p2p cycle

[sreedevi]

p2p a/cing entries for inventory item

[satb4u]

what do u mean by accounting entry for inventory item
Acc Entries r the same for p2p item
what diff does inv make
can u clarify

[ajeeshmb]

Hi Devi

Check out this

1. When goods received.

Material Receiving a/c
AP inventory Accrual a/c

2. After Inspection.

Inventory a/c
Material Receiving a/c.

3 While Invoice matching.

AP inventory Accrual a/c
AP Liability a/c

4 Invoice payment

AP Liability a/c
Cash a/c


Regards

[anusha_rao]

hi
i am here with giving you the p2p cycle
in po module
1)define a supplier
2)generate a po
3)recieve goods
4)import to ap through ers or match it with invoice in ap
5)validate and pay the invoice
6)clear the payments in cashmanagement
7)go to payables ,payments and query the payment and check the status ,it wil be partial and account it
transfer ap to gl
9)then go for reconciliation
regards
rao
senior consultant
chennai

[ramesh040671]

Hi,

One more entry will be created before Last entry

Lia a/c -----Dr

To Cash Clearing account

Cash Clearing a/c ----dr

To Cash account

Beacause we follow accounting method as accrual basis.

Regards,
Ramesh
Oracle Apps FI consultant

[nandu]

Hi Ramesh

If Cash Management is not Implemented then.....


Check out payable options - payment for account

Regards
Nandu