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Oracle Fusion Accounts Payable Overview

This document provides an overview of accounts payable and the procure to pay cycle in Oracle Fusion Financials. It describes the invoice components and their relationships, including the header, lines, distributions, and installments. It also discusses infotiles and dashboards for monitoring invoices, payments, and suppliers. Reports are available out of the box for payables trial balance and accounts payable general ledger reconciliation. Security and a demo are also briefly mentioned.

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maha Ahmed
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215 views20 pages

Oracle Fusion Accounts Payable Overview

This document provides an overview of accounts payable and the procure to pay cycle in Oracle Fusion Financials. It describes the invoice components and their relationships, including the header, lines, distributions, and installments. It also discusses infotiles and dashboards for monitoring invoices, payments, and suppliers. Reports are available out of the box for payables trial balance and accounts payable general ledger reconciliation. Security and a demo are also briefly mentioned.

Uploaded by

maha Ahmed
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
  • Accounts Payable Overview
  • Financial Application Modules
  • Procure to Pay Cycle
  • P2P Continuation
  • P2P Accounting Entries
  • Expense Item Accounting
  • Asset Item Accounting
  • Vendor Invoicing
  • Invoice Components
  • Header
  • Invoice Lines
  • Distributions
  • Installments
  • Invoice Types
  • Infotiles and Dashboards
  • Review Daily Activities
  • Security
  • Demo
  • Conclusion

Accounts Payable

Overview

Oracle Fusion Financials


Financial
Application
Procure to
Pay Cycle
This cycle describes the
steps that a company takes
to procure the items and pay
the Supplier.
P2P Cont..
P2P Accounting Entries (Inventory Item)
P2P Accounting Entries (Expense Item)
P2P Accounting Entries (Asset Item)
Vendor Invoicing
How Invoice Components Fit Together

The following figure shows the components


and their relationship to one another.
Header

An invoice header defines common information about an invoice, such as:

• Invoice number
• Invoice amount
• Supplier
• Payment terms

Note : An invoice header can have multiple invoice lines


Lines

Invoice lines:

• Record details of the goods and services including tax, freight, and miscellaneous charges
• Capture details necessary for integration with applications, such as Oracle Fusion Assets, Oracle
Fusion Projects, and Oracle Fusion Purchasing
• Can be generated automatically by matching an invoice to a purchase order, receipt, or consumption
advice
• Can be entered manually

Note: An invoice line can have one or more distributions.


Distributions

Distributions are used to create accounting entries and include information, such as:

• Accounting date
• Distribution combinations
• Projects information
Installments

An invoice can have one or more installments. Installments include information, such as:

• Due dates
• Due amounts
• Discount dates
• Payment method
Invoice Types
Infotiles and Dashboards

 Payables Dashboards
• Invoices requiring attention for approval, and which are on hold.
• Monitor payment process requests and their status.
• Monitor stop payment requests to cancel the stop request or void the payment.
• Monitor supplier sites on payment hold
 Invoices
• View the scanned incomplete invoices and complete it.
• View the specific invoices that they created or updated recently.
• View the invoices on hold and action on it in order to remove the hold.
• View the number of invoices that are pending their approval, the invoices rejected, and the
invoices waiting on others' approvals.
• Monitor the advances paid to suppliers.
• Monitor invoices due in the next week.
Infotiles and Dashboards

 Payment dashboard
• Monitor payment process requests and their status. Action on those payments which require
attention.
• Monitor payment files which require attention.
• Monitor stop payment requests to cancel the stop request or void the payment.
• Monitor supplier sites on payment hold
Review Daily Activities
 Reports

 Review Infotiles & Dashboards and take action accordingly

Out of the box reports:

 Payables Trial Balance

 AP to GL reconciliation
Security
Demo
Thank you

Accounts Payable Overview Oracle Fusion Financials
Financial Application
Procure to Pay Cycle This cycle describes the steps that a company takes to procure the items and pay the Supplier.
P2P Cont..
P2P Accounting Entries (Inventory Item)
P2P Accounting Entries (Expense Item)
P2P Accounting Entries (Asset Item)
Vendor Invoicing
How Invoice Components Fit Together The following figure shows the components and their relationship to one another.
Header An invoice header defines common information about an invoice, such as: • Invoice number • Invoice amount • Supplier •

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