Entries by Oracle ERP Apps Guide

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Frequently Asked Questions in Purchasing

1. Define Requition? 2. What are the types of requitions? 3. What is the use of requition template? 4. What is the procedure for qequition import? 5. What is ment by RFQ? 6. What are the types of RFQ”S? 7. What is ment by quatation and quotation analysis? 8. What is ment my PO? 9. […]

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Frequently Asked Questions in Accounts Payables

How many types of Invoices we can create in Oracle Payables? A. Standard B. Debit Memo C. Credit Memo D. Pre-Payment E. Expense Report F. Withholding Tax Invoice G. Miscellaneous Invoice Describe the 4-Way Matching? 2 – Way Matching: The Invoice Amount Should match with PO, (Invoice with PO) 3 – Way Matching: The Receipts […]

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ERP Overview

What is ERP? Enterprise Resource Planning or ERP is an industry term for integrated, multi-module application software packages that are designed to serve and support multiple business functions. ERP provides the backbone for an enterprise-wide information system. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written […]

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Oracle Period Status in General Ledger

Open: In the Open status you can enter and post Journals. Closed: In this status Journal entry and posting not allowed until accounting period is reopened. Reporting and inquiry allowed. Permanently Closed: In this status Journal entry and posting not allowed. You cannot change this period status. Reporting and inquiry allowed. You can change the […]

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Oracle Procure to Pay (P2P) and Order To Cash(O2C) Cycles

The different types of ordering methods followed across the organizations are discussed below and must follow one of these categories: Make to Order: A business production strategy that typically allows consumers to purchase products that are customized to their specifications. The make to order (MTO) strategy only manufactures the end product once the customer places […]