Hi,
I have given 200/- hard cash to employee and after 2 days the employee has returned 200/- hard cash.
I have created supplier as Employee.
How we do in oracle in payable R12.1.1.
Can any one help me.
Thanks,
Nagesh
Employee Advance -Payables
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- Posts: 74
- Joined: Tue Jul 10, 2007 10:02 am
- Location: India
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- Posts: 74
- Joined: Tue Jul 10, 2007 10:02 am
- Location: India
Other way ( if you do not have Cash Management, If CM is not there then also not advisable. Accounting wise this is OK).
Create Prepayment for Rs200
Prepay Dr
Liability Cr
Pay
Liability Dr
Cash Cr
Create standard invoice with cash account in Distribution
Cash Dr
Liability Cr
Apply prepayment
Liability Dr
Prepay Cr
All accounts got nullified.
BUT
Cash management Module does not recognize "standard invoice with cash account in Distribution" cash account as receipt and this will not appear in available transaction.
Still the bank statement line can be marked as "External" while reconciliation , which is as good as reconciled bank line.
Create Prepayment for Rs200
Prepay Dr
Liability Cr
Pay
Liability Dr
Cash Cr
Create standard invoice with cash account in Distribution
Cash Dr
Liability Cr
Apply prepayment
Liability Dr
Prepay Cr
All accounts got nullified.
BUT
Cash management Module does not recognize "standard invoice with cash account in Distribution" cash account as receipt and this will not appear in available transaction.
Still the bank statement line can be marked as "External" while reconciliation , which is as good as reconciled bank line.
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