Payables in REL 12

[anu_uma]

Hi All,

As you all aware of the Changes in the GL..............

I would like to put forth some of the changes in Suppliers and Invoices Workbench in the REL 12.

<b><font color="blue">Supplier</font id="blue"></b>


<b>III. TERMS And CONTROL </b> Details
where we have the screens

Accounting
Tax and Reporting
Purchasing
Receiving
Payment Details
Invoice Management.


Invoices Workbench has TABS like

Invoices-->Invoices --> The window is divided in to two half and there are five tabs which are

GENERAL, LINES, HOLDS, VIEW PAYMENTS, SCHEDULE PAYMENTS, VIEW PREPAYMENT APPLICAtions.



<b>PreRequisites for entering invoices - A Supplier with ateleast a Site details.</b>
<b>IN GENERAL TAB</b>

When we enter invoices,- there is a change in the screen we have the Operating Unit in which we can enter the operating unit details..... we can enter the invoices for a multiple operating units - is a mandatory field

There is a column called as Customer ID

The supplier name is changed as <b>Trading Partner</b>.
Other than this, supplier number, supplier site ,invoice date, invoice number, Terms date, Terms(Payment Terms) , Payment Method (New addition column in New Release) are Mandatory columns .

<b>IN THE LINES TAB</b>

Amount and Item are the only mandatory fields in LINES TAB.
We need to enter the ITEM details, amount, PO number,, PO line details defaults and can enter the QTY, UOM, UNIT PRICE, Final Match , Overlay account,ETC.,

There is a Distributions button which takes to the Normal older version screens as like before it has the item type, amount, GL date, Account along with the Status and Accounting Screen

<b>In the HOLD TAB </b> - we check for the invoice holds if any exists

Payments - Can Check the Payment Schedule and Paid details of the Payments

After entering the invoice details - we can validate the invoices.

Create Accounting gets enabled after validating the invoices.....

<b>Create accounting can be done by three options

<font color="blue">1.Draft
2.Final
3.Final Post</font id="blue"></b>