Pre-requisites,
--COA is defined
--Set of Books defined
--Legal entity, Operating unit, Inventory Orgs defined
--Payable setup responsibility defined with all the required profiles assigned
1. Setup Financial Options-
2. Setup Payable options-
3. Define Payment terms-
4. Disbursement Bank setup-
a> Setup Payment programs (optional)
b> Setup Payment format (Optional),
If you have custom/specific bank payment format then define payment formats,
c> Setup Disbursement bank (Required),
You must setup your disbursement bank (internal bank) through which you are going to pay your suppliers,
This concludes your Oracle payable setup. You are ready to create Invoices and pay your suppliers.
