Page 1 of 1

How to create suspense account in Oracle apps

Posted: Fri May 25, 2012 4:15 am
by appuser
A suspense account is an account in the general ledger in which amounts are temporarily recorded. The suspense account is used because the proper account could not be determined at the time that the transaction was recorded.
When the proper account is determined, the amount will be moved from the suspense account to the proper account.

How to handle this process in Oracle apps.Can any body share practical configuration steps about this.

Regards,

KVN PavanKumar

Posted: Sat May 26, 2012 7:23 am
by stalinvstalin@gmail.com
In Oracle while defing set of books we have option for giving suspence account where

The difference between Dr and Cr will go to this account.

A part from that i am not aware of suspence account classification

please All provide some inputs as i also require this.

Regards,
Stalin