content The date on which you want Payables to record the void transaction The transaction date you want the general ledger to record when posting the void payment entries

Invoice Action The action you want AP to take on the invoices paid by that void payment. You can choose to place the invoices on hold, cancel the invoices, or do nothing with the invoices. AP ask you to confirm the cancellation 8. Click on to continue

You can not reverse the void on a void payment . Remember to have the payment you want to void in your possession or have proof that it has been destroyed before you record it as void. There is a Void Payments Register available to review voided payments.

Payables Transfer to General Ledger

This program is run to transfers all accounting entries from payable to GL. This data is then posted to General ledger Navigate to Other Request Run Choose the program Payable Transfer to General ledger Provide the following parameters and submit Content The set of books for which you want to transfer accounting information

Name of the field Set of Books Name Transfer Book(s) Batch name From date to date Journal Category

ReportingEnter the reporting set of books to which it is also needed to be reported Name used to identify the batch in your general ledger. Journal Import creates a journal entry batch for each set of books and accounting period . Provide the accounting event dates for which you want to transfer accounting entries

Provide the category source Purchase Invoices Payments. Reconciled Payments.. All: all journal categories. I Validate accounts Yes No Transfer to GLSelect the level of detail in which you want to create journal entries Interface In Detail. Do not summarize the entries. Transfer one accounting entry for each accounting entry. Summarize by Accounting Date. Summarize the accounting lines by account and date. Summarize by Accounting Period. Summarize the accounting lines by account and accounting period Submit Journal Import Yes. Submit Journal Import, which will automatically create journal entry batches, headers, and lines from the accounting entries in the GL interface..

No. Submit Journal Import later, through in General Ledger.

Open and Close Period

3.1 Period control status

Status Future Control Payables allow invoice entry and accounting in a Future period. Payables do not allow payment entry or payment voiding in a Future period. You can record transactions and account for them in an Open period. Payables do not allow transaction processing in a Closed period. You can reopen a Closed period if the corresponding general ledger and purchasing periods are also Open. You cannot close a period in which any of the following conditions exist

Open Closed

Outstanding

payment batches. Future dated payments for which the Maturity Date is within the period but that still have a status of Issued.

Unaccounte

d transactions. Accounted transactions that have not been transferred to general ledger Permanently Closed Payables do not allow transaction processing in a Permanently Closed period. You cannot reopen a Permanently Closed period.

3.2 Open a Period

1. Navigate to Accounting Control Payables period

2.

Click on the period status and select open period

3.3 Close Period

1. Navigate to Accounting Control Payable period

2.

Click on the period status and select open period

Oracle Payables - Step by Step functional in 11i - PART 3

Sunday, 14 February 2010 08:43 Anonymous Contributor E-mail | Print | PDF

Manual Payment

4.1 Overview
Manual checks and prepayments check to employees and supplier basis if the payment is released immediately.

4.2 Pay an Invoice manually

1. Choose the following path: Payments Entry Payments Page 8 of 8 End user Manual for Account Payable

The following window will open

1.

Fill in the following field Name of the filed Content Comments

Type

Choose Manual

Bank Account Select the Bank Account Document Name Select the Document Name AP will allow you to select only Computer Generated orCombined Payment Documents associated with the selected Bank Account AP will reserve the document Name at this point

Document Number

Click on OK

Payment Date Enter the payment date or type [Tab] to accept the default date of today Payment Amount You can either enter the amount or leave it empty so that AP will calculate it with the invoices you will choose in the next step

Supplier NameEnter the Supplier name or Supplier Number Supplier site Enter the Supplier site or press Tab to accept default data

2.

Click on Enter / Adjust Invoice to choose the invoice to pay The following window will open

Page 3 of 3 End user Manual for Account Payable

1. 2.

Select the invoices you want to pay (Payables will only allow to select invoices which have a Check payment type associated with them, and which have the same currency as the payment document) Save your work, and return to the Payments window. Payables automatically enter the payment amount.

1.1 Printing a Payment

1. Click on the action, the following window will open

2. k the boxes Format, Print Now and Print Remittance advice.Click OK.

Chec

Batch Payment

2.1 Batch Payment Process

This payment format contains one credit line and multiple credit lines. This format requires one debit line for every credit line. Payment batches are used to generate checks for batch of invoices from many vendors. There is a series of steps to follow to print checks with a Payment Batch. Most steps are initiated from the Payment Batch Actions window. The steps are:

Initiate Payment Batch Select Invoices/Verify Payment Register Modify Payments Format Payments Print Checks Confirm Payment Batch

2.2 Initiating Payment Batches

1. Choose the following path Payments Entry Payment Batches, The following window will open

2. Fill in the following field Name of the field Batch Name Content Enter the Payment Batch Name. This name will appear on your reports and will help you locate the batch online. Ex: User Initial / Date year Payment Method Pay group Bank account Verify the Payment Date. Optionally select Pay Group. AP will select invoices with this Pay Group. Optionally change the Bank Account.

Payment Document Select the Payment Document. Pay through Date Payment Limit Verify the Pay Through Date. AP will select invoices with a discount or due date on or before this date. Optionally review or adjust the payment limits.

2.3 Selecting invoice / Verify Payment Register is correct

1. Click on Actions Button.

2.

Select Invoices & Build Payment & Print Preliminary Register.

3.

Click on the button OK:

Payables will initiate three concurrent processes, Auto Select, Build Payments and Preliminary Payment Register. Page 4 of 4 End user Manual for Account Payable

The Preliminary Payment Register is printed when the invoices are selected and the payments are built. It should be used to review the payments Payables will create when you format payments for the invoices in a Payment Batch.

You should review the Preliminary Payment Register to see which invoices and vendors will be paid, the discounts taken, and the total amount paid to each vendor. Payables group the invoices by vendor site and print the total for each payment for a site. Payables prints asterisks and a non-payment reason for the invoicesselected for payment in the payment batch, but that do not meet payment requirements. Payables does not create payments for a vendor site's invoices if the total of the selected invoice(s) exceeds the maximum payment amount or is less than the minimum payment amount that you specified for the payment batch, or the total payment amount for a vendor site is less than or equals zero. 2. Check the Preliminary Payment Register to ensure that all the invoices needing payment are included on the register. You should also check to ensure that no payments will be generated for invoices that should not be paid.

3.

After the concurrent request are finished you need to requery the Payment Batch form, when the Status field changes to Built and the Payments button becomes active you may proceed to the next step.

4.

To requery the form you may use one of the following methods:

Select Tools, Refresh Status. Click on the button Refresh (available on the latest Oracle versions).

1.1 Modify Payment

Then after reviewing the Preliminary Register you can modify the Payment Batch by: Changing the payment amount of an invoice Preventing payment to a supplier Preventing payment of a particular invoice Adding an invoice that Payables did not select.

In order to modify a Payment Batch the status must be built. (i.e. The Payment Batch must be initiated but cannot have formatted payments) 1. Choose the following path: Payments Entry Payment Batches 2. 3. Choose View, Find (or F11) Select the appropriate Payment Batch.

4.

Click on Payments Button. You can navigate between the various suppliers selected to be paid, by clicking the PgUp/Pg Dn keys while the cursor is in the Supplier field.

1.1.1 Adding an invoice to a payment batch Clear the form and then enter the Supplier name and Site. Select Yes for Pay supplier. AP displays the approved invoices for the supplier site.

Select Yes for Pay invoice for each invoice you want to add to the payment batch. 1.1.2 Removing an Invoice from Payment Batch Query the Supplier name and Site.

AP displays the invoices for the supplier site which were selected for thepayment batch. Select No for Pay invoice to remove it from the Payment Batch.

1.1.3 Removing all Invoices for a Particular supplier site from a payment batch Query the Supplier name and Site.

Select a Non-Payment Reason for your records (Optional). Select No for Pay supplier.

1.1.4 Changing payment or discount amounts for a selected invoice Query the Supplier name and Site. AP displays the invoice(s) for the supplier site, which were selected for the batch. Alter the payment or discount amounts for the invoice.

Oracle Payables - Step by Step functional in 11i - PART 4

Sunday, 14 February 2010 08:59 Anonymous Contributor E-mail | Print | PDF 1. Click on Build Button to save your work. AP will initiate the Build Payments concurrent process. Once the Build Payments process is complete you should review your changes by printing a new Preliminary Payment Register To print the Preliminary Payment register: 1. Choose the following path: Payments Entry Payments. 2. Choose View, Find.

3.

Select the appropriate Payment Batch.

4.

Click on the button Actions

5.

Deselect Format Payments checkmark.

6.

Select Print Preliminary Payment Register.

7.

Click on the button OK

1.2 Formatting Payments

Once the Preliminary Payment Register has been verified the payments can be formatted for printing. 1. Choose the following path: Payments Entry Payment Batches 2. Choose View, Find.

3.

Select the appropriate Payment Batch.

4.

Click on the button Actions.

5.

Select Format Payments & Print Now.

6.

Click on the Button OK

7.

Select View, requests, Find.

8. .

Select The Format Payments Request.

1.3 Confirm Payment Batch

After the Formatting and Printing are finished you need to requery the Payment Batch form, when the Status field changes to Formatted you may proceed to the next step. Now you need to confirm whether all the checks were printed correctly, or is there any skipped or spoiled stock paper: 1. Click on the button Actions.

2.

Confirm Payment Batch.

3.

Click on the button OK.

In the Confirm Payment Batch window enter the range of Checks: Printed Skipped (Not applicable as Honeywell uses bespoke)

Spoiled (Not applicable as Honeywell uses bespoke)

4.

Click on Confirm. AP initiates two concurrent processes, Confirm Payment Batch and Final Payment Register. Now your Payment Batch process is completed

1.4 Payment Batch sets

There is a new R11i functionality that allows the user to initiate more than one payment batches with a single payment batch submission. You set up a payment batch set which groups several payment batches together so you can simultaneously submit the selection, build, or format process for each payment batch in the set. This streamlines the process of submitting multiple payment batches for your bank accounts. This feature also supports the multi currency payment needs. NOTE: For each payment batch set, define a separate payment document in thePayment Documents window. Each payment batch in the set must use a unique payment document.

Stop Payments

2.1 Stopping a Payment

Choose the following path: Payments Entry Payments Select from the menu bar:

View Find, The following window will open

Enter search Criteria Page 8 of 8 End user Manual for Account Payable

Click on save

The following window will open

Select the stop payment for stop payment To select multiple records, hold down the Ctrl key and click on each desired record. To select a range of records, click on the first record of the desired range then hold the Shift key down and click on the last record of the desired range with your mouse to highlight the selected range. To select all records, select Edit from the bar menu and choose Select All.

To deselect all records, choose Edit from the bar menu and choose Deselect Click on Action button

The following window will open

Check Initiate stop to stop payment

Payables will record and display the date and time of the Initiate Stop action. Payables will then ask you if are sure that you want to stop payment on the number of requests you have submitted. Click on OK

The Status field for this payment in the Payments form will change to: Stop Initiated. After stopping a payment you can either release the stop or void it.

1.1 Releasing a Stop Payment

1. Choose the following path: Payments Entry Payments. 2. Select from the menu bar View Find, The following window will open

3.

Enter search criteria

4. Click on Find The following window will open

5. Select the payment for stop release 6. Click on Action

7.

In the Payment Actions window check the Release Stop checkbox. AP displays and records the date and time of the release stop activity. AP will ask you to confirm the release stop request for the number of requests that you have submitted.

8.

Click on OK Note: There is a Stop Payments Report available to review all stopped payments.

1.2 Voiding a Payment

This can be done either for a Negotiable or a Stopped payment. 1. Choose the following path: Payments Entry Payments.

2.

From the Menu bar, choose the following path: View Find,

3.

Enter the search criteria.

4.

Click on Find. The following window will open:

5.

Select the payments

6.

Click on Actions The following window will open

7.

In the Payment action window check the void check box. Payable allows you to update the following fields Name of the field Void date G L date Content The date on which you want Payables to record the void transaction The transaction date you want the general ledger to record when posting the void payment entries

Invoice Action The action you want AP to take on the invoices paid by that void payment. You can choose to place the invoices on hold, cancel the invoices, or do nothing with the invoices. AP ask you to confirm the cancellation 8. Click on to continue

You can not reverse the void on a void payment . Remember to have the payment you want to void in your possession or have proof that it has been destroyed before you record it as void. There is a Void Payments Register available to review voided payments.

Payables Transfer to General Ledger

This program is run to transfers all accounting entries from payable to GL. This data is then posted to General ledger Navigate to Other Request Run Choose the program Payable Transfer to General ledger Provide the following parameters and submit Content The set of books for which you want to transfer accounting information

Name of the field Set of Books Name Transfer Book(s) Batch name From date to date Journal Category

ReportingEnter the reporting set of books to which it is also needed to be reported Name used to identify the batch in your general ledger. Journal Import creates a journal entry batch for each set of books and accounting period . Provide the accounting event dates for which you want to transfer accounting entries

Provide the category source Purchase Invoices Payments. Reconciled Payments.. All: all journal categories. I Validate accounts Yes No Transfer to GLSelect the level of detail in which you want to create journal entries Interface In Detail. Do not summarize the entries. Transfer one accounting entry for each accounting entry. Summarize by Accounting Date. Summarize the accounting lines by account and date. Summarize by Accounting Period. Summarize the accounting lines by account and accounting period Submit Journal Import Yes. Submit Journal Import, which will automatically create journal entry batches, headers, and lines from the accounting entries in

the GL interface.. No. Submit Journal Import later, through in General Ledger.

Open and Close Period

3.1 Period control status

Status Future Control Payables allow invoice entry and accounting in a Future period. Payables do not allow payment entry or payment voiding in a Future period. You can record transactions and account for them in an Open period. Payables do not allow transaction processing in a Closed period. You can reopen a Closed period if the corresponding general ledger and purchasing periods are also Open. You cannot close a period in which any of the following conditions exist

Open Closed

Outstanding

payment batches. Future dated payments for which the Maturity Date is within the period but that still have a status of Issued.

Unaccounte

d transactions. Accounted transactions that have not been transferred to general ledger Permanently Closed Payables do not allow transaction processing in a Permanently Closed period. You cannot reopen a Permanently Closed period.

3.2 Open a Period

1. Navigate to Accounting Control Payables period

2.

Click on the period status and select open period Page 9 of 9 End user Manual for Account Payable

1.1 Close Period

1. Navigate to Accounting Control Payable period

2.

Click on the period status and select open period