Payables Concurrent Programs

Payables Concurrent Programs

Payables Concurrent Programs

Assignment One Concurrent Program:
create adjusting documents in Payable Program:
AutoRate Program: AutoRate uses exchange rate information in the GL Daily Rates table to enter exchange rates for any foreign currency invoices or payments that have no exchange rates. AutoRate cannot update exchange rates unless you have first defined exchange rates in the GL Daily Rates table that match the invoice or payment currency, rate date, and rate type

Credit Card Invoice Interface Summary: This program creates invoices for your procurement card issuers in the Payables Open Interface tables. This program selects all records for a given date range in AP_EXPENSE_FEED_DISTS with a status of at least Validated. The program will not select any statuses that you have specifically excluded from payment in the Card Programs window. Also, the program will not select any records that have been previously selected by the program. If you choose to summarize the transactions, the system will create a single invoice for each unique combination of GL Account and Tax Code. In addition, if you summarize the transactions, the report will display only the Line, Account, and Amount

Employee Update Program:
The Invoice Validation process checks the matching tax, period status, exchange rate, and distribution information for invoices you enter and automatically applies holds to exception invoices. If an invoice has a hold, you can either manually release the hold (if allowable) or correct the exception that caused Invoice Validation to apply the hold and then resubmit Invoice Validation.

Expense Report Import Program:
Use Expense Report Import to create Payables invoices from expense reports you enter in Payables or Oracle Internet Expenses. You can then use Payables to validate and pay these invoices and create accounting entries for them.

Invoice Validation Program:

Mass Additions Create Program: Run the Mass Additions Create program to transfer capital invoice line distributions from Oracle Payables to Oracle Assets. For foreign currency assets, Payables sends the invoice distribution amount in the converted functional currency. The mass addition line appears in Oracle Assets with the functional currency amount. Oracle Assets creates journal entries for the functional currency amount, so you must clear the foreign currency amount in your general ledger manually. After you create mass additions, you can review them in the Prepare Mass Additions window in Oracle Assets.

Payables Accounting Process:

Payables Open Interface Import Program: You can use the Payables Open Interface Import program to create Payables invoices from invoice data in the Payables Open Interface tables. You can populate the Payables Open Interface tables with invoice data from the following sources

Payables Transfer to General Ledger Program: This program transfers accounting entries to the GL interface. You can then use the data in the interface to create journal entries and post them in your general ledger. If you use Oracle General Ledger, you can submit Journal Import to create the journal entries

Procurement Card Transaction Validation Report:

Purge Payables Open Interface: Use the Payables Open Interface Purge Program after you submit the Payables Open Interface Import program. This program purges records from the Payables Open Interface tables (AP_INVOICES_INTERFACE and AP_INVOICE_LINES_INTERFACE). Purge only invoices that you successfully imported, or enter Yes for Purge All to purge all records in the table that match the Source and Group program parameters you enter.

Purging Records: To optimize your database storage, you can delete Oracle Payables, Oracle Purchasing, and Oracle Supplier Scheduling records that you no longer need to access online. You can also purge invoices, purchase orders, suppliers, and related records such as invoice payments, supplier schedules, and purchase receipts.

Supplier Merge Program:

Unaccounted Transactions Sweep Program: The Unaccounted Transactions Sweep Program transfers unaccounted transactions from one accounting period to another. The program redates all accounting dates of all unaccounted transactions to the first
day of the open period you specify. Because you cannot close a Payables period that has unaccounted transactions in it, if your accounting practices permit it, you might
want to use this program to redate transaction accounting dates to another open period. You can then close the accounting period from which Payables moved the invoices and payments.

Unapply Preupgrade Prepayments Program:

Update Income Tax Details Utility and Report: Submit this utility to report on or update the Income Tax Type and/or Income Tax Region fields on invoice distributions. These fields are required for all invoice distributions of United States Federally Reportable suppliers because the fields are necessary for 1099 reporting. You can correct inaccurate or missing Income Tax Type or Income Tax Region fields for 1099 suppliers. First, ensure that the supplier has accurate 1099 information (Income Tax Type and Income Tax Region),
then submit the utility.

Update Matured Future Payment Status Program:

Also read: Payables Report Listing
Also read: Payables Concurrent Programs
Also read: Payables Supplier Reports
Also read: Payables Income Tax Forms and Reports
Also read: Payables Invoice Reports
Also read: Payables Invoice Tax Reports
Also read: Payables Payment Reports
Also read: Payables Accounting and Reconciliation Reports

Also read: Payables Notices


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