ERPstuff - Oracle EBS Community

Hi ,

Can any one suggest me what are the journal entries that are reflected when we raise the requisition , generate purchase order and do the receiving.

Rgds
Santosh.A

Hi, Santosh

for raising the Requisition or PO there are no entries available or generated in the system,

While receiving receipt the entry is

Inventory Receivable A/c Dr
To AP accrual A/c


When we receive the Goods, the Journal Entry will be

Inventory A/c Dr
To Inventory Receivable A/c

While we approve the invoice and create the accounting entry is

AP Accrual Liability A/c Dr
To AP Liability A/c


Finally when we make payment entry is

AP Liability A/c Dr
To cash/Bank clearance A/c (If CE is there, Other wise Credit goes to Bank A/c)


Regards
Sreedhar.D
Functional Consultant

Thanks Sreedhar. Here is another link may be of any help,

topic.asp?TOPIC_ID=1265

Hi Sridhar,

Thanks for your valuable input .....

Cheers
Santosh.A