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Accounting Entries P2P - Expense Item at Period End

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249 views3 pages

Accounting Entries P2P - Expense Item at Period End

A/c Entries

Uploaded by

narendrak1963
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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1015172018 Procure to Pay (P2P) Process & Accounting Entries - Oracle Apps Taggle navigation + “Standard Costing lem Type: Expense * Item Accrual ord End ¥ ‘Accounting - When Payment Cears[No 7 Submit ‘Inventory Item' Accrual @ Purchasing Options Inventory Item cannot be accrued at Period End. It can be accrued ‘At Receipt’ only. Got + Procure to Pay (P2P) Accounting + Additional Fields PO Receipt No Accounting Entry PO Deliver No Accounting Entry AP Invoice When matched with PO/Receipt DRICR Account Description Item Type Journal Source DEBIT Expense/PO Charge A’e Expense Payables CREDIT AP Liability Ale Not Relevant Payables AP Payment DRICR Account Description Item Type Journal Source DEBIT Cash/Bank Alc Not Relevant Payables CREDIT AP Liability Ale Not Relevant Payables AP Payment Reconciliation No Accounting Entry PO Receipt Accruals - Period End For Uninvoiced Receipts DRICR Account Description Mem Type Journal Source DEBIT Expense/ PO @iigiatuie Expense Cash Management CREDIT Expense AP Accrual A/c Expense Payables Sai Deep Chand G © AAs soon as the next period is opened, Purchasing reverses the above accrual entry hp nwww.oracte12-accounting appspot com/p2p_accounting’? 19 10151/2018 Procure to Pay (P2P) Process & Accounting Entries - Oracle Apps AP Liability Accout Derivation [AP Liability is derived fom S = el Seemee (et) (aoe) oe Deets ae Peete See ea Bou soma a oo a cetnaom Set ee Loe pane a= Pare eee Bere Raqueton ingart Coup y une Type ond a eee as =o . ees a mes ea ae aaa aes foam a a eee es 3 ae ee SSE ~ a ee ok Item Type @ Master Item Expense tems Inventory Asset Items Inventory Items Inventory Asset Flag. N y N Inventory Item Flag N y y Costing Enabled Flg - y : | cose Period End Accrual @ Purchasing Options hitpahwww.oracle-12-accounting.apospol.com/o2p_accounting!? 20 0151/2018 Procure to Pay (P2P) Process & Accounting Entries - Oracle Apps em ome Ct reece) [8] ic Ts hc 0} (ers ee) (ese les at log ern cae aya Po ae ‘a en pnt es rte ens spre irae Sisanccngey eS) SS Siem tee) (a) seamen ee es el oma ts sae (9} [a Sees e | Close a Payment Accounting - When Payment Clears @ Payables Options ‘Accourting Option Payment Accounting Account for Payront @wnen Payments lesued Aceourt er Gaines hen Payments lesved Bile Payablo Account Sourco ' From Paymont Documont From Supelir Sita | Close Automatic Offset Methad —) None © Balancing © Secourt Discount Method | System Account © Brorate Expense © Prosate Tex hp nwwwcoracte12-accounting appspot com/p2p_accounting’? Intere “System Account F Brorate Across imoices Propaymont Account © From Supplier Ste From Purchase Order a

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