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Paybles_set of Books [message #218150] Wed, 07 February 2007 00:25 Go to next message
mgkgsg
Messages: 31
Registered: December 2006
Location: INDIA
Member
1.Why we choose set of books in payables again when we already attached it by profile options?
2. in which other modules we have to follow same procedure of opting SOB again?
Re: Paybles_set of Books [message #218485 is a reply to message #218150] Thu, 08 February 2007 06:45 Go to previous messageGo to next message
sujatha_mu
Messages: 55
Registered: October 2006
Location: pune
Member
Hi,

1.Why we choose set of books in payables again when we already attached it by profile options?

-- This setup part is done in payable options - accounting methods region - specify your primary Accouting Method and primary SOB, also specify your Secondary Accounting Method and secondary SOB.

--Choose set of books in payables - Your organization uses account structure, accounting calendar, and functional currency to record transactions in Payables

2. in which other modules we have to follow same procedure of opting SOB again?
--Also in receivables in the setup of system options u have to specify your SOB and accounting methods of your organization.


Regards
Sujatha
Re: Paybles_set of Books [message #218490 is a reply to message #218485] Thu, 08 February 2007 07:05 Go to previous messageGo to next message
mgkgsg
Messages: 31
Registered: December 2006
Location: INDIA
Member
FIRST OF ALL THANKS SUJATHA.

COULD YOU EXPLAIN SLIGHTLY MORE IN DETAIL.

REGARDS

MUKESH
Re: Paybles_set of Books [message #218492 is a reply to message #218490] Thu, 08 February 2007 07:16 Go to previous message
sujatha_mu
Messages: 55
Registered: October 2006
Location: pune
Member
For ex:- if your primary accounting is accrual basis of accounting and secondary accounting is cash basic of accouting

Payable options -You have to choose two things
1. Primary Accounting of your org - accrual basis of accounting
2. Secondary Accounting of your organization - cash basis of accouting

For this attach SOB

primary accounting attach primary SOB - for ex:- Cust SOB
secondary accounting attach primary SOB -for ex:- Cust one SOB.

Now u choose SOB for your payables which is one time setup.
Based on this SOB (calendar,currency,accouring flexfield str)transactions in payables gets recorded.

Regards
Sujata.
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