In R12, banks are moved into Trading Community Architecture(TCA). Now Cash Management owns the internal bank setup definition. Benefits of new Bank Account model: There is a central place to define internal bank accounts. So with centralized user interface, users can reduce the number of access points to manage bank accounts With the help of […]
Cash Pooling Techniques are used by the Organizations to optimize the funds by consolidating bank balances across multiple bank accounts. Benefits of Cash Pooling Techniques: – Minimizes the idle funds by consolidating balances– Helps to decrease external borrowing costs and increase investment returns– Allows users to group bank accounts into pooling structures to manage funds […]
Types of Invoices in AP: The different types of invoices available in Payables are: 1. Standard Invoices: Standard invoices are the invoices issued by a supplier to the buyer, representing the amount due for the products or services the supplier has provided to the buyer. Standard invoices can be either matched to a purchase order […]
Accounting setup is used to set up the accounting structure which controls transaction processing across Oracle Financial Applications . With Accounting setup manager we can define and maintain the accounting setup for Legal Entities, Ledgers, Operating Units, Subledger Accounting, Intercompany and Intracompany Balancing, and Reporting Currencies Responsibility: General Ledger Navigation: Setup : Financials : Accounting Setup […]
Purchasing provides you the features you need to satisfy the following purchasing needs. You should be able to: Review all of your purchases with your suppliers to negotiate better discounts Create purchase orders simply by entering a supplier and item details Create standard purchase orders and blanket releases from both on-line and paper requisitions Quickly […]
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