New Implementation R12

[fayyaz.tak]

Hi to all
In new implementation how to enter opening balance for Suppliers
Regards
Fayyaz Tak

[admin]

Upload as open invoices. thanks

[fayyaz.tak]

Mr. Admin you mean to say that upload as creating standard invoices against the suppliers, on which date or a period

[AmanKhan]

In First open GL period of ur Ledger.

[fayyaz.tak]

I have already open july08 period and also one adjusting period for 01-jul-08.
Now how can I make the following entry.

Payment to ABC vendor on 4-Jul-2008 for a liability of March 08.

How can I make an invoice......

[AmanKhan]

enter standard invoice for the expense and then pay in full from using quick payment window.

[fayyaz.tak]

My calendar is started from July 08 how can i enter standard invoice of expense that are occur in MARCH 08

Payment in JULY-08

Regards
Fayyaz Tak

[admin]

Salam,
Say you calendar is from 01-JUL-08 to 30-JUN-09 and you have to upload opening balances so you will have to,

1- Enter/upload closing balances as on 30-JUN-08 in 30-JUN-08 which will be opening balances on 01-JUL-08.
2- Points need to be considered that there will be few invoices which are paid but not fully paid. Like for example invoice of Rs. 1000 and you made payment of Rs. 800 in your legacy (existing application) system. Now you have to take decision from your finance department that do they need to upload full invoice of Rs. 1000 and then pay Rs. 800 in Oracle or just upload Rs. 200.

Hope the confusion is clear now if still do let us know. Thanks

[fayyaz.tak]

Thanks a Lot