Revaluing Foreign Currency BalancesAsset and Liability accounts that are entered in foreign currencies must be revalued every period in accordance with FAS52 (Financial Accounting Standards). The Revaluation program adjusts the value of the balance sheet accounts based on current period exchange rates. It then generates revaluation journals with adjustments to the defined unrealized gain/loss account. […]
You can write off unapplied cash receipt balances. Receipt write off functionality is Provided to account for small overpayments that you do not intend to refund or maintain as unapplied amounts or On account balance. With this function you can choose to write off an unapplied cash receipt amount within certain limits to a specific […]
Forms Builder provides various components, such as Data Block, Items, Property Palette, Canvases and Windows, Triggers, and Program Units that enable you to create a form. Data BlockA data block is a virtual data set that represents the database table. You need to create the associated block in the Object Navigator for every table used […]
11i and R12In 11i the field ‘bank_account_id’ acts as a relation key between the AP_CHECKS_ALL and AP_BANK_ACCOUNTS_ALL tables. In 12 i the same field is no longer is used in ‘AP_CHECKS_ALL’ table.In 12 i where ‘CE_BANK_ACCT_USE_ID’ is acts as a relation between ‘CE_BANK_ACCT_USES_ALL’ and ‘AP_CHECKS_ALL’ Highlights of release 12i A single responsibility to access and […]
Form 1099 is a form promulgated by the Internal Revenue Service and is used in the United States Income Tax System to prepare and file information return to report various type of income other than wages, salaries and tips (for which form W2 is used instead).Each payer must complete a 1099 for each covered transaction. […]
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