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 ).
If you are talking about an invoice which has been recorded in AP you have to pay it using a bank account. If the invoice has not been entered in AP you can enter a Misc Receipt in AR using a payment method associated with a cash account.
Invoice has been recorded in AP and made payment against this invoice without using Bank. This is the case, is it possible to make a payment in AP without using Bank.
Well, in AP you allways pay invoices using documents registered on a Bank Account. The question is that the Bank Account does not need to be a real bank account. Suppose you are paying in cash. In that case, in spite you are using the bank account feature to pay the invoice, you are not cutting a cheque or something similiar. Registering this payment does not create any transaction with your Bank.
Basically we are uploading opening balances in ap and we have some prepayments in which we need to make payment against these prepayment to make prepayments availble.
Sure you can deactivate the bank account whenever you want. Besides, in terms of accounting, the balance of entering and paying prepayments will be zero.
Hi,
Van we Upload the Prepayment Invoices using 'Payables Open Interface Import' Program if not then what is the need to Payment of Old Unadjusted advances. Howevere it will effect on Accounting.
Regards
Syed
