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  • Miscellaneous Receipt - INV: Krishna Panchangam, NTT Data

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    Panchangam Hymavathy
    6 views4 pages
    The document compares the current procure to pay flow to a proposed flow. The current flow involves capturing a purchase order, goods receipt, purchase invoice, and payment. The proposed flow also involves capturing a purchase order but replaces the goods receipt with a miscellaneous receipt in the invoice module. Both flows involve matching the invoice to the purchase order for financial information and cost, and completing a bank reconciliation.

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    misc receipt in oracle

    Original Title

    Miscellaneous Receipt

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    The document compares the current procure to pay flow to a proposed flow. The current flow involves capturing a purchase order, goods receipt, purchase invoice, and payment. The proposed flow also involves capturing a purchase order but replaces the goods receipt with a miscellaneous receipt in the invoice module. Both flows involve matching the invoice to the purchase order for financial information and cost, and completing a bank reconciliation.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    6 views4 pages

    Miscellaneous Receipt - INV: Krishna Panchangam, NTT Data

    Uploaded by

    Panchangam Hymavathy
    The document compares the current procure to pay flow to a proposed flow. The current flow involves capturing a purchase order, goods receipt, purchase invoice, and payment. The proposed flow also involves capturing a purchase order but replaces the goods receipt with a miscellaneous receipt in the invoice module. Both flows involve matching the invoice to the purchase order for financial information and cost, and completing a bank reconciliation.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 4

    Miscellaneous Receipt - INV

    Krishna Panchangam,NTT Data


    Procure to Pay Flow Vs Proposed Flow
    Purchase Order capturing Purchase Order capturing
    the Charge Account , Lines the Charge Account, Lines
    details, Match Approval details, Match Approval
    level as 3 way and Invoice level as 2 way with Invoice
    Match to PO for Financial and Invoice Match to PO for
    Information/Cost Financial Information/Cost
    Receipt or Goods Receipt Miscellaneous Receipt in
    INV
    Purchase Invoice Purchase Invoice
    Payment Payment
    Bank Reconciliation Bank Reconciliation
    Accounting
    Procure to Pay Flow Proposed Flow
    PO None PO None
    Receipt ( PO has Accrue at Receipt) Miscellaneous Receipt
    a)Receive Receiving Inspection Dr Inventory Valuation DR
    Inventory AP Accrual Cr Entered GL Account ( Offset) CR.
    b)Delivery- Inventory Valuation Dr Invoice ( PO Matched to Invoice)
    Receiving Inspection Cr. Inventory A/P Accrual DR
    Invoice Liability Cr ( Supplier Site)
    Inventory AP Accrual Dr
    Liability Cr
    Order Management Goods Delivered

    Accounting is same for both the Miscellaneous


    Receipt and the Normal Receipt flows.

    Cost of Goods Sold DR


    Inventory Valuation CR

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