11i Oracle Payables Fundamentals

Duration: 4 Days

What you will learn

In this course, participants learn how to set up and use Oracle Payables to manage the accounts payable process. Participants learn how to manage suppliers, process invoices as well as payments and generate key reports. Participants also learn how to approve invoices for payment, process stop and void payments, setup bank accounts and process payment batches. Finally, the students learn how to close accounts payable periods and transfer accounting details to the general ledger.Participants will learn how the Payables application fits into Oracle’s e-Business Suite ofapplications. This is accomplished through a series of tutorials, supplemented with hands-on exercises.

Describe how the payables process fits into the Oracle eBusiness suite of applicationsImport/Enter invoices and invoice distributionsIdentify Payables integration pointsApply prepayments and advancesDefine suppliers and supplier sitesIdentify key reports

AudienceFunctional ImplementerSales Consultants

PrerequisitesRequired Prerequisites11i eBusiness Suite Essentials for ImplementersSuggested PrerequisitesWorking experience with accounts payables and purchasing

Course ObjectivesIdentify the key areas in the Payables processUnderstand how Oracle products use supplier informationImport invoices or invoice information to create invoices in PayablesEnter invoices using Quick InvoicesUse the Payment WorkbenchSet up bank accountsEnter expense report templatesApply advancesDescribe the period closing process in Payables and PurchasingReconcile accounts payable transactions for the periodSet up supplier tax informationIdentify tax types, tax codes, and tax groupsIdentify the withholding tax processProcess automatic withholding tax invoicesUnderstand the Payables process flow within the Oracle eBusiness suite of applications

Course TopicsProcure to Pay Lifecycle OverviewDescribing the procure to pay process flowDescribing the key areas in the procure to pay processDescribing how the procure to pay process fits into the Oracle eBusiness suite of applications

Payables OverviewDescribing the Payables process flowDescribing the key areas in the Payables processIdentifying Payables integration pointsIdentifying Payables open interfaces

SuppliersDefining suppliersDefining supplier sitesIdentifying key reportsUsing setup optionsIdentifying implementation considerations

InvoicesImporting and entering invoices and invoice distributionsApplying prepayments and advancesMatching invoices to purchase ordersApplying and releasing holdsUnderstanding invoice approval workflowValidating invoices for payment

Quick InvoicesUsing Quick InvoicesEntering invoice recordsEntering purchase order matched invoice recordsEntering price correctionsFinding and modifying invoice recordsAdding invoice recordsCreating invoices from invoice records

PaymentsDescribing the process of issuing paymentsSetting up bank accountsProcessing single paymentsProcessing payment batchesProcessing stop and void payments

Expense Reports and Credit CardsDescribing the expense report processEntering expense report templatesEntering expense reportsApplying advancesIdentifying key expense related reportsSetting up credit card programs

Period CloseDescribing the period closing process in Payables and PurchasingReconciling accounts payable transactions for the period

Appendix 1: Invoice TaxSetting up supplier tax informationDescribing supplier and supplier sites regionsIdentifying tax validationsEntering taxes on invoicesIdentifying tax types, tax codes, and tax groupsSubmitting invoice validationsUsing tax control methodsIdentifying tax code defaults

Appendix 2: Withholding TaxIdentifying the withholding tax processUsing withholding tax optionsProcessing manual withholding tax invoicesCreating withholding tax invoicesProcessing automatic withholding tax invoices