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Liability account setups in payables

Posted: Wed Mar 04, 2009 5:40 am
by vannadi
Hi All,
Could anyone clarify on the setups of the liability account of the basic accounting in payables defined?
Thanks,
Venkat

Posted: Wed Mar 04, 2009 6:41 am
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

Posted: Wed Mar 04, 2009 6:51 am
by vannadi
Thank you