Review & Resolve Amounts to Post to the General Ledger
Review the Invoice on Hold Report
If there is any Hold on the Invoice it will not accounted. So we need to remove all the holds on the invoices. After Running Invoice Validation We need to run the Invoice on Hold report.
This report enables review of any holds currently applied to invoices that would prevent the payment and/or posting of these invoices. The report details all invoices for which Oracle Payables cannot select for posting and therefore cannot create journal entries. Where possible resolve any identified holds which will prevent posting to the general ledger, and re-run the Payables Approval process to approve these invoices.
Optionally Run a Month End Payment Batch
By running a month end payment batch, you may arrange a payment for as many due invoices as possible.
Run Updated Mature Dated Future Payments Program to Change the status of the Payments to Negotiable so that you can account these Payments.
By running a month end payment batch, you may arrange a payment for as many due invoices as possible.
Run Updated Mature Dated Future Payments Program to Change the status of the Payments to Negotiable so that you can account these Payments.
Confirm all Payment Batches
Optionally run the Final Payment Register for the period that is to be closed, or finalize any outstanding payment batches. Use the Payment Batches window to confirm any unconfirmed payment batches.
Note: The Final Payments Register lists each payment created for a payment batch. Actual payments can be compared against this register to verify that Oracle Payables has recorded payments correctly. The report lists each payment in a payment batch, including setup and overflow payment documents, in ascending order, by payment number.
Attention: Oracle Payables prevents the closing of a period in which all payment batches have not been confirmed.
Optionally run the Final Payment Register for the period that is to be closed, or finalize any outstanding payment batches. Use the Payment Batches window to confirm any unconfirmed payment batches.
Note: The Final Payments Register lists each payment created for a payment batch. Actual payments can be compared against this register to verify that Oracle Payables has recorded payments correctly. The report lists each payment in a payment batch, including setup and overflow payment documents, in ascending order, by payment number.
Attention: Oracle Payables prevents the closing of a period in which all payment batches have not been confirmed.
Optionally Run the Payments Registers
Optionally, run the Payment Register. This report details payment printed in a particular accounting period. The report can be used to review payment activity for each bank account used during the specified time period.
Warning: The report total only shows the net (less discounts and voids) payment amount, whereas the Posted Payment Register total is the total payment amount, including discounts. If only verifying report totals, these two reports would not balance. Therefore it is necessary to subtract the discounts taken from the report total and then compare this calculated amount to the total displayed on the Payment Register Report.
Optionally, run the Payment Register. This report details payment printed in a particular accounting period. The report can be used to review payment activity for each bank account used during the specified time period.
Warning: The report total only shows the net (less discounts and voids) payment amount, whereas the Posted Payment Register total is the total payment amount, including discounts. If only verifying report totals, these two reports would not balance. Therefore it is necessary to subtract the discounts taken from the report total and then compare this calculated amount to the total displayed on the Payment Register Report.
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