Question On Timing Of Claims Settlement Accounting For AP Payments (Check, Wire Etc) ? (Doc ID 2254194.1)

Last updated on JULY 21, 2017

Applies to:

Oracle Trade Management - Version 12.1.3 and later
Information in this document applies to any platform.

Goal


By reviewing the claims settlement accounting for AP Invoice generation and payment on promotional accruals. There could be a timing until which we may see a debit sitting in vendor clearing as result of accounting being deferred for claims settlement until AP invoice is paid in AP.  The create accounting does pick event type "Claim Settlement by Check/Wire/EFT/AP Default" until the invoice is paid in AP and claims settlement fetcher is run to mark the offer as paid.

When do this accounting happening? I see that this does not happen until invoice is paid in AP and claims settlement fetcher is run to mark the claims payment status as Paid:

Claims Settlement : DR : Liability
  CR : AP Vendor Clearing

When Payables open interface import is run and AP invoice gets created accounting will be

AP Invoice Accounting : DR : AP Vendor Clearing
  CR : AP liability

AP Payment : DR : AP liability
  CR : Cash

Claims settlement fetcher now updates claims to paid and claims settlement accounting happens is what I noticed

Claims Settlement : DR : Liability
  CR : AP Vendor Clearing

If there is a timing delay from claims settlement to cash payment a couple of days we may double up on our liabilities. 

 


 

Solution

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