Neatly Explained about Oracle Apps Accounts payable functionality
Patyment receiptFull description
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Evaluated Receipt Settlement is the procedure for settling the Goods receipts automatically. Purchaser enters into the agreement with the vendor that the purchaser system posts the invoice d…Full description
This document helps you on how to integrate Oracle Apps with OBIEEFull description
The trend of digital payments has been increased rapidly in recent years with the development of the Internet and due to the easy accessibility of Internet usage. Easy access to the Internet has driven consumers to use mobile payment applications for
Payment on Recei pt Or ERS Functionali ty | Or acl e Apps Refer ence
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Payment Payment on Receipt Receipt Or O r ERS Functionality Posted: July 7, 2013 in Purchasing 1 Payment on Receipt Receipt enables the user to automatically create standard, unapproved invoices for payment of goods based on receipt transactions. Invoices are created using a combination of receipt and purchase order order information, that eliminates eliminates duplicate duplicate manual data entry.It automaticall a utomatically y create invoices with multiple items and distribution lines, and include sales tax.Payment on Receipt is also known as Evaluated Receipt Settlement (ERS) and Self Billing.
If the Alternate Pay Site is defined for the Supplier Site, then invoice is created for the Alternate Pay Site, otherwise for the Supplier Site on the Purchase Order is used. The amount on the invoice is determined by multiplying the Quantity received by the Purchase Order Item Unit Price. The Payment Terms on the invoice default default from the purchase order payment terms. The Payment Currency Currency defaults defaults from the supplier site. Sales Tax is calculated based on the Tax Codes on each Purchase Order Line. Prerequisites:
1. Navigate to Purchasing Super User Responsibility -> Supply Base -> Suppliers. Query the Supplier Address Book option.Search with Site Name and click on Update icon across it. and click and click on Address Book Ensure Payment and Purchasing check boxes are selected.
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Payment on Receipt Or ERS Functionality | Oracle Apps Reference
(https://govoracleapps.files.wordpress.com/2013/07/7.jpg) 2. Click on Purchasing and then on Self Billing tab. The Pay On and Invoice Summary Level fields are set as follows Pay On => Receipt
If Pay On is set to ‘Receipt’, Invoice Summary Level settings may be one of the following: Pay Site – Triggers one invoice per supplier pay site Packing Slip – Triggers one invoice per packing slip Receipt – Triggers one invoice per receipt
(https://govoracleapps.files.wordpress.com/2013/07/2.jpg) If you want to create a Debit Memo for a return, then “ Create Debit Memo from RTS Transaction ” should be also enabled.
Payment on Receipt Or ERS Functionality | Oracle Apps Reference
(https://govoracleapps.files.wordpress.com/2013/07/3.jpg) 3. Navigate to System Administrator->Profile->System, enter the profile option name as “ PO: ERS Invoice Number Prefix ” and click on find button to see the value set at site level. The value set for the profile will be the default prefix for Pay On Receipt invoices. So here the invoice number will be of the format ‘ERS’-- , where ‘Seq#’ is a unique system generated number,and X depends on the summary level indicated above in the Invoice Summary Level Setting: If summary level = Pay Site , then ‘X’ = Invoice Date If summary level = Packing Slip , then ‘X’ = Packing Slip Number If summary level = Receipt , then ‘X’ = Receipt Number
Payment on Receipt Or ERS Functionality | Oracle Apps Reference
(https://govoracleapps.files.wordpress.com/2013/07/4.jpg) 4. Navigate to Payables Super User->Setup->Options->Payables Options and then click on Invoice Tab. Under GL Date Basis, there are four options. The accounting date will be based on the option selected here: Invoice Date (Invoice date entered on the Invoice in Accounts Payable) System Date (Current/system date the invoice was entered in Accounts Payable) Goods Received / Invoice Date (Invoice date entered on the receipt in Accounts Receivable) Goods Received / System Date (Current/system date the receipt was entered in Accounts Receivable)
1. Navigate to Purchasing Super User->Purchase Orders->Purchase Orders.Enter the Supplier and Site for which ERS setup is done.Also enter the line & distribution details and save the PO.
(https://govoracleapps.files.wordpress.com/2013/07/1.jpg) 2. Click on Terms button and ensure “Pay On” is set as Receipt.
Payment on Receipt Or ERS Functionality | Oracle Apps Reference
(https://govoracleapps.files.wordpress.com/2013/07/23.jpg) 3. Submit the PO for approval and get it approved. 4. Navigate to Purchasing Super User->Receiving->Receipts.Enter the PO number so that the supplier and site will be defaulted.Then click find.
Payment on Receipt Or ERS Functionality | Oracle Apps Reference
(https://govoracleapps.files.wordpress.com/2013/07/42.jpg) Then click on Header button to see the receipt number.
(https://govoracleapps.files.wordpress.com/2013/07/52.jpg) 6. As soon as you save the receipt transaction, in the background the below programs will be submitted:Receiving Transaction Processor ADS (Pay On Receipt AutoInvoice) Payables Open Interface Import
Payment on Receipt Or ERS Functionality | Oracle Apps Reference
(https://govoracleapps.files.wordpress.com/2013/07/6.jpg) 7. View the output of the Payables Open Interface Import. You can notice the creation of an invoice in AP Module as shown below:
(https://govoracleapps.files.wordpress.com/2013/07/71.jpg) 8. Query the invoice in the AP Module and view the invoice and its distribution details as shown below:
