Hi Guru's
I am very new to implementation ,in the oracle carrier the implementations is a milestone and big challenge to the consultant
i am now that big challenge basically i was an support comsultant
Please help me on this issue
Baesd on the client data we need to upload the TB in GL and here we need to use the Clearing accounts of AP and AR
what is the purpose of these saccounts and what will be effect of these
Data Migration
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- Location: India
Hello Murthy.
When you move from other system into Oracle APPS you have to load the Trial Balance into Oracle General Ledger. The TB comprises all accounts and balances, including the debts from customers (Accounts Receivable) and the debts to suppliers (Accounts Payables). After loading the TB, you will need also to load the open items into Receivables and Payables. That is where you will need to use Clearing Accounts because the amounts corresponding to open item have already been loded into GL when you uploaded the TB.
Octavio
When you move from other system into Oracle APPS you have to load the Trial Balance into Oracle General Ledger. The TB comprises all accounts and balances, including the debts from customers (Accounts Receivable) and the debts to suppliers (Accounts Payables). After loading the TB, you will need also to load the open items into Receivables and Payables. That is where you will need to use Clearing Accounts because the amounts corresponding to open item have already been loded into GL when you uploaded the TB.
Octavio
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- Joined: Sat Jul 28, 2007 10:21 am
- Location: India
Hello Mr Octavio,
You are trying say here, the debts are not received ( receivables ) & not paid ( payables) during data migration that are called open items. These open items also get upload into oracle to adjust the customer / supplier balances when you receive receipt / making payment . Till such time these balances ( transactions ) would be kept in clearing accounts.
Is my understanding correct ? Please confirm.
thanks/ Subramaniam
You are trying say here, the debts are not received ( receivables ) & not paid ( payables) during data migration that are called open items. These open items also get upload into oracle to adjust the customer / supplier balances when you receive receipt / making payment . Till such time these balances ( transactions ) would be kept in clearing accounts.
Is my understanding correct ? Please confirm.
thanks/ Subramaniam
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- Posts: 19
- Joined: Sat Mar 14, 2009 8:38 am
- Location: India
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