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System Hold invoice [message #272212] Thu, 04 October 2007 04:32 Go to next message
san4u
Messages: 42
Registered: September 2007
Location: bangalore
Member

HI,



I created on Po with amount of $ 1000 and i created standard invoice for $1200 (by mistakely) and i match this invoice with Po

after that i approved the invoice but it is system hold.

I got this question from one interview.

anybody knows pls help me.

Thx..
Sankar.K
Re: System Hold invoice [message #272352 is a reply to message #272212] Thu, 04 October 2007 12:35 Go to previous messageGo to next message
jayaharan76
Messages: 62
Registered: June 2006
Location: BANGALORE
Member

Hello Sankar

It is a standard question and std.functionality of oracle application.

Hope you should know that, for Inventory Std.PO (for example) there three accounts will get affected in PO_DISTRIBUTION
(1) Charge account (created by account generator) & you will able to change the account at Distribution & based on the Subinventory at distribution

(2) AP Inventory Accrual account - from MTL_PARAMETERS (org parameters)

(3) Invoice Price Variance (IPV) account from MTL_PARAMETERS (org parameters)

IPV = (PO Line price ~ Invoice Price ) x received qty X exchange rate (if applicable)

While creating Manual AP Invoice need to do the following steps
1) Optioanlly create Invoice Batch
2) Match PO versus Invoice
3)Check Invoice distribution
4) validate the Invoice (manually by pressing validate button)
5)In your case due to the Higher amount (greater than the PO Price) system hold automatically applied .. DO FORCE APPROVAL
to approve the Invoice, It is available in the Invoice ACTIONS form.
Now Hold will be released .. Press Ok to complete the transaction
6)THE EXTRA $200 IS CAPTURED BY THE IPV Account

Transfer the transaction from AP Sub-ledger to GL
In GL you will able to see the account distribution

For your better understanding i will attached the GL Accounting transaction screen shot.
In your case following accounts will affected in GL

Line Type
Invoice Price variance = 200 (Dr)
AP Accrual = 1000 (Dr)
Liability = 1200 (Cr)

HTH

Thanks
Jayaharan Krishnamurthy
jayaharan76@yahoo.com
Re: System Hold invoice [message #272420 is a reply to message #272352] Fri, 05 October 2007 00:42 Go to previous message
san4u
Messages: 42
Registered: September 2007
Location: bangalore
Member

Hi Jayahe,

Thanks a lot for ur suggestion and pls let me know a bit about IPV Accounts.

Thanks..
Sankar.K
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