Liability account setups in payables

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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vannadi
Posts: 6
Joined: Wed Mar 04, 2009 4:10 am
Location: India

Liability account setups in payables

Post by vannadi »

Hi All,
Could anyone clarify on the setups of the liability account of the basic accounting in payables defined?
Thanks,
Venkat
oteixeira
Posts: 451
Joined: Wed Aug 27, 2008 12:34 pm
Location: Portugal

Post by oteixeira »

Hello.

Until APPS R11i, the Liability Account is defined in Setup/Option/Financials - Accounting. This field is required.
If you want to use different Liabilly Accounts for your suppliers you have to enter it in the supplier's sites, Accounting Area. This will override the Liability Account defined in the Financials Options.

Octavio
vannadi
Posts: 6
Joined: Wed Mar 04, 2009 4:10 am
Location: India

Post by vannadi »

Thank you
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