erpSchools

Category: Payables

  • Withholding Tax Invoices in Oracle AP

    Withholding Tax Invoices in Oracle AP: Withholding tax (WHT) is the amount withheld while making a payment to a supplier/contractor/any payee. Instead it is paid to the tax authorities. You may be required to withhold taxes from your employee expense reports and supplier invoices. Payables lets you to automatically withhold tax based on the certain…

  • Retainage Release Invoices in Oracle AP

    Retainage Release Invoices in Oracle AP: Retainage means retaining certain amount of money with us without paying the supplier in full. The retained amount is released or paid to the supplier when all the terms of the agreement have been met or all the work is completed. Pre-requisites: 1. Retainage Account setup: Navigation: Payables Responsibility…

  • Prepayments in Oracle AP

    Prepayments in Oracle Payables: Normal Payables cycle is that you first create invoice when you get one from you supplier for the goods that you have bought and then make a payment of the amount in the invoice to the supplier. But there are scenarios where the supplier requests for an advance when you order…

  • AP: Payment Manager Process in R12

    Payment Batch lets you create payments for multiple invoices that meet the criteria you specify in a single shot. In R12, it lets you select invoices with different Operating units, Currencies in a single batch. Note: The process of creating payment batches and processing payments in R12 has changed completely when compared to 11i. Navigation:…

  • Payment batches in Payables 11i

    Introduction: We will see how we can use Payments Batches to create payments for multiple invoices that meet the selection criteria you specify. Process: The below diagram illustrates the sequence of steps to be followed to complete the payment batch. Each of the steps is initiated from the Payment Batch Actions window.     1.…

  • Procure to Pay Cycle

    Diagrammatic representation of Procure to Pay cycle.   Watch the procure-pay-cycle-video Article with 11i screen shots: Procure to Pay Cycle 11i Query: Procure to Pay Cycle Query 1) Create Requisition: Requisition is nothing but a formal request to buy something (like Inventory material, office supplies etc) needed for the enterprise. Only an employee can create…