Hi,
I was raised one invoice Rs.10 000 but the invoice presently hold in the end of the month like (Feb. 28)
and also period is closed. But they sub Subsequently realized this is eligible for payment.
how i will make the payment to the same invoice?
how to brought down to the same invoice next month? but payment will be paid in following month not in hold month.
Expecting soon reply
how to make the payment in hold invoice!
<font color="blue">HI,
Is the Period Closed for Permanently ?
Before Closing a Period , u Need to
1. Validate all invoices.
2. Confirm or cancel all incomplete payment batches.
3. If you use future dated payments, submit the Update Matured Future Dated Payment Status Program. This will update the status of matured future dated payments to Negotiable so you can account for them.
4. Resolve all unaccounted transactions.
Submit the Payables Accounting Process to account for all unaccounted transactions. and Review the Unaccounted Transactions Report. Review any unaccounted transactions and correct data as necessary. Then resubmit the Payables Accounting Process to account for transactions you corrected. Or move any unresolved accounting transaction exceptions to another period.
Submit the Unaccounted Transactions Sweep Program.
5. Transfer invoices and payments to the General Ledger and resolve any problems Use Payables Transfer to General Ledger Program.
7. Reconcile Payables activity for the period. To Reconcile the Payables Activity, u need to do the below activities
Accounts Payable Trial Balance Report (this period and last period).
Posted Invoice Register.
Posted Payment Register.
8. If you use Oracle Purchasing, accrue uninvoiced receipts.
9. If you use Oracle Assets, run the Mass Additions Create Program transfer capital invoice line distributions from Oracle Payables to Oracle Assets.
10. Post journal entries to the general ledger and reconcile the trial balance to the General Ledger. Reconciling Payables Activity to General Ledger Program to be run
TIA</font id="blue">
Is the Period Closed for Permanently ?
Before Closing a Period , u Need to
1. Validate all invoices.
2. Confirm or cancel all incomplete payment batches.
3. If you use future dated payments, submit the Update Matured Future Dated Payment Status Program. This will update the status of matured future dated payments to Negotiable so you can account for them.
4. Resolve all unaccounted transactions.
Submit the Payables Accounting Process to account for all unaccounted transactions. and Review the Unaccounted Transactions Report. Review any unaccounted transactions and correct data as necessary. Then resubmit the Payables Accounting Process to account for transactions you corrected. Or move any unresolved accounting transaction exceptions to another period.
Submit the Unaccounted Transactions Sweep Program.
5. Transfer invoices and payments to the General Ledger and resolve any problems Use Payables Transfer to General Ledger Program.
7. Reconcile Payables activity for the period. To Reconcile the Payables Activity, u need to do the below activities
Accounts Payable Trial Balance Report (this period and last period).
Posted Invoice Register.
Posted Payment Register.
8. If you use Oracle Purchasing, accrue uninvoiced receipts.
9. If you use Oracle Assets, run the Mass Additions Create Program transfer capital invoice line distributions from Oracle Payables to Oracle Assets.
10. Post journal entries to the general ledger and reconcile the trial balance to the General Ledger. Reconciling Payables Activity to General Ledger Program to be run
TIA</font id="blue">
Hi,
Though there is a hold on invoice for payment and the period is closed, we can release the hold in the next period and make payment.
The important thing here is the Invoice should be Accounted and it should also be transferred to GL before closing of period.
(It happens normally in real time since we will make payments by Payment terms)
Regards,
CA Sridhar.K
Though there is a hold on invoice for payment and the period is closed, we can release the hold in the next period and make payment.
The important thing here is the Invoice should be Accounted and it should also be transferred to GL before closing of period.
(It happens normally in real time since we will make payments by Payment terms)
Regards,
CA Sridhar.K
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