Contra Entry in AP/AR
Posted: 26 April 2007 09:04 PM
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Hi all,

I’ll appreciate if anyone could explain to me how to automatically offset Creditor balances to Debtor balances in oracle financial.

Client want contra entry to be automatic. Thus, prior to pay an invoice, any balance owed by the supplier (who is also a customer) must be offset.

Thank

Regards,
Roopesh

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Posted: 02 May 2007 09:03 PM   [ # 1 ]
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There exists a standard functionality called ‘Contra Charging’ you can use to credit your supplier/customer balances.
Contra Charging allows you to select customer and suppliers through the screen and net their balances. This will submit two requests used to populate the Receivables and Payables Transaction Interface. This credit memos can then be imported through the standard invoice import in AR and AP.

Detailed information on this functionality can be found in the ‘Oracle Financials Common Country Features User Guide’  on Metalink.

The 11.5.10 documentation can be found by navigating Button E-Business 11i Documentation
‘Applications 11.5.10+ Online Documentation CD’ Tab: Documentation
In Section Global Financials you can download:
‘Oracle Financials Common Country Features User Guide’ .

The feature is available in all versions of eBusiness Suite.

Reference
Subject:  Does A Functionality Exist To Offset Supplier Balance With Customer Balance?
Doc ID:  Note:313523.1
metalink.oracle.com

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