R12: AP: How the Payment Accounting Options "When Payment is Issued" and "When Payment Clears" Work
(Doc ID 2314561.1)
Last updated on JUNE 26, 2019
Applies to:Oracle Payables - Version 12.0.0 and later
Information in this document applies to any platform.
This document describes how Oracle's Payment Accounting options ("When Payment is Issued" and "When Payment Clears") work and how these options affect subsequent accounting entries during transaction entry.
Path: Payables Responsibility -> Setup -> Options -> Payables Options -> Accounting Option (tab) -> Payment Accounting (region) -> Account for Payment -> select one or both options:
- "When Payment is Issued"
- "When Payment Clears" (when the payment is reconciled with Cash Management)
In the Invoice Data Diagnostics test (also known as APLIST - see Doc ID 732163.1 for more details) this setup may be found in the AP_SYSTEM_PARAMETERS_ALL table, WHEN_TO_ACCOUNT_PMT column.
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