Oracle Applications EBS - Accounting Entries Overview

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Oracle Applications EBS - Accounting Entries Overview

Overview

SUMMARY B2B DP SO Work order INTER_ORG P2P O2C ADJ STD CostMisc Rec Misc.Payments Manual Work Order

Sheet 1: SUMMARY

www.erpstuff.com

Oracle Applications - EBS - Accounting EntriesVersion:

1.0

12-Jan-09

SR NO PROCESS LINK

1 Back To Back B2B

2 Drop Ship DP

3 SO- Work Order SOW

4 Inter Org INTER_ORG

5 ISO ISO

6 Procure to Pay P2P

7 Receipt To Cash O2C

8 AR Adjustments ADJ

9 Standard Cost Update STD COST

10 Miscellaneous Receipt MISC REC

11 Miscellaneous PaymentsMisc.

Payments

12Manual Work OrderCreation & Completion

MOW

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Sheet 2: B2B

BACK TO BACK

SR.NO PARTICULARS DR CRSPL

NOTES

ACCOUNTIS

PULLED SPECIFIC OPTION AVAILABLE

I Back to Back

1 Sales Order Entry

No Accounting

2 Creation of Requisition

No Accounting

3Creation of PurchaseOrder

No Accounting

4 Receipt

Receiving A/c 100 At POPrice

ReceivingOptionSetup

ORG

AP Accrual A/c 100 At POPrice

InventoryOrg Setup

ORG

5 Delivery

Raw Material SubInventory A/c

80 AtStandardCost

Sub-inventoryMaterial A/c Setup

SUB-INVOrg Level A/c Will getdefaulted

PPV A/c 20DiffbetweenPO -Stnd

InventoryOrg Setup

ORG



ORG

6 Reservation



No Accounting

7 Picking

Staging Sub Inventory A/c

80 AtStandard

Cost



Sub Inventory A/c 80 AtStandardCost



8 Shipping

COGS 80 AtStandardCost

ItemOrg Level A/c Will getdefaulted, OMTT

Staging Sub Inventory

A/c 80

At

StandardCost

Sub-inventory

Material A/c Setup

SUB-INV

Org Level A/c Will get

defaulted

Sheet 3: DP

DROP SHIP


NOTES

ACCOUNTIS

PULLED

SPECIFIC OPTION AVAILABLE

I Drop Ship

1 Sales Order Entry

No Accounting


No Accounting

3Creation of PurchaseOrder

No Accounting

4 Receipt



ORG

AP Accrual A/c 100 At POPrice

InventoryOrg Setup

ORG



5 Delivery


80 AtStandardCost



PPV A/c 20

DiffbetweenPO -Stnd

InventoryOrg Setup

ORG



ORG

6 Reservation

No Accounting

7 Picking


80 AtStandardCost






8 Shipping


ItemOrg Level A/c Will get

defaulted, OMTT


80 AtStandardCost



Sheet 4: SO Work order

SO-WORKORDER FLOW


NOTES ACCOUNT IS


1 At the time of materialissue

WIP Material A/c 100 WIP Class

Subinventory material A/c 100 Org/Subinventory



2 Resource Valuation

WIP Resource valuation A/c

100 WIP Class

Resource Absorption A/c 100 ResourceDefinition Form

3 Overhead Cost (Material)

WIP Material ovehead A/c 10 WIP Class

Sub inventory materialoverhead A/c

10 Org/Subinventory

4 Overhead Cost (Indirect)

WIP Overhead A/c 100 WIP Class

Overhead absorption A/c 100 OverheadsDefinition Form

5 WIP Job Completion

Staging/Completion Sub-inventory A/c

Std Cost Org/Subinventory

WIP Material A/c WIP Class

WIP Resource valuation A/c

WIP Class

WIP Material overhead A/c WIP Class

WIP Overhead A/c WIP Class

WIP Material Variance A/c

Diffbetween Actual – STD

WIP Class

WIP Resource Variance A/c


WIP Class

WIP Material Variance A/c


WIP Class

WIP Overhead Variance A/c


WIP Class

5 Picking

Staging Sub Inventory A/c 100 AtStandardCost

Sub-inventoryMaterial A/cSetup

SUB-INVOrg Level A/c will getdefaulted



Sub Inventory A/c 100

AtStandardCost



6 Shipping


Item Org Level A/c will getdefaulted, OMTT

Staging Sub Inventory A/c 100 AtStandardCost



Sheet 5: INTER_ORG

INTER ORG/INTERNALSALES ORDERS


NOTES ACCOUNTIS PULLED

SPECIFIC OPTION

AVAILABLE

1

FOB Point is set to Receiptwithout Charges & Freight -Using Transaction Type -Intransit

Entry at the time of ISSUE

Intransit Inventory A/c ( SendingOrg )

100 AtStandard

Cost

ShippingNetwork

ORG

Sub Inventory A/c ( Sending Org ) 100 AtStandardCost


ORG

Entry at the time of RECEIPT

Inter –Organization Receivable(Sending Org )

100 AtStandardCost

ShippingNetwork

ORG


100 AtStandard

Cost

ShippingNetwork

ORG

Sub Inventory A/c ( Receiving Org)

100 AtStandardCost


ORG

Inter –Organization Payable (Receiving Org )

100 AtStandardCost

ShippingNetwork

ORG



2FOB Point is set to Receipt withCharges & Freight - UsingTransaction Type - Intransit



100 AtStandardCost

ShippingNetwork

ORG



ORG



100 AtStandardCost

ShippingNetwork

ORG


100 AtStandardCost

ShippingNetwork

ORG


15ShippingNetwork

ORG

Freight Expense A/c ( Sending Org)

15 AtTransactionLevel


10ShippingNetwork

ORG

Inter –Org. Transfer Credit (Sending Org )

10ShippingNetwork

Subinventory A/C (Receiving Org) 100 AtStandardCost

Sub-

inventoryMaterial A/c Setup

Purchase PriceVariance(Receiving Org)

25ShippingNetwork

Inter –Organization Payable(Receiving Org)

125ShippingNetwork

ORG

3

FOB Point is set to Shipmentwithout Charges & Freight -Using Transaction Type -Intransit


Inter – Organization Receivable(Sending Org)

100 AtStandardCost

ShippingNetwork

ORG


Sub-inventoryMaterial

ORG



A/c Setup

Intransit Inventory A/c (ReceivingOrg)

100ShippingNetwork

ORG

Inter - Organization Payable(Receiving Org)

100ShippingNetwork

ORG


Sub Inventory A/c (Receiving Org) 100 AtStandardCost

Sub-InventoryMaterial A/c Setup

ORG

Intransit Inventory A/c (ReceivingOrg)

100 AtStandardCost

ShippingNetwork

ORG

4

Direct Inter –Organization

Transfer without FOB beingReceipt and without transfercredit and freight

Inter – Organization Receivable(Sending Org)

100 AtStandardCost

ShippingNetwork

ORG

Sun Inventory A/c (Sending Org) 100 AtStandardCost


ORG

Sub Inventory A/c (Receiving Org) 100

At

StandardCost

Sub-inventory

Material A/c Setup

ORG


100 AtStandardCost

ShippingNetwork

ORG

5Direct Inter –OrganizationTransfer with FOB being Receiptwith transfer credit and freight

Entry at the SOURCE

Inter – Organization Receivable

(Sending Org) 120

ShippingNetwork

ORG

Sub Inventory A/c (Sending Org) 100 AtStandardCost


ORG

Inter –Org. Transfer Credit (Sending Org )

10ShippingNetwork

ORG



Freight Expense A/c ( Sending Org)

10 Attransactionlevel

ORG

Entry at the DESTINATION



ORG

Purchase Price Variance(Receiving Org)

20ShippingNetwork

ORG


120ShippingNetwork

ORG

6If the Standard Cost is differentin Sending & Receiving Org


Intransit Inventory A/c (SendingOrg)

100 AtStandardCost

ShippingNetwork

ORG



ORG


Sub Inventory A/c (Receiving Org) 120 AtStandard

Cost

Sub-inventory

Material A/c Setup

ORG


100ShippingNetwork

Purchase Price Variance(Receiving Org)

20ShippingNetwork

Sheet 6: P2P

PROCURE TO PAY

SR.NO PARTICULARS DR CR SPLNOTES

ACCOUNT ISPULLED

SPECIFIC OPTION AVAILABLE


No Accounting

2 Creation of PurchaseOrder



No Accounting

3 Receipt


ReceivingOption Setup

ORG

AP Accrual A/c 100 At POPrice Inventory OrgSetup ORG

4 Delivery


80 AtStandardCost



PPV A/c 20

DiffbetweenPO -Stnd

Inventory OrgSetup

ORG



ORG

5 Invoice matching withPO

AP Accrual Liability A/c 100 At POPrice


ORG

Invoice Price Variance A/c

10

DiffbetweenInvoice – PO

Inventory OrgSetup

ORG

AP Liability A/c 110 AT INVPrice

FinancialOptions/SupplierSite

6 On making Payment

Liability A/c 110 AtInvoicePrice

FinancialOptions/SupplierSite

Cash 110 AtInvoicePrice

Bank A/c Setup

Sheet 7:O2C

Order To CashCycle

SR.NO PARTICULARS DR CR SPL NOTES ACCOUNT IS

PULLED SPECIFIC

OPTIONAVAILABLE

1 Sales order entry



No Accounting

2 Sales Order Pick

From Sub Inventory

A/c

100 At Standard

Cost

Sub-inventory

Material A/c Setup

ORG

To Sub Inventory A/c 100 At StandardCost(Staging)


ORG

3 Sales Order Issue

COGS 100It can befetched fromfive places

MasterItem/Org/OrderType/LineType/ShippingParams

Master org/shippingparameters/ordertype/Inv org

To Sub Inventory A/c 100 At Standard

Cost

Sub-inventory

Material A/c Setup

4 Transaction level

Receivable A/c 120 Transaction typesales rep/customersite

Tax A/c 10 Tax codes

Transactiontype/salesreps/customer bill tosite/Standard lines

Frieght A/c 10 Transaction typesales rep/customerbill to site/standard

lines

Revenue A/c 100 Transaction typesales rep/customerbill to site/standardlines

Receipts

5Receipts with noremittance method

Cash 100Beforeapplication ofthe receipt

Receipt class Bank Definition Form

Unapplied A/c 100 Receipt class Bank Definition Form

Unapplied A/c 100

Afterapplication ofthe receipt tothetransaction




Receivables A/c 100 Receipt class Bank Definition Form

Cash A/c 100 Receipt class Bank Definition Form

Unidentified A/c 100

In case ofreceiptwithoutcustomer ortransaction


Unidentified A/c 100whencustomeridentified



6Receipts withremittance method.

Confirmed receipts A/c

100 At the timereceipt entry



Remitted receipts A/c 100Onremittance tobank


Confirmed receipts A/c

100 Receipt class Bank Definition Form

Cash 100On clearanceof cheque


Remitted receipts A/c 100 Receipt class Bank Definition Form

7Receipts withdiscount/unearneddiscounts

Cash 90 At the timeearneddiscounts

Bank

Discount earned A/c 10Receivableactivity

Receivable A/c 100 Transaction Type

Cash 90 At the time ofunearneddiscount

Bank

Discount unearned A/c

10Receivableactivity

Receivables A/c 100 Transaction type



Sheet 8: ADJ

Adjustments in AR


NOTES ACCOUNT IS


1 Adjustments

Adjustment A/c 100Receivableactivity

Receivable A/c 100 Transaction type Sales Rep/Customer Site

Sheet 9: STD Cost

STANDARD COSTUPDATE


NOTES

ACCOUNTIS

PULLED SPECIFIC

OPTIONAVAILABLE

1 Inventory Std cost update

Sub Inventory A/c 100

Sub-inventory

Material A/c Setup

ORG

Cost Adjustment A/c 100

At theStandardCostupdaterequestlevel

2 Intransit material Std CostUpdate

Intransit Inventory A/c 100ShippingNetwork ORG

Cost Adjustment A/c 100

At theStandardCostupdaterequestlevel



3 WIP Material Std Cost Update

WIP Material A/c 100WIP AccountingClass

WIP Material Variance A/c 100WIP AccountingClass

Sheet 10: Misc Rec

Miscellaneous Receipts inAR


NOTES ACCOUNT IS

PULLED SPECIFIC OPTION

AVAILABLE

1Miscellaneous Receipt atreceivables

Accounting

Cash 100EnteredReceipt Amount

Bank AccountDefinition

Bank(Internal)

Misc Cash A/c 100Receivableactivity

Distribution set

2 MiscellaneousIssue/Receipt At Inventory

Issue

Misc Issue A/c 100 At Misc Issueform level

Sub Inventory A/c 100Org/Subinventorylevel

ORG

Receipt

Sub Inventory A/c 100Org/Subinventorylevel

ORG

Misc Receipt A/c 100 At Misc receiptform level



Sheet 11: Misc.Payments

MISC PAYMENTS

SR.NO PARTICULARS DR CR SPL NOTES ACCOUNTISPULLED

SPECIFIC OPTIONAVAILABLE

1 On entering a Misc.Invoice

A dummyMisc.Vendoris createdfor thispurposeand thedetails arecaptured inthe DFF.

Charge A/c 100DistributionSet/POcharge A/c

Liability A/c 100From thesuppliersite

Financial Options

2 On making the Payment

Liability A/c 100From theSuppliersite

Financial Options

Cash 100From theBank A/c'sDefinition

3 On making Payment (whenCash Mgmt isimplemented)

On Payment

Liability A/c 100

From the

suppliersite Financial Options

Cash Clearing A/c 100From theBank A/c'sDefinition

On Clearing

Cash Clearing A/c 100From theBank A/c's



Definition

Cash 100From theBank A/c'sDefinition

Sheet 12: Manual Work Order

Manual WorkOrder


NOTES ACCOUNT IS

PULLED SPECIFIC

OPTIONAVAILABLE

1 At the time material issue

WIP Material A/c 100 WIP Class



ORG

2 Resource Valuation

WIP Resource valuation A/c 100 WIP Class

Resource Absorption A/c 100ResourceDefinition Form

3 Overhead Cost (Material)

WIP Material overhead A/c 10 WIP Class

Sub inventory materialoverhead A/c

10 Org/Subinventory ORG

4 Overhead Cost (Indirect)

WIP Overhead A/c 100 WIP Class

Overhead absorption A/c 100OverheadsDefinition Form

5 Outside Processing (In caseof fixed standard cost to

resource)

WIP OSP A/c 100 WIP Class

Variance A/c 95ResourceDefinition Form

OrgParameters

Resource A/c 5ResourceDefinition Form

ReceivingOptions

Oracle Applications EBS - Accounting Entries Overview

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