Oracle EBS 11i setup -Oracle Payables setup

PAYABLE SETUP

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.

Oracle EBS 11i Setup -Chart of Accounts Setup

Chart of Accounts setup in Oracle financials is the most important setup. Thorough analysis, consideration must be done before finalizing the chart of accounts of any organization with inputs from finance department such as reporting requirement, level at which transaction details are required etc.

Following video shows how to setup Chart of Accounts in Oracle EBS 11i,