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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…
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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…
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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.…