ERPstuff - Oracle EBS Community

Dear All,

Is it possible to make a payment against invoice without using bank account in AP.

Thanks In Advance

Regards,

awais

Hello.

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.

Octavio

Dear Octavio,

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.

Hello.

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.

Octavio

Dear Octavio,

Thanks for your response.

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.

Hello.

So what you need to do is to create a dummy bank account with GL cash equal to the prepayment account and pay the prepayments.

Octavio

Dear Octavio,

Dummy bank account will be shown in reports. Can we deactivate this dummy bank account after making the payment or any other solution regarding this.

Dear Octavio,

Dummy bank account will be shown in reports. Can we deactivate this dummy bank account after making the payment or any other solution regarding this.

Hello.

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.

Octavio

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