R12: AP: How the Payment Accounting Options "When Payment is Issued" and "When Payment Clears" Work (Doc ID 2314561.1)

Last updated on JANUARY 23, 2022

Applies to:

Goal

This document describes how Oracle's Payment Accounting options ("When Payment is Issued" and "When Payment Clears", meaning when the payment is reconciled with Cash Management) 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"  (AP_SYSTEM_PARAMETERS_ALL.WHEN_TO_ACCOUNT_PMT)
• "When Payment Clears"     (AP_SYSTEM_PARAMETERS_ALL.RECON_ACCOUNTING_FLAG)

Solution

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