RamcRamco Import AP Tranning Sessiono Import AP Tranning Session

Copyright © Oracle Corporation, 2003. All rights reserved.

Procure to Pay Payables Overview

Copyright © Oracle Corporation, 2003. All rights reserved.

Order Account PayablesRamco Import01-Sep-2015

1-3 Copyright © Oracle Corporation, 2003. All rights reserved.

Overview of Payables Process

Entersupplier

Enterinvoice

Validate invoice

Transfer accounting to

General Ledger

Create accounting

entries

A/P100,000

60,00010,00030,000

Pay invoices


Withholding Tax Overview

You may be required to withhold taxes from your supplier invoices.

Once you set up Payables to automatically withhold tax, you can withhold tax during payment processing.

You can control all withholding tax options in the Withholding Tax region of the Payables Options window.


Invoice Types

• Standard • Credit Memo• Debit Memo• Prepayment


Invoice Structure

• Currency• Terms

• Amount• Pay Date

• Type• Supplier• Number

ScheduledPayments

Distributions

Invoice Header

Invoice Lines


Entering Invoice Line Information – Line Types

ScheduledPayments

Distributions

Invoice Header

Invoice Lines

Type Item Freight Miscellaneous Withholding Tax


Invoice SummaryInvoice Batch

Invoice Header

Lines

Distribution

Payment

StandardCredit MemoDebit MemoMix

Supplier

Bank Account

Withholding TaxMiscellaneousFreightItem


Payments


Using the Payment Workbench

The Payment Workbench, (Payments window) accessible through the Invoice Workbench, is used to generate:

- Manual payment


Prepayment Cycle

Pre-payment Invoice

Pay Pre-payment Invoice

Enter Original Invoice

Apply Pre-payment

RamcRamco Import AP Tranning Sessiono Import AP Tranning Session

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