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7th July 2010 Accounting Entires For Oracle Apps R12: Payables
7th July 2010 Accounting Entires For Oracle Apps R12: Payables
1 of 14 02/02/2015 11:49
Accounting entires for Oracle apps R12 http://ramschava.blogspot.co.uk/2013/07/accounting-entires-f...
Cash ---------------------Cr
EXPENSE REPORT ENTRY :
Item Expense A/C --- Dr
Liability --- Cr
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Accounting entires for Oracle apps R12 http://ramschava.blogspot.co.uk/2013/07/accounting-entires-f...
Cash -------Cr
RECEIVABLES
O2C ENTRIES:
Pick Release:
Receiving Inventory ---- Dr
Item Expense/Material ac ---- Cr
Ship Confirmation:
COGS ---- Dr----It will pick from Inv Information
Receiving Inv (Sub-Inv) ---- Cr
While Creating Transaction:
Receivable ---- Dr
Revenue ------- Cr
Freight --------Cr
Tax -------------Cr
While Recording Receipt: WHEN STATE IS CONFIRMED
Confirmed Cash--------------Dr
Receivables ----Cr
When Remitted: WHEN STATE IS REMITTED
Remitted Cash ---- Dr
Confirmed Cash--------Cr
When Reconciled: WHEN STATE IS CLEARED
Cash -------Dr
Remitted Cash --- Cr
DEPOSIT ACCOUNTING ENTRY:
When we create DEPOSIT invoice the accounting entry would be:
Receivable --- Dr
Accrual (Unearned Revenue) -------- Cr
When we create Sales Invoice:
Receivable---Dr
Revenue----- Cr
When Deposit adjusts with actual transaction invoice the entry would be:
Unearned Rev (Accrual) -----Dr
Receivables-------Cr
GAURANTEE ACCOUNTING ENTRY:
When we crate Guarantee transaction:
3 of 14 02/02/2015 11:49
Accounting entires for Oracle apps R12 http://ramschava.blogspot.co.uk/2013/07/accounting-entires-f...
Unbilled receivable----Dr
Unearned Revenue ---Cr
When we create sales Invoice:
Receivable ----Dr
Revenue -------Cr
When Guarantee transaction adjusts with sales invoice:
Unearned Revenue ---Dr
Unbilled ReceivableCr
REVENUE RECOGNISATION:
INVOICE ADVANCE:
When we create sales invoice and set invoicing rule as
INADVANCE(FIXED SCH):
Receivables ---- Dr
Unearned Revenue -------- Cr
Once we recognize the Revenue the accounting entry would be:
Unearned Revenue ---- Dr
Revenue------------------Cr
And the final entry would be:
Receivable ------Dr
Revenue ---------Cr
INVOICE ARREARS:
REVENUE RECOGNISATION using Invoice Arrears Schedule:
Unbilled ReceivablesDr
Revenue-----------------Cr
Once we have billed the customer
Receivables---------------Dr
Unbilled Receivables--Cr
ONACCOUNT ACCOUNTING ENTRY:
When we created the Receipt and applied to OnAccount :
Cash ---Dr
Receivables ----CR, ONACCOUNT -----Cr
CUSTOMER REFUND ACCOUNTING ENTRY :
When we release the On account and Refund the Amount:
Cash ----Dr
Receivables----Cr
On Account Cash ---Cr
Unapplied Cash -----Dr
Refund----------------Cr
Assets:
Asset Addition :
4 of 14 02/02/2015 11:49
Accounting entires for Oracle apps R12 http://ramschava.blogspot.co.uk/2013/07/accounting-entires-f...
The process of adding a Fixed Asset either through detailed, quick or mass addition is
called asset addition. Detail and quick addition are carried out only in Oracle Assets.
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Accounting entires for Oracle apps R12 http://ramschava.blogspot.co.uk/2013/07/accounting-entires-f...
Transfers
Revaluation
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Accounting entires for Oracle apps R12 http://ramschava.blogspot.co.uk/2013/07/accounting-entires-f...
Retirements
ACCOUNTING ENTIRIES
PAYABLES
NOTE: We dont have Accounting Entries for PO & Requisition
P2P ENTIRES:
When we receive the Goods in the staging area the accounting entry
would be (GRN):
Receiving Inventory --- Dr-----It will pick from receiving options.
Ap Accrual --- Cr---It will pick from Purchasing Options.
When we are moving the Goods from Staging area to Sub-Inv (Recv
Trans):
Material A/C --- Dr-----It will pick from Inventory Options
Receiving Inv --- Cr----It will pick from Receiving Options
While Creating Invoice:
Ap Accrual --- Dr
7 of 14 02/02/2015 11:49
Accounting entires for Oracle apps R12 http://ramschava.blogspot.co.uk/2013/07/accounting-entires-f...
8 of 14 02/02/2015 11:49
Accounting entires for Oracle apps R12 http://ramschava.blogspot.co.uk/2013/07/accounting-entires-f...
RECEIVABLES
While Creating Transaction:
Receivable ---- Dr
Revenue ------- Cr
Freight --------Cr
Tax -------------Cr
While Recording Receipt: WHEN STATE IS CONFIRMED
Confirmed Cash--------------Dr
9 of 14 02/02/2015 11:49
Accounting entires for Oracle apps R12 http://ramschava.blogspot.co.uk/2013/07/accounting-entires-f...
Receivables ----Cr
When Remitted: WHEN STATE IS REMITTED
Remitted Cash ---- Dr
Confirmed Cash--------Cr
When Reconciled: WHEN STATE IS CLEARED
Cash -------Dr
Remitted Cash --- Cr
DEPOSIT ACCOUNTING ENTRY:
When we create DEPOSIT invoice the accounting entry would be:
Receivable --- Dr
Accrual (Unearned Revenue) -------- Cr
When we create Sales Invoice:
Receivable---Dr
Revenue----- Cr
When Deposit adjusts with actual transaction invoice the entry would be:
Unearned Rev (Accrual) -----Dr
Receivables-------Cr
GAURANTEE ACCOUNTING ENTRY:
When we crate Guarantee transaction:
Unbilled receivable----Dr
Unearned Revenue ---Cr
When we create sales Invoice:
Receivable ----Dr
Revenue -------Cr
When Guarantee transaction adjusts with sales invoice:
Unearned Revenue ---Dr
Unbilled ReceivableCr
REVENUE RECOGNISATION:
INVOICE ADVANCE:
When we create sales invoice and set invoicing rule as
INADVANCE(FIXED SCH):
Receivables ---- Dr
Unearned Revenue -------- Cr
Once we recognize the Revenue the accounting entry would be:
Unearned Revenue ---- Dr
Revenue------------------Cr
And the final entry would be:
Receivable ------Dr
Revenue ---------Cr
INVOICE ARREARS:
10 of 14 02/02/2015 11:49
Accounting entires for Oracle apps R12 http://ramschava.blogspot.co.uk/2013/07/accounting-entires-f...
11 of 14 02/02/2015 11:49
Accounting entires for Oracle apps R12 http://ramschava.blogspot.co.uk/2013/07/accounting-entires-f...
Transfers
Revaluation
12 of 14 02/02/2015 11:49
Accounting entires for Oracle apps R12 http://ramschava.blogspot.co.uk/2013/07/accounting-entires-f...
Retirements
13 of 14 02/02/2015 11:49
Accounting entires for Oracle apps R12 http://ramschava.blogspot.co.uk/2013/07/accounting-entires-f...
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