How to Map

[emcc]

We expect to get delivery of alternative fuels from a company that will pay us for receiving the consignment and not the other way round.

So we stand to receive money for receiving alternative fuel from this new company. We will be consuming this fuel in our operations while for the company that is paying to us, it is dirty and therefore junk and that?s why they are paying us for carrying it.

My question is: How do we take this in Oracle System so that have inventory of the goods as well as be able to show income earned as we stock and consume the fuel.

We are running Oracle E business Suite 11.5.10

[emcc]

Has anyone got any ideas?

[quote]We expect to get delivery of alternative fuels from a company that will pay us for receiving the consignment and not the other way round.

So we stand to receive money for receiving alternative fuel from this new company. We will be consuming this fuel in our operations while for the company that is paying to us, it is dirty and therefore junk and that?s why they are paying us for carrying it.

My question is: How do we take this in Oracle System so that have inventory of the goods as well as be able to show income earned as we stock and consume the fuel.

We are running Oracle E business Suite 11.5.10


<i><div align="right">Originally posted by emcc

[Arshadimrany]

Hi,

Hope You and Your company are doing a great job.

Here is my understanding of flows mapped to your requirements in oracle.

1. Create a supplying company as Customer with same name

2. Create a sales order for services (Moving goods from ur supplier company to your location)
3. AR Invoice will be created for the first transaction. You receive money from the supplier and match with AR Invoice.
4. Money Received will be completely revenue.

5. Expense to revenue

Second part of the transaction is receiving material from the supplier company.

1.Create a account alias-miscellaneous receipt with unit cost and receive the material in your inventory.

2. While receiving the inventory dont select ap accural account as your not going to pay to the supplier for the delivered material. Select a clearing account or a revenue account. Please check the accounting entries, as I have not confirmed.

3. The above transaction will increase ur inventory as well as the revenue.

Hope I mapped the scenario.

Please revert in case of quires

Regards,

Arshad