Payroll Accounting To Hit Cash Account Instead Of Cash Clearing Account
(Doc ID 2618954.1)
Last updated on SEPTEMBER 24, 2020
Applies to:Oracle Fusion Global Payroll Cloud Service - Version 11.13.19.07.0 and later
Information in this document applies to any platform.
On : 11.13.19.07.0 version, Global Payroll
Payroll accounting to hit cash account instead of cash clearing account
Currently when payroll is run accounts are debited and payroll liability is credited.
After prepayments and costing of payments payroll liability debited and cash clearing account credited.
after payments are made and payments are transferred to cash management.
after reconciling in cash management. cash clearing account debited and cash account credited.
Customer want a scenario after payments are run , instead of cash clearing account can transactions directly hit cash account.
Future scenario:when payroll is run accounts are debited and payroll liability is credited.
after prepayments and costing of payments payroll liability debited and cash account credited.
Is this feature available in oracle payroll
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