bills payables with recourse

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 ).
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dishbu78900
Posts: 1
Joined: Wed Aug 25, 2010 7:11 am
Location: India

bills payables with recourse

Post by dishbu78900 »

Hello ,

Can we make a bills payables with recourse

for instance:
Company = A
Company's vendor = B
Company's bank = C

A gives a promisory note to B with a due date after 30 days
Based on Promisory note, C pays to B on discounted basis.
ON maturity date, A pays to C
Basically we need to book short term debts beyond the maturity date, if any
.......

can anybody help me with the mapping into oralce?
anjan123
Posts: 151
Joined: Tue Jun 26, 2007 1:06 am
Location: India

Post by anjan123 »

Hi Shibu,

Please explain who is A who is B and who is C, what is your organization structure.


without having proper information we cannot provide a solution.


Regards
Anjan
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